Today's financial executives are faced with the issue of improving productivity and efficiency within their organisations whilst reducing the overall cost of their department in real terms, doing the same or more with less staff.
Advanced Business Solutions core accounting software enables financial executives to improve productivity and reduce costs as well as supporting the operational management of the business by providing easy access to financial and operational information.
We have a range of finance and accounting products including e5, eFinancials, e2 and OpenAccounts. Please contact us to discuss which would be most suitable for your needs.
Advanced Business Solutions' core accounting solutions consist of the following:
Our accounting software provides core functionality to support the following business processes.
This process flow manages the efficient processing and payment of invoices, covering key areas of purchasing, accounts payable, recurring charges and payment processing.
The scope for reducing cost in accounts payable is huge. A majority of process issues dealt with in accounts payable are directly related to activities in the purchasing process. Advanced Business Solutions brings these two areas together to drive out cost and improve efficiencies across the organisation. In addition, our document management capabilities can help reduce cost further and improve processing times.
This process flow covers the vital aspects of successfully turning customers into cash (or ensuring appropriate and sufficient cashflow from other funding sources for non customer-based organisations) and covers key areas of accounts receivable, credit control, billing and cashflow.
Since receivables are the primary source of incoming funds for the organisation, increasing the speed with which a receivable is collected should be on every organisation's strategic agenda. The ultimate measure of this improvement goal should be the reduction of Days Sales Outstanding (DSO).
Advanced Business Solutions assists organisations to improve cashflow, speed up billing and ultimately get closer to their customers.
This flow brings together the processes outlined above and covers the key areas of general ledger accounting, fixed assets accounting, intercompany accounting and reporting.
Advanced Business Solutions can provide financial executives with the tools required to improve processes, reduce cycle time and provide better information to the managers in the business, empowering them to run the organisation better.