Fully integrated with
Purchasing Selling Inventory
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A system without its own, integrated financial modules is not a proper system. The ledgers will have been provided by a third party and that means that there will be an interface, which can go wrong, or updates which need to be performed before an accurate financial picture can be delivered.
We created the financial modules in the Advensys system, the General (Nominal) Ledger, Sales Ledger and Purchase Ledger.
Lots of systems say they integrate to an accounting system provided by a third party.
When looking at a customer account, for example, the operator should be able to see the whole picture of that account including its debtor status. The same should be true for supplier accounts, provided that the operator is authorised to view this information. There should not be any delay until an update takes place, as this could compromise credit control.
We did a study some years back on the effect of integrating the purchase ledger with stock control (as opposed to merely booking supplier invoices to the ledger). When comparing before and after figures, Margin accuracy increased by 1.2% and subsequently the overall business profitability increased by the same amount.
This is where everything comes together. We pride ourselves on the fact that all the numbers will track and management can have confidence that the financial position shown is the true position.