many businesses on the use of software to simplify financial management. What
we’ve seen is that managers sometimes inadvertently create a silo between
general operations management and financial management. This is understandable,
given how separate and specialized accounting and finance used to be. Today,
however, with advances in Enterprise Resource Planning (ERP) solutions like Sage 100cloud, it is possible
to simplify financial management while integrating it with other areas of
business management like distribution and sales.
Sage 100cloud, formerly known as MAS 90/200, goes beyond
standard accounting functionality. It has that, of course, and does it well.
There’s more though. It enables you to manage all business processes in one
place. It helps break apart siloes that separate workflows and data. The
software does this with a customizable user interface (UI), mobile access and
add-ons that let you automate your business processes—including financial
management and accounting.
Simplifying financial management
Sage 100cloud offers a variety of specific functions that
make financial management more efficient. People who work in accounting and
finance can become more productive through use of the solution. Highlights
Automated bank feeds and reconciliation—managing
bank feeds and performing account reconciliation can be time-consuming. Sage
100cloud offers a solution to this difficulty with simple, accurate monthly
bank reconciliations. Features include automated detection of unrecorded
transactions. The toolset can also spot errors and differences. It’s a system
that is built for compliance. Sage 100cloud keeps track of relevant tax codes
and provides audit histories and reports required for government agencies.
Custom Office and Visual Integrator—Sage
100cloud has custom scripting capabilities. These enable you to import data from
other platforms. With this, Sage can inter-operate with a variety of systems in
the business. Customized UIs make it possible to add new data fields and
collect information you need to make financial management and the broader
business operations more efficient.
Sage Contact—This module enables users to
view customer and vendor information on any device with Microsoft Outlook. For
instance, an accounting user could resolve a customer billing question on a
smart phone while out of the office. Improved customer experience is a benefit
of this feature. You can also customize permissions for accessing customer
information, e.g. who has the privilege of seeing a customer’s available credit
and outstanding balances?
Sage Budgeting & Planning—Financial
managers are integral to the business planning and budgeting processes. Sage
100cloud aligns operational and strategic decision-making through advanced
planning features. Users can shorten budgeting and planning cycles—allowing
senior managers to make well-informed, quick decisions. The integrative nature
of the solution allows for collaboration between different business groups.
Sage Intelligence—Financial data is
essential for business strategy and day-to-day management. With Sage
Intelligence, financial managers can visualize financial data and produce
reports for other stakeholders. Reports can be customized and automated with
Sage Paperless Office.
Let us work with you to identify how Sage 100cloud can
simplify financial management for your business. We have a long history of
consulting on financial management and training
companies on best practices for the solution. Contact us for a free
consultation and demo of Sage 100cloud.