Page 19 - Merchant Ebook

Integrated Accounts
5. Real-time integration is

paramount throughout your

system

The ‘financials’ are at the heart of any modern ERP system
and real-time general ledger posting is paramount throughout
the system. It may not be the most dynamic department in
the business but cash is king. Taking care of the finances and
providing up to date management information is an integral
part of any well run business and you should not compromise
on this functionality.

The ability to produce actual versus budget reports on the
general ledger may be a vital ingredient in a growing business
and should not be overlooked. Profitability and cost centre
reporting by branch is an important factor in multi-site
businesses and should not involve a plethora of Excel sheets.
Cash and bank reconciliation are tasks that should be easily
facilitated by members of the accounts department with a
strong credit control system driven process.

And when you have a business management software system
with fully integrated accounts, the efficiencies are actually Intact - Your Definitive Guide to Merchant Software
gained by how the other areas of the business interacts with
the accounts. It’s also about applying end-to-end business
controls. About making the decisions that are right for your
company and the fact that the system, no matter what area
you’re in has the ability to apply your controls and work for you.

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