Advanced Finance Management
Current account, cash, bank, loan, POS, company credit card, payment, cheque and note management.
Solution by business need
Financial visibility and cash flow
Seeing your cash position accurately requires bank transactions, current accounts, loan installments and cheque/promissory note due dates to be in the same place. Factorbooks brings these items together under Advanced Finance Management and lets you track forecast cash flow with Cash Management.
Who it is for: Finance managers, business owners and accounting teams
From challenge to solution
Typical challenges and the modules and features Factorbooks uses to address them.
Challenge
Bank transactions and current accounts are tracked on different screens.
Factorbooks approach
Bank account statements, statements, bank receipts and current accounts sit under Advanced Finance Management.
Benefit
The finance team tracks cash and payables/receivables from a single module.
Challenge
Loan installments and cheque due dates are not reflected in the cash plan.
Factorbooks approach
Installment, spot and revolving loans, loan installments and cheque/promissory note records are kept in the same module.
Benefit
Upcoming payment obligations are visible in the system instead of scattered spreadsheets.
Challenge
Short-term cash needs are noticed too late.
Factorbooks approach
Forecast cash flow in the Cash Management module is included in all packages.
Benefit
Management can assess cash needs in advance.
Featured capabilities
- Bank Account StatementAdvanced Finance Management · Included in all packages
- Loan InstallmentsAdvanced Finance Management · Included in all packages
- Customer Cheques & NotesAdvanced Finance Management · Included in all packages
- Multi-Currency and Central Bank Exchange Rate ManagementAdvanced Finance Management · Included from Small Business
- Cash Flow ForecastCash Management · Included in all packages
- Bank Limit InformationTreasury Management · Available as an add-on from Corporate
Related modules
Cash Management
Forward-looking cash visibility with a cash flow forecast.
Treasury Management
Deposit and investment accounts, portfolio, time deposits, foreign currency transactions and open banking.
Guarantee Management
Guarantees given and received, letters of guarantee, cash collateral and refunds.
Business Intelligence (BI) Reporting
Financial reports, fiscal reports, commercial reports and management reports.
Other solutions
Sales and customer processes
Connect the sales process from lead to quotation, and from order to invoice and shipment.
Purchasing and procurement processes
Keep purchasing under control from purchase request to quotation evaluation, and from order to goods receipt.
Accounting and tax processes
Period-end processes from journal vouchers to tax returns, and from valuation to e-Ledger.
See Factorbooks with your own processes
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.