A2000 Solutions Pte Ltd, a Singapore accounting software company, provides ERP, financial accounting software, sales and distribution, POS and inventory management system; that empowers business, create dynamic response to market changes for small medium sized industries.

 

Financial Management Software


ERP Software Suite

-Financial Management
-Accounting Business Intelligence
-Mobile Enablement
-Material Planning

-Fixed Asset Management
-Warehouse Management
-Customer Relations Management
-Distribution Management

-Project Management
-Inventory Management
-Service Management
-Procurement Management Software

-Rental Management
-Retail Point of Sales
-Delivery Planning System
-Return Material Authorization

-E-commerce Software
-Report Designer
-Internet Accounting
-GST Accounting Software

 

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What is Financial Management Software?


Gathering and analyzing financial data are central to the success of a business. However, information that is outdated, inaccurate, irrelevant or hard to understand can lead to costly mistakes.

Financial management software can help finance managers assemble accurate and clear data. With reports that pull real-time information from a company's various departments, the process of financial analysis can be simplified and optimized.

The primary function of a financial management system is to help managers keep close control of a company's income and expenses. This is achieved through simplifying the billing process, minimizing accounting errors and providing accurate, timely reporting. With an organized system in place, the time of the accounting staff is optimized, with fewer hours spent researching tax regulations and issuing and processing invoices. In addition, accurate financial information makes it easier for the chief financial officer (CFO) to plan budgets and make important fiscal decisions.

Financial management software usually comes in a suite that comprises a number of financial applications. While offerings differ among vendors, most packages include several standard applications: accounts payable and receivable, general ledger and financial reporting. The software can be purchased as part of a larger ERP financial management system or on its own.

Importance of Financial Management Software (FMS)


According to a survey by Dynamics Markets, about 97% of finance managers find some aspect of the financial reporting process stressful. The research showed that companies that don't use financial management software experience more difficulty generating coherent reports, which leads to confusion about the data and makes financial analysis an uphill battle.

Financial management software can alleviate such problems. Financial reporting and analysis tools allow users to generate real-time reports whenever they like and provide them with tools to help them understand the information. Most modern software are now made with simple user interfaces, that is easier for accountants to use without the aid of the IT department.

Choosing a FMS


There are many factors to consider when choosing financial management software. The size and complexity of the business are 2 major considerations: Small, simple businesses can adopt a single-purpose accounting package, while larger operations with more intricate financials will probably function best with a comprehensive ERP suite.

Other tips for selecting the right financial management software system include assessing the pros and cons of a cloud-based Software as a Service (SaaS) application; evaluating the product's ability to adapt to evolving reporting regulations such as the FRS accounting standard; and doing a trial run with a vendor.

Above all, experts say, it's important to keep in mind that a one-size-fits-all model does not apply -- software should be purchased based on a company's unique needs analysis. A strong selection committee that comprises employees from different departments, such as admin, procurement and sales, should also determine an appropriate timeframe for deployment.

Understanding FMS Implementation & Integration


After a decision has been reached and it's time to buy, a solid negotiation strategy is important. Vendor relationships, maintenance contracts and the timing of the purchase are all factors organizations can leverage to save money.

Since financial applications need to be integrated with almost all of a company's systems, it's important that the implementation team include members from various business functions. Other implementation best practices include focusing on the business goals of the software and striving for a hub-based implementation rather than a point-to-point plan. Enlisting the aid of consultants and arranging trainings for end users are also helpful strategies, especially in a rapid implementation scenario.

 


A21 Clarity-SQL - Financial Accounting Software

A21 Clarity-SQL is an application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, profit & loss statement, balance sheet and trial balance.

It functions as an accounting information system providing financial visibility to business owners.

It may be developed in-house by the organization using it, may be purchased from a third party, or may be a combination of a third-party application software package with local modifications. It varies greatly in its complexity and cost.

A2000 Solutions Pte Ltd is an active supplier of business accounting solution in Singapore since 1996. The market has been undergoing considerable consolidation since the mid 1990s, with many software firms ceasing to trade or being bought by larger groups.


 

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