The success of any organization lies in efficient Finance Management, which mostly is handled either through spreadsheets or stand alone finance software. Result: Problems produced by
• Inaccurate or Incomplete paperwork
• Partial, untimely and inappropriate information sharing
• No real-time accounting of WIP, labour and raw material costs
• Delayed and stressful month closing
• Inability to apply quantity discounts and accurate taxes on the sales documents
• No clear visibility into cash movement, cash blockages, non-payments, etc.
• Waiting till month-end for crucial business information
These problems directly impact your free cash. Leaving you with no choice but to go in for continuous additional investment and thus debts. But, BatchMaster Finance ERP can help you with freeing up your cash-in-hand, which you can re-invest in business growth and save yourself from additional loans and their high interest rates.
BM Finance can act as a comprehensive, integrated solution to handle all aspects of financial management for small to large enterprises, multi-national entities as well as multi-legal divisions. It can streamline and automate all financial operations from Account Payables to Accounts Receivables, General Ledgers, Multi -Currency, Bank Reconciliation, Credit Management, and more.
Inbuilt Chart of Accounts
BM Finance provides you with a Chart of Accounts Templates applicable to your country & legislature, but you can create your own set too. Automatic posting of journal after every transaction relieves you from the additional steps of posting or batch entries.
Automatic Tax and Budgeting Calculations
User-friendly Tax-Engine is included to address known and complex tax requirements, and is scalable to future tax modifications. You get complete support for budgeting your operating costs along with reports that let you analyze actual against planned while the notification alerts make sure you don’t exceed the defined limit. Its GST module can ensure a smooth transition to GST with complete compliance to GST thereafter.
Your banking can be simplified by keeping a track of all cash receipts and check writing to deposits, advance payments, credit card payments and bank reconciliations done aptly by BM Finance.
Accurate Profit Analysis
You can even define multiple profit centers and do an expense as well as profitability analysis for them. This will help you in figuring out which centers are in profit, which are not and why.
Accelerated Month-End Closing
You can accelerate month end closings by assigning tasks to individuals or by setting reminders to manage various aspects of the closing. Your most critical component- your working capital will always be monitored and will be up-to-date giving you a clear input into mission-essential business decisions.
Improved Vendor/Customer Relationship
By effectively managing your Accounts Payable, BatchMaster Finance helps you maintain a fuss-free relationship with your Vendors reminding you to pay on time, availing discounts, re-arranging priorities and resolving differences. At the same time, efficiently handled Account Receivables help you to collaborate with your customers closely and be more responsive to them.
Managing your Financials and Accountings through BM Finance can help you nurture it plus gain complete control of them. A sound financial planning is quite essential for all organizations to maintain the health of the business and sustain the growth graph. This requires a holistic view of company finances, monitoring of working capital and a firm grip on enterprise-wide costs. With a clear visibility into operations and expenditures, rendered by BM Finance, you can tame your costs, cut overheads, monitor losses and thus, boost revenues. Probably that’s what every organization requires!