ACCOUNTS RECEIVABLE

SYSPRO Accounts Receivable improves receivables management by facilitating accurate invoice processing and ageing, timely statement delivery and revenue collection as well as efficient credit management. This in turn leads to improved cash flow and customer relationships.

FINANCIALS

Financial data is always current thanks to real time integration between SYSPRO financial, distribution and manufacturing solutions. Financial processes can be extended to the web or integrated to other applications using SYSPRO’s Integration Framework and e.net Solutions.

Tax regulations catered for by SYSPRO include the VAT, Sales Tax and GST systems used in the world’s major economies. Cross-module tax return functionality facilitates easy tax compliance.

SYSPRO Tax Connectors integrates with the best-of-breed tax calculation systems to help manufacturers and distributors reduce the hassle and complexity of sales tax compliance at every stage. This allows organizations to make the best use of their finance department resources.

Budgeting and forecasting for different parts of the business can be managed with SYSPRO.

Sales Analysis allows for the setting of sales targets to manage sales performance. Inventory Forecasting uses statistical algorithms to predict future sales and identifies those products that contribute the most in terms of sales value, gross profit, cost of sales or quantity sold.

SYSPRO and Compliance with Accounting

Standards and Regulations

SYSPRO provides you with both the scope and the flexibility to implement your chosen accounting framework through a number of powerful features. Capabilities focused on governance, compliance and risk management support tighter controls and regulations. SYSPRO’s financial solutions and reporting services gives companies comprehensive support for International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). This enables enterprises to adhere to complex accounting frameworks, meet the requirements of capital and financial markets and ensure the reliability and transparency of their financial reporting.

Our development team constantly monitors the business environment to determine the latest trends and imminent legislation changes. In terms of business processes, we aim to give our customers a competitive edge by allowing them to use the latest thinking in business management and best practice. At SYSPRO, we try to simplify the compliance process for our customers by removing obstacles to compliance in our software and by adding new functionality. For example, SYSPRO Electronic Signatures helps organizations comply with Sarbanes-Oxley; and the XML output of the General Ledger Report Writer, if set up correctly, allows customers to produce their financials in XBRL.

SYSPRO’s Electronic Signatures gives you the tools to comply with Sarbanes-Oxley requirement for the creation of detailed audit logs of who is doing what in your ERP system. Not only do the Electronic Signatures features enable logging of all activity in SYSPRO, but they also give you the tools to define rules around who is allowed to process specific transactions and under what conditions. Electronic Signatures also enable you to configure notifications and other triggers to be fired off in the case of specific events.

This improves transparency and accountability in business transaction processing, giving you strict authorization and access control at a granular level in addition to SYSPRO’s general system security. Role Conflicts are another Sarbanes Oxley target area for which SYSPRO provides controls, giving you a customizable template to help you define and report on such conflicts within the system.