Why Financial Accounting clients choose Strategic Systems Group (SSG) to support their Enterprise Resource Planning (ERP) systems
Accounting firms have inherent complexity. We’ve come to learn that many functions are needed to support their clients:
- Accounts Payable
- Accounts Receivable
- General Ledger
- Fixed Assets
- Sales
- Purchasing
- Inventory Control
We guide our financial accounting clients to skillfully use timely, accurate information together with Intelligent Systems to drive improvements in four (4) key areas:
- Reporting on a timely basis
- Fairly representing clients’ financial condition
- Reducing administrative costs
- Improving cash flow
Ultimately, accounting clients choose us to implement and support their ERP systems because they know the work will be completed on schedule and within budget.
What we do for our Financial Accounting clients
Our team is passionate about delivering business applications to solve business problems and finding effective and efficient ways to do things. Whether it’s a simple as developing a financial report to streamlining A/R and A/P processes to implementing an automated collections process, we truly enjoy working with financial accounting firms to achieve their business objectives: Revenue, efficiency, and growth. Our clients benefit from our experience and skills in:
- Understanding business models
- Technology strategic planning
- Software selection
- Software development and customization
- Consulting and training
How we help our Financial Accounting clients
Rollover the sections below to learn more
Business Process Analysis and Re-engineering
It is not uncommon for companies to operate successful businesses with entirely manual systems. Also, we find organizations that conduct business with only QuickBooks and spreadsheets. Immediately implementing a business application may not be the right course of action.
We help clients:
- Review existing business processes
- Document business processes
- Change business processes to gain efficiencies
- Assess fit with existing business applications
- Customize to business applications to streamline operations
Accounts Receivable Automation
While less complex than Accounts Payable processing, Accounts Receivable processing has its own set of inherent challenges. Repetitive operations can be mundane, boring and, time-consuming. Accounts Receivable automation addresses these issues and enables processing to be completed entirely remotely.
We help clients:
- Capture remittance advices
- Apply cash received to outstanding invoices
- Reconcile cash applied to bank deposits
- Reconcile A/R aging to customers' A/P records
Financial Reporting
Generating financial reports each month is often an arduous time-consuming task, especially when there are many reports in the financial package. To compound the situation, if errors are identified after the reports are generated, they must be corrected and the entire financial package must be recreated.
Our clients benefit from:
- Automated report generation in .PDF or Excel format
- Financial reports in multiple formats (e.g., current period, YTD, 12-month spread)
- Automated capture and online storage of supporting documentation
Automated Collections
The collections of outstanding invoices, while straightforward, often entails repetitive, low-value work. If not completed on a timely, periodic basis, cash flow is impacted adversely. Automation of collections processes ensures that they are completed on a regular and timely basis.
We help clients:
- Electronically send customer invoices
- Read and analyze incoming email
- Auto-respond to email inquiries
- Automate the creation of customer statements and invoice copies
- Automate dunning for customers with overdue invoices
Accounts Payable Automation
Accounts Payable processing can be tedious and time-consuming. The situation is compounded when multiple approvals are required in order to pay vendor invoices. Accounts Payable automation addresses these issues and enables processing to completed entirely remotely.
We help clients:
- Capture incoming vendor invoices
- Create bills in the accounting systems
- Code expenses to the proper G/L account
- Queue bills for approval
- Disburse funds electronically
Operational Reporting
In addition to financial reporting, all organizations need operational reporting to manage their businesses. Key Performance Indicators (KPIs) are crucial to measure how well companies are meeting customer demand, managing cash flow, and creating value for its shareholders. Reviewing, analyzing, and enhancing operational reporting directly addresses this requirement.
Our clients benefit from our Business Intelligence (BI) expertise in the graphical, web-based reporting of:
- Revenue and gross profit trends over time
- KPIs (e.g., ROI, DSO, Utilization Rates)
- Fully burdened hourly rates
- Sales performance versus forecast
- Inventory carrying costs