Every company needs to follow good accounting practices. This is necessary not only to meet financial regulations, but also in order to have a firm understanding of cash flow, inventory and overall financial health of the enterprise. Smart accounting software helps these companies operate more efficiently, adhere to regulations and provide up-to-date information for quick decision making. A modern enterprise resource planning system includes these powerful financial tools.

Your accounting team will love your new ERP software for a variety of reasons: 

Automating invoices
When a company grows, creating and sending invoices becomes an increasingly complex and time-consuming feat. This is because the number of employees, vendors and partners grows as well. ERP manufacturing accounting software is able to automate the invoicing process, allowing these actions to be completed in a fraction of the time and with superior accuracy. This frees up time and resources to focus on more pressing concerns. Improving the invoicing process means issuing payments faster to keep vendors happy and increase cash flows. 

Adhering to regulations
In order to meet financial regulations, it's important to monitor activities throughout the company. Many companies that rely on legacy systems have problems with this because it's difficult to get information from different departments, and the information they are able to acquire is often set to different standards. A robust business management software solution such as ERP allows for standardization of data across the whole company, acting as a central hub of information. This makes monitoring financial information and complying with regulations far easier. 

Reporting costs
As always, ERP software lets users manage costs and operate more efficiently. ERP cost accounting software allows manufacturers to more accurately report and track all job costs. This powerful job costing software also allows them to determine the returns on these investments. 

Recognizing revenue
Revenue recognition is a strategy in which a company shows revenue when it's earned, rather than when it's actually collected. This can improve cash flow for growing companies that run a lean operation. The financial accounting module of a modern ERP program allows for this type of flexibility, while still adhering to accepted accounting principles. 

Is your legacy software having trouble keeping up? Accent Software can help your enterprise implement a modern, cloud-based manufacturing job costing software that will enhance information access, automate time-consuming tasks and foster flexibility for your financial reporting. The Accent team will be with you every step of the way, from prepping to implementation to troubleshooting. Contact us to learn more.