Financial Management for WorkWise ERP
Financial Management Module
WorkWise accounts payable provides users with a set of tools designed to control your payables and effectively handle the payment side of your business.
The application maximizes cash flow by enforcing payment in the proper cycle, which ensures that potential discounts are taken when desired.
Features and benefits:
· Unlimited expense account distribution
· Vendor/voucher hold
· Accounts payable history
The innovative, easy-to-use Accounts Receivable application manages customer receivable records including invoicing, account status and management, cash management, and more.
The application makes it easy for businesses to record, track, and verify receivables and cash flow. WorkWise ERP Accounts Receivable supports Balance Forward Accounting and Open Item Accounting and can interface with customer order processing, quotations, general ledger, and inventory management.
· Credit ratings, history and limits
· Detailed notes and follow-up reminders
· Statement generation
Avatax Sales Tax Gateway
Avatax takes the burden off of tax management so that your concentration can remain on building your core business. With the Avatax application, WorkWise ERP offers a gateway into one of the most powerful sales tax management applications, which eliminates the productivity drain and the error prone ways of traditional tax compliance methods.
· Comprehensive, end-to-end automation
· Addresses correction and validation
· No manual updates
The cash management application combines your financial data with drivers and projections to project a solid forecast of the source and use of funds. With cash management, provide alternate methods of assembling cash source and cash use information from the WorkWise ERP database.
· Forecast cash flows
· Simplify the reconciliation process
· Efficiently manage your cash cycle
Credit Card Gateway
Both flexible and easy to use, the WorkWise ERP credit card gateway includes retail, MOTO and eCommerce accounts, Level I, II and III processing and automatic processing logic. It also features customizable transaction grid listings with sorting and search functions that make creating reports simple.
· Reuse old transaction data
· Configurable search options
· Lots of customizable reports
The Fixed Assets application, developed by WorkWise, tracks the status and value of your business’s fixed assets including furniture, machinery, buildings and electronics. Accurately track the varied life cycles of your fixed assets.
· Ensures compliance with latest tax and GAAP regulations
· Dynamic depreciation and reports for any time period
· Eliminates rounding errors
The General Ledger application automatically accepts inputs from all areas of your ERP software allowing for complete reporting and drill-down analysis of activity. Users can bring transaction records in from other WorkWise ERP applications for classification and summarization, giving users a complete overview of the company’s finances.
· Multi-company consolidation
· MS/Excel copy/paste journal entries
· Unlimited statement formats
WorkWise’s human resources software streamlines the difficult tasks of maintaining records and reporting while keeping extensive employee information within immediate reach.
Designed to help make short work out of difficult tasks of government reporting and record keeping, stay compliant with the human resources application.
· Tracks information throughout the year and produces standard OSHA 300 and 301 reports
· Tracks data of physical exams
· Add or modify attendance records
Cost control is a requirement for any manufacturing enterprise that hopes to remain viable and grow its business. Job cost details both in design and in ease of use.
Job Cost Advantages:
· Fixed and variable costs
· User defined cost categories
· Work in process reporting
Partnering with both Optimum Solutions and Denali Payroll Software, WorkWise ERP offers everything you need to manage and pay your employees. The partnership saves time and money by simplifying the payroll process, ultimately giving you better control of your business.
Greatly reduce the amount of time it takes to process payroll and adhere to government requirements with ease.
· Pay by exception processing
· Multiple payroll processing without conflict by pay cycle
· Tracking of beneficiaries and dependents
Standard Costing facilitates the timely and accurate support of standard cost accounting procedures. Standard Cost keeps up-to-date projected costs for all products and parts provided by a company.
The Standard Cost function takes the wealth of information contained within the other product data management functions and calculates current and standard costs by item number.
· Costed routings
· Current and standard (frozen) costs
· Indented cost explosions