FinanSys is a leading global Infor SunSystems and NetSuite ERP solution provider with 23 years of experience. We offer financial management solutions for growing companies that look to drive insights while reducing manual tasks.
Our products offer unrivalled analysis, reporting, and integration with other business systems, as well as powerful multi-currency and multi-company functionality.
But FinanSys is more than just a provider: we offer a comprehensive package, from understanding your needs to configuration, training, and support. We also have cloud hosting options for peace of mind.
Let’s look at 23 things FinanSys can do for your business.
1. Streamline reporting and increase visibility
Our tools come with powerful business intelligence solutions that deliver accurate, insightful reports in a fraction of the time. You can quickly access and act on valuable insights, resulting in more informed business decisions.
Your organisation can achieve greater visibility into day-to-day operations and keep a close eye on your company’s financial data by making it available in real-time for analysis, trend reporting, and budgeting.
Having instant access to your entire business’ financial data will enable you to manage many tasks from a single location, thereby reducing the burden on internal resources and turning uncertainty into clarity.
2. Minimise manual tasks
Displace manual tasks with business process management systems that can route tasks to the people that need to act, whether it be 4-eyes journal validation or something more complex.
This will allow you to drive greater efficiencies while reducing time spent on mundane processes.
3. Integrate with other business systems
Whether you’re working across departments, with external suppliers or customers, we can link to any third-party application you use within your organisation, from CRM to HR/payroll or another operational system.
This brings your different systems together, enabling you to manage all aspects of your business in one place.
4. Wave goodbye to slow data entry
FinanSys has the right tools for making data entry faster and more accurate.
Whether it be through a bulk transaction import, saving you rekeying data or through the use of business rules to speed analysis entry.
Cutting down on manual data entry and improving the company’s resource efficiency is key to minimising costs and increasing profitability.
You can ensure your data is accurate with built-in data integrity checking, ensuring that data entered or updated follows a specific set of criteria.
5. Easily manage multiple companies and multiple currencies without any hassle
This lets you easily support complex company structures where you can manage multiple data with ease.
This also means you can track purchases and inventory across multiple locations.
It’s especially helpful for organisations that have clients, customers, suppliers, employees or donors in different countries, as it allows them to calculate the currency conversion automatically and keep track of all transactions in real-time.
As a result, you can see how your organisation is doing from anywhere in the world thanks to cloud-based access.
6. Improve global access to information
FinanSys products offer unparalleled language and time zone support, with data available anywhere, anytime.
Authorised users can gain real-time access to your financial data and system controls to make informed business decisions.
Get a unified view across all users, localised to their time zone and language, so you can reduce the risk of errors and produce more accurate management reporting.
7. Bring your expansion plans to life
FinanSys offers tools that can aid your international expansion and growth strategies.
You can quickly deploy multiple company setups with great flexibility. Once you select the setup, all the necessary companies are automatically created, including different currencies and tax requirements for each company according to its location.
This solution is ideal for companies that operate in remote locations because it lets you store all the data in the cloud, providing easy access to your financial information everywhere, anytime.
8. Prepare your business for the future
FinanSys’ solutions also allow you to track the historical data of the business so that if there are any changes in the future, you’ll have a smooth transition into new structures.
These capabilities offer long-term flexibility and overarching support for business growth.
9. Minimise errors
With the ability to maintain up-to-date records coupled with less dependency on human input, our tools allow you to reduce errors and avoid unnecessary costs.
This means stakeholders such as customers, regulators, auditors, and suppliers will view your company as more reliable, increasing customer satisfaction, trust, and loyalty.
10. Improve productivity through automation
The business and financial management software from FinanSys is built to automate as many tasks and processes as possible.
As a result, staff can minimise the time wasted on manual work and spend more time focusing on your business’s future growth.
For instance, FinanSys can automate your workforce’s expenses and invoice processing leaving you more time to focus on your core business.
11. Reduce risk through better compliance processes.
Whether it is GAAP, IFRS, or any other specific requirement, FinanSys can assist you with compliance whether it is country-specific, regional, or industry-specific.
For example, we can help you ensure your internal processes meet regulatory requirements and deliver an increased level of control and transparency.
12. Speed up month-end closing
FinanSys has tools that can speed up the closing of the books at your month and year-ends.
This enables you to drastically speed up your time to close your month-end from weeks to days giving you a more accurate picture of your financials on a real-time basis coupled with the ability to better predict your monthly cash flow.
13. Manage customer relationships smoothly
You can manage customer relationships, increase loyalty, and reduce churn rate through the NetSuite CRM module implemented through FinanSys as a dedicated NetSuite solution provider.
This helps you to easily track your customers’ behaviour and interactions with your company, which allows you to delight your customers and fulfil their needs.
14. Curb fraud and criminal activities
FinanSys can help you prevent, identify, deter, and most importantly investigate frauds with our powerful solutions.
For instance, we can help you implement segregation of duties on supplier bank details so that when they are changed, payments cannot be made against the new bank details until someone else has checked they are correct.
This can help improve control and minimise the risk of fraud.
16. Get connected to customers and suppliers through eCommerce capabilities
With the NetSuite eCommerce modules, you can increase customer satisfaction with an improved website, invoicing, and payment processing capabilities.
Your customers can easily place orders, make payments, track order status and refunds.
This allows you to transition your company from siloed online, in-store, and phone purchasing channels to a comprehensive commerce solution that ties eCommerce and in-store POS to order management, inventory, merchandising, marketing, financials and customer service.
As a NetSuite solutions provider, the tool we can implement with you also let you better manage your purchasing needs with purchase order processing and approvals.
17. Improve time-to-market for new products and services
You can reduce the time required to develop new products and services through the data insights provided by SunSystems and NetSuite implemented by FinanSys.
You can also improve collaboration and responsiveness across product development teams by using a single, integrated platform with real-time information.
For instance, you can track inventory, orders, and shipments from a single interface to reduce time spent on data entry while providing managers with up-to-date information.
18. Make your billing and payment experience more successful and cost-effective
FinanSys can help you manage financial processes more smoothly which leads to reduced overhead, fast approvals, and improved profits.
You can also improve customer service and support, reduce bad debt and drive revenue growth by automating billing and payment processes.
19. Gain better control of fixed assets
You can reduce the time required to manage and track fixed assets, increase accuracy in reporting and produce better financial analysis with our fixed asset management module from Infor SunSystems.
We also offer support for depreciation calculation, purchase price allocation and asset disposal which reduces your risk of an audit failure.
20. Save valuable time for value-add tasks
Automating finance and accounting activities allows you to free up human resources’ valuable time for other tasks.
For instance, with our automated bank reconciliation functionality, you can reduce reconciliations.
You can also improve cash flow with faster payment approval processes by reducing the time required to process payments and improve cash flow with our accounts receivable automation solutions in NetSuite and SunSystems.
The solution also allows you to automate invoice approvals, which reduces the risk of duplicate invoicing, late penalties and prevents bad debts from falling through the cracks.
21. Improve profitability by making better use of resources
FinanSys can help you determine your true cost of ownership, improve asset utilisation, and reduce idle time to meet budgeted costs.
You can also improve your inventory management processes by providing more accurate forecasts and more accurate shipments for your customers.
Our business systems also provide great transparency of resource consumption. You can provide managers with visibility to track spending more easily by consuming resources (people, tools, machines) on projects and activities based on forecasted level of effort or real-time usage rates.
22. Streamline expense and invoice processing
With FinanSys, you can manage and track invoices and expenses from anywhere. You can access all documents in one place, collaborate with other users, and can automate invoice matching to purchase orders and good receipts.
This decreases manual tasks around invoice processing while ensuring your risk of non-compliance is significantly reduced.
23. Avoid IT headaches with our cloud hosting options
You can reduce the need to expand your IT team with FinanSys’ cloud solutions, which enables you to scale your deployment without scaling your IT team or resources.
This provides organisations with efficient IT management while eliminating worries about equipment failure or lack of processing power. Our dedicated support team will also provide specialists you can call when requirements change.
There you have it – 23 things you can achieve with FinanSys!
Now that you know how we can help your business, why not try us out?
Contact us now if you want to find out more or book a free one-to-one demonstration with our highly experienced team. We’re here to help and support your business.