SunSystems is a highly flexible financial management solution designed to enable users to perform multiple financial and accounting functions irrespective of the industry.
If you’re looking to get started with SunSystems, you’re probably wondering what key processes you can manage or automate with it. This guide will walk you through six of such operations.
1. Save Time Producing Management and Statutory Reports
SunSystems accounting software empowers organisations to manage all aspects of their financials, including the ability to access and analyse multiple ledger data in one place and prepare tailored financial and management reports without the need for manually manipulating your data.
Even more, the software gives you the ability to access all financial and accounting information from multiple GAAP standards to IFRS standards in real-time, allowing you to quickly make effective data-driven decisions
2. Control Costs through Purchase Management
As a way to help organisations to manage and streamline their purchasing processes, Infor Sun financial management software delivers easy-to-use tools with which users can analyse and report on various purchasing data.
Whether it is to manage supplier information, control procurement activities, or to maintain complete oversight on all purchase orders such as outstanding purchase orders and late purchase orders, Sun Systems software gives you complete visibility and control of your expenses.
3. Accurately Track and Depreciate your Fixed Assets
Typically, not all assets (whether tangible or intangible) will appear in the financial statements but they usually contribute to company profitability.
With Sun accounting system, you can manage fixed assets comprehensively. For example, you can post all asset transactions (along with associate acquisition, depreciation, disposal, etc.) to the unified ledger where it immediately becomes visible on the register, the profit and loss account, and the balance sheet accounts.
Sun Accounting lets you value and depreciate assets using different depreciation methods, in multiple currencies, based upon separate book value and asset life details.
4. Integrate SunSystems with other Business Systems
Infor SunSystems can easily integrate with other business systems you’re already using — such as CRM, HR, banking, payroll, billing, and more — so that they operate seamlessly together to execute business processes, workflows, and alerts.
What’s more, it’s also able to integrate data across your organisation, resulting in a completely unified platform for your entire business to run on.
5. Streamline and Optimise Sales and Orders
Infor SunSystems’ sales module packs full-blown functionality for sales, order, and distribution operations. It supports sales invoicing, sales quotations, plus the ability to create product pricing specific to customers.
You can also manage customer information and generate inquiries and reports for effective sales management. For example, it lets you analyse sales invoices, returned goods, and sales orders by item or transaction.
6. Spread Costs and Revenue across Companies and Cost Centres
If you’re looking for financial management software that can help streamline intercompany posting and the spread of revenue or costs across entities or cost centres, then Sun Systems provides excellent functionality to automate this.
The Corporate Allocations module lets you split or reassign expenses and revenue, using predefined criteria such as headcount, floorspace, or another ratio. The resulting splits can either be posted automatically or held just for reporting purposes.
SunSystems’ intercompany accounting capabilities allow you to maintain a level of consistency when comparing financial information across different companies. You can allocate charges and revenue across accounts, periods, analysis codes, and legal entities.
Where to start?
No doubt, Sun accounting software is powerful and comprehensive enough to effectively take care of all your financial and accounting processes. But to get the most out of the software, you need the right SunSystems partner. Get in touch with us today to discuss the best way Sun Systems can help your business processes.