Gain an accurate financial picture of your business anytime, anywhere
Accrual management is one of the most complex supply chain processes. Supply chain firms struggle with routine problems that require long hours and a significant number of resources.
Time-consuming collection of data required for month-end accruals
Manual and error-prone consolidation of accrual data during month-end
Lack of visibility between suppliers and the internal organization
Unstructured data makes accrual forecasting complex and difficult
Siloed data sources that lead to inefficient audits
Inaccurate accrual data
What Should an Accrual Portal Do?
Accurate payment of accruals is important to a business’s bottom line. Guesswork can translate into the nightmare of going under or over budget. That’s where accrual portals such as dotSolved FAS5Pro come in. Increasingly, small-to-medium-sized businesses (SMBs), are turning to cloud-based solutions to help them manage supply chain processes.
Investing in a solution like FAS5Pro offers several benefits. Not only can it help you solve routine problems, but you’ll streamline your processes and improve accrual management. There are four key benefits fast-growing companies and their accrual platforms capture:
Error-free actual process
Simplified finance approval
Cloud-based report for audit
Save an average of 24 hours of work by department
With dotSolved FAS5Pro, you can make business decisions with current, accurate financial information.
Autoload open PO’s and even allow PR’s based on exceptions/rules
Control suppliers’ and PO’s suppliers’ view of accrual info
Configurable email templates to auto-notify suppliers and internal PO owners
Define approval & review flows for accrual provided by Suppliers and PO owners
Allow FP&A to view end-to-end accrual data and consolidation
Single click JE booking, approvals, and the period beginning reversals capabilities
Effortless and accurate historical and trending audit capabilities