Today's managers count on advanced IT, so that they can manage their business efficiently. Efficient management of financial operations within your company guarantees transparency and control both over different processes and the company as a whole, regardless of its field of expertise. By taking advantage of the ERP system capabilities for entire process management, you can monitor financial operations, plan for revenues and expenses and use your resources effectively.
Apart from business processes and financial operations within the organization, ERP systems provide for overall company accounting, maximum transparency and broad view over the business at any time. The system's main advantage is that it incorporates the accounting module and allows its complete integration with the system. This, in turn, allows automation of the financial accounting activities within the company, generation of an individual account plan and tracing every accounting operation in the company.
ERP solutions also enable management of receivables, long-term assets of the company and bank accounts, as well as cost distribution over cost centres and others. The system provides access to all reports and files related to accounting and the applicable tax legislation.
Balkan Services' team of experts implements finance and accounting management systems since 2006. Owing to our know-how and the successful implementations we have carried out in companies operating in different fields, we can assist you in choosing, implementing and supporting a software solution for finance management, so that it becomes a successful investment for your company.
The Balkan Services team knows the product very well and really thinks it through. Now our whole business is on the screen, one click away. I can 'spin' a report as I see fit, pull up any number I want, and be sure it is correct. The software gives us the smallest details that otherwise elude us"
For the company's business in Bulgaria, the cloud ERP solution NetSuite was deployed. The system covers the Order to Cash process.
In order to have a dual solution which can be used for the group as well as statutory purposes, a specialized module - Multi-Book accounting has been implemented which enables Smule to keep accounting records under two separate legal frameworks.