Finance

ADVANCED FINANCIALS

Accounting and Financial Management Software

We provide finance teams with powerful, world class software, at the click of a button.

First class Cloud-based financial management software, which has evolved over 30 years

At Advanced we believe finance is the beating heart of any successful business. Our Advanced Financials software enables finance teams to focus on strategy and performance by consolidating multiple platforms in one place, reducing manual tasks, and producing real-time business insight automatically.

"Advanced Financials has revolutionised the way the finance team operate at Expect Distribution. It provides us with a clear picture of business performance and operations which is vital as we continue to grow as a business."

Powered by MyWorkplace

Supercharge your finance function's productivity by working the way you want to.

MyWorkplace is a centralised work space that unifies the access and user experience across multiple solutions, enabling you to do more with less. MyWorkplace enables your finance team to focus on strategic initiatives rather than getting bogged down in day to day admin and assisting non-finance users.

Financial Management

Take a further look at the core functionality which sits at the heart of Advanced Financials.

The core of Advanced Financials is powered by robust accounting and financial management functionality. Advanced Financials enables finance teams to manage all accounting functions easily and accurately, such as: general ledger, accounts payable, credit management, bank reconciliation, and much more.

Reporting & Dashboards

Focus on strategy and performance easily and effectively with our powerful reporting and dashboards built into Advanced Financials

Many finance teams aim to become more strategic and guide business decisions based on data. However, when data is difficult to access and analyse, this can be a challenge. To facilitate this process, we have built a powerful reporting and dashboards engine into the core of Advanced Financials. This gives finance teams the power to lead strategy based on accurate, real-time information.

Document Management

Documents and invoices can be managed accurately and efficiently in Advanced Financials and fed back with complete accuracy.

In finance, managing paper and PDF documentation can still be a real headache and require a substantial amount of manual effort. Document management is integrated into Advanced Financials, which simplifies the process and ensures your documents are completely accurate 100% of the time.

Purchasing Management

Ensure all purchases are accurate, efficient and clearly recorded through the robust purchasing management functionality built into Advanced Financials.

In the purchasing process, it can often be challenging to maintain financial control and stay on top of things. Advanced Financials enables finance teams to save time and increase focus with complete visibility of vendors, orders, and all information across the purchasing cycle.

Project Management

Seamlessly plan, capture and track costs across all projects in the business

The ability to budget and track costs across large organisational projects is crucial to understanding the financial impact and success of a project alongside controlling and restricting cash flow where required. Project management in Advanced Financials allows finance teams to manage projects and allocate costs so that the finance department can accurately monitor and track costs over time.

Inventory Management

One single version of the truth for stock and inventory management

Stock and inventory management is often a top priority and a significant portion of work for finance teams. With Advanced Financials, our in-built stock and inventory management functionality enabled you to do this from one central location with ease.

Asset Management

Understanding the financial value of your assets has never been easier with Advanced Financials

A company's assets are often equally valuable and important to track as its sales and orders, meaning a finance team must measure the cost and value of both.

Expenses Management

Streamline the expense management process for your employees by automating expenses

We know that for a lot of companies, managing expenses can be a long, manual process that is both time-consuming for employees and frustrating for finance teams. Our fully integrated expenses management tool enables businesses to automate their expenses management process, making the process of submitting, approving and reporting on expenses pain free.

EFINANCIALS

Public Sector Financial Management

Our eFinancials financial management solution can help you take full control of your finance function, offering real value for money and an ongoing return on your investment. Developed and supported in the UK, our suite of solutions comprises core financial management and procurement, integrated document management, corporate performance management and business analytics for the NHS and wider public sector.

FEATURES & BENEFITS

eFinancials

With pressures on reducing spend across the NHS and public sector, organisations are entering into shared services schemes and looking for a financial management solution to help maximise productivity and reduce time spent on manual processes.

Flexible financial managementFlexible financial management

Scalable, configurable and easily tailored to your requirements, eFinancials is flexible enough to adapt when new compliance changes occur.

State-of-the-art reportingState-of-the-art reporting

Reporting capabilities can be tailored to suit your needs, enabling performance to be closely monitored and shared with stakeholders.

Improved collaborationImproved collaboration

The distribution of documents within eFinancials is completely safe and secure. This enables data to be shared with ease between different teams.

Collaborative planning solution

Advanced Collaborative Planning software delivers complete, flexible budgeting and forecasting for organisations across both the public and private sectors.

Adaptable budgetingAdaptable budgeting

Different budgets can be prepared using a top-down or bottom-up approach, allowing users to prepare multiple budgets at the same time.

Live informationLive information

With a live, single version of the truth, finance departments have access to real-time data, enabling them to make timely and accurate decisions in an instant.

Financial integrationFinancial integration

Our Collaborative Planning software can import data from other financial and operational solutions, without the need for any manual data collection to take place.

eProcurement

The eProcurement module is designed with the flexibility to facilitate the different ways an organisation orders goods and services – delivering a streamlined procurement and authorisation process.

Controlled spendingControlled spending

Contract enforcement and commitment accounting can prevent overspend from arising plus contribute to accurate monitoring and more controlled spending.

Encourage culpabilityEncourage culpability

Empower your cost centre managers to take ownership of their budget by providing effective monitoring tools to control overspend.

Streamlined processesStreamlined processes

Devolved users can easily place requisitions and orders, while management retains oversight and control, optimising the procurement process.

Financial accounting

Our integrated suite of applications provide everything you need to manage your finance function more efficiently. We’re currently working with leading NHS trusts to help implement the Future Focused Finance vision.

Intelligent invoice processingIntelligent invoice processing

Our purchase invoice management module allows requisitioners and budget holders to quickly deal with invoice mismatches and approvals.

Flexible organisation analysisFlexible organisation analysis

Standard enquiry capabilities within eFinancials enable the finance team to simply build structural views of information based on key financial and non-financial data.

Multi-entry reportingMulti-entry reporting

Our financial accounting solution enables reporting at any level within your organisation and can easily be updated to reflect organisational changes too.

Debt Manager

The Debt Manager module facilitates the chasing of customer debt. It gives your credit controllers everything they need in one place to help them do their job successfully.

Income forecastIncome forecast

The income forecast provides a digestible overview of the anticipated income the organisation is expected to receive from debtors over coming days and weeks.

Instalment plansInstalment plans

Details of current instalment plans provide an organisation with an overview of how much a debtor has agreed to pay and when each payment is due.

Debt calendarDebt calendar

Credit controllers have the information they need for chasing debt with a diary function. They can record customer responses, check what amount was promised by a debtor and more.