10 Features and Benefits of EliteFinance

 Built on Microsoft Dynamics 365 Business Central, EliteFinance is an all-in-one business management application to help manage cash-flow more efficiently, with built-in intelligence when and where you need it. 

Let’s take a closer look at the top ten functional benefits of our solution:
 

 

  • Bank Statement Import in bank format

 EliteFinance Cash Management module provides functionality to upload your digital bank statements directly into the Bank Reconciliation module, ready for auto or manual matching. This significantly reduces the time it takes to complete this ordinarily labour-intensive process giving you the opportunity to process the bank statements in more regular intervals.

  • BACS Export in bank format

 EliteFinance Accounts Payable Module can create a payment file directly from the automated payment run process. once configure to the required format, the file can be exported and loaded directly into your bank with all the relevant information for a BACs transfer. 

  • Direct Debit Export in bank format

 EliteFinance Accounts Receivable Modules can manage the collection and allocation of your customers direct debits. Once configured to the required format the collection file can be exported and loaded directly into your bank with all the relevant information for Direct Debit Collections. Any mis-collections can be removed from the final posting into the financial ledgers. 

  • Workflow 

 The EliteFinance Workflow engine gives the ability to setup authorisation rules for Sales and Purchase documents at multiple criteria levels. This provides management with the security that expenditure across each department can be controlled and authorised before the commercial commitment is made.

  • Account Schedules

 The EliteFinance end-user report designer allows for bespoke reporting to be configured and presented in multiple formats. Standard financial reports such as year to date comparisons, budget vs actuals can be created simply and quickly. With links directly into Excel, this is a Finance teams dream.

  • Making Tax Digital

 EliteFinance is accredited by the HMRC for Making Tax Digital, allowing you to transmit VAT reports directly to the HMRC website. 

  • Document Links

 EliteFinance allows digital documents such as purchase Invoices to be stored against associated invoice (for example) removing the need to keep paper copies, saving time in invoice processing and retrieving information at a later time.

  • Excel Integration

 EliteFinance is built on Microsoft Dynamics technology and has single click integration into the rest of the Microsoft business applications, most notable, Excel. Giving your finance teams access to the relevant and time critical information at the touch of a button.

  • Analysis by Dimension

 EliteFinance gives you the ability to analyse revenues and costs by park or department so you can easily keep control of your Profit and Loss across the whole operation.

  • Deferral Management

 EliteFinance Deferral functionality allows automatic forward posting of deferral income and costs based on user defined criteria. This removes the need to keep income in advance or accrual spreadsheets as these transactions are automatically managed by EliteFinance.

For more information, visit the EliteFinance page or get in touch with a member of the team to book a demo

 



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