Organisations which have legal entities in multiple locations may encounter difficulties in optimising operational efficiencies and control within their various branches. Branch Accounting simplifies and streamlines business processes and transactions between these entities. Allowing for bi-directional synchronisation and consolidation of data, information can now be shared, consolidated and saved on both the centralised system at head office as well as at branch level, ensuring all financial, inventory and pricing data is always up-to-date and consistent across branches.
Product prices can be changed at head office level and automatically pushed to all branches. Branch Accounting includes the ability to transact at local level even if a connection or virtual private network becomes unavailable. In addition, any potential loss of data due to fire or theft will be kept to a minimum, as regular consolidation and replication will house data at head office over and above any off-site backup processes. Data for a particular branch can be restored and sent to the relevant branch within hours of the loss.
Branch Accounting will assist to increase productivity as a result of simplified transactions, and minimise potential errors with once-off data capturing. Full visibility is provided into business activities with the complete audit trail, which details transaction histories for the head office per branch.
Main features of Sage Evolution Branch Accounting:
• Centralised and Decentralised Accounting.
• Document numbers and transaction types per branch.
• Ability to merge data to the head office database.
• Reports consolidated by branch at the head office.
• Global and local Customers and Suppliers.
• File Transfer Protocol (FTP) as a communication protocol.