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In today's fast-paced business arena, enterprise resource planning has grown and advanced to include business intelligence. Thus, 81% of organizations globally have either implemented or are in the process of implementing them. Modern ERP systems use the latest technologies like Machine Learning and Artificial Intelligence to provide visibility and efficiency across every business aspect.
#FOCUS 5.5 ACCOUNTING SOFTWARE SOFTWARE#
ERP software aids an organization by integrating core business processes such as finance, sales, purchase, accounting module, etc., into a single system. Latest ERP Trends and Future PredictionĮnterprise resource planning software comprises a set of applications used by organizations to manage and simplify their day-to-day activities. From what I have heard this will be addressed in an upcoming release.9. Not being able to work in the software or view other reports if a custom report is being used. Being more educated on the settings of InFocus would have enabled more preparation of QuickBooks data that would have prevented many of the data conversion issues we had at the onset. On the other hand, not enough time and effort was put into pre-conversion groundwork. Get over it-reseller knew what we were using. The common “reason” for the conversion issues has been stated to be that we converted from QuickBooks.
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Startup proved to be much more difficult and labor intensive than presented. This eliminates the duplication of effort used in the past when staff created timesheets and expense sheets in Excel, and then the information was manually entered by accounting staff into the software. For electronic payments, InFocus has a feature which automatically creates a file of preselected AP’s which can be uploaded directly onto our banking website.īoth timesheets and expense sheets are entered by the individual staff members, and then submitted for approval. This process is completed in less than half the time it used to take. It would have been convenient to have more awareness of what was available at the onset.Īutomated invoicing makes weekly billing a snap. There are a large number of ‘extra’ reports within the software, but they are not readily seen. Once completed, the reports are quite nice. Support is excellent and very helpful (usually at no charge) at tweaking custom-designed reports. Doing so involved a steep learning curve, but once mastered, works very well and allows a great deal of customization. We do, however, have the capacity to design our own financial statements within the software. The canned financial statements met only our basic needs. Predefined settings prevent staff from entering time on projects to which they are not assigned or at incorrect rates.Ĭash basis is always as of end of month, so clients need to be aware of this. Setting up templates does take a fair amount of time, but do it once, do it right. Project set up is fast and accurate using the template feature. Project Figures or Project Central (both provide drill-downs) provide managers information at their convenience. InFocus has proven to be effective project management software. Being an engineering firm, we are very project driven.