Slingshot's Accounts Payable module helps you stay on top of your obligations to creditors, their timely payment and reporting against your cash position.
Efficiency for Your Team
Accounts Payable enables you to forecast your cash requirements, know your cash position at all times and streamline invoice entry to the point where every status notification for every creditor is automated. Rapid entry routines make for reduced processing times and shorter month end tie-outs.
Slingshot’s Accounts Payable application includes (but are not limited to…):
Rule-based check runs save you time. Check selection criteria are set on a single form and the checks themselves are generated using Crystal reports - secure, branded and accurate, every time
Automatic 1099 accounting allows the identification of income type, enabling you to generate 1099 forms (or electronic file) in standard IRS format
Electronic cash disbursement eliminates payment printing and mailing costs. All processing is encrypted and complies with American Banking Association standards for secure EFT. Credit card payments are also supported
Eliminate “snail mail” delays with electronic invoice approval
Intuitive data entry routines/tools speed voucher processing
Electronic invoice receipt, dispatch and matching all allow you to control cash flow in real time, eliminating time-lag between goods dispatch and invoicing
Automated invoice matching saves time and eliminates errors
Drill through financial transaction scrutiny allows your accounts team to report on what happened at every step of every transaction
Automated voucher processing and cash application routines reduce your administrative overhead (with manual overrides always available as a backup)
This list goes on and on. Slingshot products have been meeting business needs like yours for over 30 years.
Manage Your Business, Your Way
Breathe easy with role based security and audit controls to ensure your compliance with all regulations and protection of your financial data
Automate on-line approvals for payables items with secure and simple workflows
Configure alerts to eliminate the need to manually scan reports for signs of financial trouble
Flexible supplier and customer definition enables maintenance of multiple bill-to and ship-to dettails.
ACCOUNTS RECEIVABLE
Slingshot’s Accounts Receivable module automates credit management, provides visual prompts about your cash position and provides a number of collections tools to help you stay on top of debtor processing.
Know Where You Money Is
Slingshot’s Accounts Receivable module helps you manage credit, know your cash position and deploy any number of collections tools to stay on top of debtor processing. Automated on-line dispatch of invoices (on-ship of goods) eliminates cash latency. Your accounting department will know where your money is and will be able to get it in quickly – really quickly.
Some Features for Your Team to Consider:
Electronic Cash Application (Auto-Cash) functionality takes your team to the next level of efficiency; now they can deal with exceptions only, not the total list of cash receipts.
The automatic collector action speeds processing and shows you real time credit statistics to support your decision making.
Supplier payment statistics quickly reveal trouble spots. A quick look at average days to pay versus due date can tell you important information about each supplier. (This works for customers too by the way!).
Drill through financial transaction scrutiny allows your accounts team to report on what happened at every step of every transaction
Role based security simplifies user interfaces, minimizes training requirements and maximizes data entry accuracy.
Electronic invoice receipt, dispatch and matching all allow you to control cash flow in real time, eliminating time-lag between goods dispatch and invoicing
Configure alerts to eliminate the need to manually scan reports for signs of financial trouble
And Now for Some Benefits:
Real time decision support information is at your fingertips: Slingshot’s advanced financial management modules provide full visibility of business transactions to those who need it, when they need it, wherever they need it.
Enjoy having access to real time financial information that will help you and your accounting team make better decisions, more quickly.
GENERAL LEDGER
Slingshot's General Ledger automates monthly processing, puts real time financial information at your fingertips and ensures compliance to new and changed regulations. This functionality combines with integrated reporting tools ensures the accounting and financial requirements of your business are always in control.
The Three “Fs” of Financials: Flexible, Flexible and Flexible
Automate your accounting processes to accurately record and report on financial transactions for your business. Breeze through your next audit with minimum disruption to your accounting department.
Have It Your Way
Infinitely flexible: An intuitive hierarchy structure supports multiple roll ups and segments for financial reporting, transaction scrutiny and budgeting purposes
Multiple transaction entry methods improve the efficiency of your accounting team. Intuitive default entries can be configured to minimize key-strokes, speed data entry and maximize accuracy of all financial transactions
User Defined Journals enable your accounting team to drill into the entry and supporting details of any transaction
Manage multiple companies and currencies using “control” elements, a simple way of tracking transactions back to a base currency and language
Manage multiple live and baseline budgets supported by a full audit trail.
Fixed and variable allocation formulas can be configured to send standard overheads to selected accounts
Quickly reconcile bank accounts by entering cleared check numbers and checking off cleared deposits
Financial period control is fully configurable to match your company’s accounting year.
Drill through financial transaction scrutiny allows your accounts team to report on what happened at every step of every transaction
Configure alerts to eliminate the need to manually scan reports for signs of financial trouble
Real Time Decision Support Information at Your Fingertips
Slingshot’s advanced financial management modules provide full visibility of business transactions to those who need it, when they need it, wherever they need it. Enjoy having access to real time financial information that will help you and your accounting team make better decisions, more quickly.
Recommended Reading
The functional features common across all of our applications are listed in a separate module. Features such as automated alerts, role based security, a user configurable dashboard and workflows are included as standard in all our modules. You can learn more about them here: Enterprise Level Features
