Accounting Automation Software
Automation Centre tools save time and reduce errors from manual data entry, ensuring a single source of truth. This enables quicker decision-making with up-to-date information and frees finance members to focus on value-added activities.
Streamlined Accounting Automation for Month-End and Year-End
Finance teams shouldn't dread month and year-end accounting dates. Our advanced software automates these processes, reducing the workload and stress. Features like automated accruals and real-time bank reconciliation ensure accurate, timely financial closes, allowing teams to focus on strategic analysis and planning.
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Reviewing Accounts Payable and Receivable, Matching purchase orders to invoices is simplified.
Month-End Accruals
Automate the detection of received orders without corresponding purchase invoices, eliminating the need for time-consuming manual checks. This ensures all expenses are accurately recorded in the correct accounting periods, enhancing the accuracy of financial statements.
Bank Reconciliation
Streamline bank reconciliation with live bank feeds and automated reconciliation rules. This reduces the effort and time required to match transactions, ensuring your accounts are always up-to-date and discrepancies are quickly identified and resolved.
Foreign Currency
Automate the calculation of foreign currency balances and the impact of exchange rate fluctuations with live feeds. This feature simplifies the management of multi-currency accounts, providing real-time updates and accurate financial reporting in various currencies.
Deferred Income and Revenue Recognition
Automatically calculate and recognise revenue over specified periods, ensuring compliance with accounting standards. This functionality helps in managing deferred income and recognising revenue accurately, providing a true reflection of your financial performance.
SoMax Finance can help save your team valuable time
Book a Demo
SoMax Finance can help save your team valuable time
Book a Demo