THE BEST WAY TO REDUCE administrative cost
WMS123 Finance & Accounting
Eliminate spreadsheets and the need for external financial systems with the fully integrated WMS123 financial modules
eliminate external financial systems
the most efficient financial Solution
for 3PL business
WMS123 in fully integrated with the powerful ERP123 Finance module which supports automated billing for you 3PL clients, streamline workflow and eliminating the external accounting systems and manual data entry. Get the decision-support benefits of real-time financial metrics and reporting while dramatically improving the efficiency of your finance department.
Features include:The
– Multi-divisional, multi-entity support
multi-currency General Ledger suitable for any warehousing or distribution business with unique 3PL capabilities such as abour accruals based on real-time data logging from the warehouse floor, providing a true measurement of labour consumption and efficiency.
Explore The Features of 123 Finance
1
General Ledger
- Multi-Entity
Supports multiple warehouse facilities and business divisions under a single financial umbrella
- Multi-Currency
Multi-currency pricing and costing with exchange rate automation
- Flexible Chart of Accounts
Easily customize your Chart of Accounts and financial statements
- No Period End Locks
Work in multiple open periods simultaneously with no period end locking
- Real-Time Statements
Enjoy the decision-making benefits offered by real-time financial data
2
Accounts Receivable
- Automated 3PL Invoicing
Generate invoices for both 3PL and distribution clients with the touch of a button
- Automated Delivery
Deliver invoices and account statements automatically via email
- Credit Management
Integrated with order entry to flag or block orders from overdue accounts
- AR Management
Detailed aging, sales, and collection reporting keeps you on top of your receivables
- Returns
Easy processing of product returns and associated credits
3
Accounts Payable
- Purchasing Integration
Easily generate AP vouchers from receipts against Purchase Orders
- Accruals
Automated creation and reversal of vendor accruals as vouchers are created
- Payment Approvals
Improve cash flow management with payment approvals and payment controls
- AP Management
Detailed AP aging, booked AP, and vendor payment history for optimal control over your AP
- Make Payments
Payment options include printing of cheques, posting electronic payments, and EFT
You ask, we answer
Take a look at some of the recent questions we have been asked. Still looking for more information? Feel free to get in touch and our team of experts will reach out in under 24 hours.
WMS123 contains a wide variety of automated billing functionality that covers everything the typical 3PL business needs. We recommend checking out our resource page: 3PL Auto-Bill
WMS123 contains a flexible, user-configurable Chart of Accounts with unlimited levels and groupings that allow you to easily configure financial reports so they look the way you want
123 Finance offers our unique UNDO feature that makes corrections easy, efficient, and fully traceable
With an integrated TMS, WMS123 will capture freight charges for each order and charge them back to the client on either a markup or flat-rate basis.
No. Our system completely eliminates the need for any 3rd party financial system.
Yes. WMS123 provides real-time financial data based on rea-time data logging on the warehouse floor to generate a wide-variety of reporting and metrics.