help your finance team succeed
WMS123 for Finance & Accounting
Eliminate spreadsheets and the need for 3rd-Party accounting systems with a fully integrated financial solution designed for warehouse management
MISSION-DRIVEN
the most efficient financial system for 3PL business
WMS123 utilizes the power of 123 Finance, the finance and accounting solution that is a fully-integrated component of the overall ERP123 platform. 123 Finance incorporates true, fully-automated 3PL billing processes and provides comprehensive financial metrics and reporting for your 3PL. Streamline your workflow and eliminating the 3rd party accounting systems that result in duplicate data entry.
123 Finance includes a multi-divisional, 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-Warehouse
Operate multiple facilities and add or subtract facilities with ease
- Multi-Currency
Multi-currency pricing, costing with exchange rate automation
- Real-Time Data
Enjoy the decision-making benefits offered by a real-time GL
- Eliminate Period Locks
Work in multiple open periods simultaneously
- Configurable Reports
Use Chart of Accounts controls to configure statements and balance sheets
2
Accounts Receivable
- Automated Invoicing
Automated generation of invoices from Sales Order shipments & 3PL Billing data
- Delivery Automation
Deliver invoices and customer statements automatically through email
- Credit Management
Integrated with order entry to block activity on delinquent accounts
- AR Management
Detailed aging, sales, and collection reporting keeps you on top of your receivables
- Returns
Easy processing of product returns and credits
3
Accounts Payable
- Purchasing Integration
Easily generate AP from receipts against Purchase Orders
- Accruals
Automated management of accruals
- Approvals
Better manage cash flow with payment approvals and payment automation
- AP Management
Detailed AP aging, booked AP, vendor payment history
- Make Payments
Payment options include printing of cheques, posting electronic payments, or 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. 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 them to
123 Finance offers a unqiue ‘UNDO’ feature that makes corrections easy and fully traceable
WMS123 will seamlessly integrate with transportation management (TMS) systems, capturing 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. Team’s can generate labour accruals based on real-time order logging to generate labour efficiency metrics.