THE BEST WAY TO REDUCE administrative cost
123 Financials
Eliminate spreadsheets and the need for external financial systems with the rich, fully integrated 123 Financials software suite designed for warehousing
eliminate YOUR external financial system
the most efficient financial Solution for 3PL business
WMS123 leverages the powerful 123 Financial Suite which streamlines accounting workflow and supports WMS123’s automated client billing functions. It’s time to eliminate external financial platforms and get the benefits of real-time decision-support data and financial metrics.
A dramatic improvement in administrative efficiency
WMS123 Financials and WMS123 Automated 3PL Client Billing will be the most significant gain in overall efficiency that a 3PL company can achieve
Explore the functionality of 123 financials
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
Questions & answers
Take a look at some of the recent questions we have been asked. Still looking for more? Just click below to talk to a knowledgeable 123 Financials expert
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.
let's Talk About 123 Financials
WMS123 Financials replaces your current external financial solution, eliminates manual data entry, and completely automates the generation of client invoices in any 3PL or Distribution company. Looking for major gains in effeciency? You’ve found them. Click below to contact us and we’ll explain how to dramatically reduce admin costs