3 Major QAD Cloud Financial Features to Simplify Your Business

Posted on: September 14, 2016 | By: Craig Thompson | QAD Financials, QAD Business Process

QAD Financials

When it comes to managing your finances, it’s important to be absolutely certain that you are getting the job done correctly and on time. However, when so much business is expected to be done on the go, making time to manage and complete financial statements and reports can be difficult. Especially if you’re constantly tied down by a manual on on premise ERP system. While more dated versions of are still common, cloud based ERP systems like QAD are gaining popularity and are an excellent way to liberate your financial department and empower them to do their best work while on the go. QAD has many functional financial features that your finance team won’t want to miss out on.

Tax Management

Financial professionals now have the ability to do their tax calculations and sales-use tax compliances for multiple countries in the same database making it easier than ever to comply with tax laws and create accurate and up to date taxation records. Regional tax systems are a thing of the past, with QAD cloud ERP users are able to significantly simplify their tax management operations.

Budgeting

Creating efficient budgets is a work of art, but even the most gifted artist can’t create a masterpiece without having the right tools. For your finance team, creating budgets that you can rely on takes time.  However, QAD’s budgeting functions allow users to use a current budget, actuals, or anticipated values to establish multiple budgets based off of any what if scenario your unique business may face making reports and analysis a breeze.

Consolidations

For multi-entity organizations, streamlining monthly review processing through consolidation is extremely useful. With QAD users can get an immediate financial summary that remains flexible for subsidiaries. QAD’s consolidation process improves accuracy and efficiency while supporting dynamic reporting methods, attention to detail, the option to consolidate or aggregate results, and much more.

For more information on QAD’s financial features and how they could simplify your finance team's business, contact Logan Consulting your Chicago based QAD Partner.



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