Your business has grown and evolved into a true multi-entity organization. More than just multiple locations, we’re talking multiple companies, divisions and time zones. You’ve got a lot to manage.
Right now you have probably setup multiple databases, one for each company, and are spending more time jumping in and out of each database just to record items like shared expenses. What about month end consolidations? Bring out the spreadsheets! Let’s not talk about efficiency.
You’ve already acknowledged that you need a system that not only grows with you, but operates efficiently from one entity to another. Consider a cloud based solution like Gravity Software® (Gravity). Gravity’s advanced feature allows multiple entities to reside in one database. In doing so, the benefits are nearly exponential, as your newly structured solution will render…
Virtually, unlimited self-balancing entities in one database
The ability to share master files
Ability to create one entry to share expenses
The ability to report on consolidated information
The ability to create more efficiencies among inter-entity transactions.
By consolidating the data from multiple entities into one cloud based solution, you’re overcoming multiple hurdles simultaneously. Just think of it:
Fewer Mistakes: Free your staff to focus on value-added analysis by automating consolidations and other accounting processes.
Easy Navigation: No more logging in and out of one entity’s database to another. Instead, switching entities is as easy as navigating and clicking on a drop down menu and choosing the desired location.
Simplify Shared Expenses: Enter a transaction one time, keeping your Due To and Due From accounts balanced. No more double entry in two separate accounts! That’s right: you no longer have to go in and out of databases to record each side of a transaction. One transaction. One entry. Done.
Improved Visibility: Get a snapshot of any single entity at any level, any time. Or, just as easily see how you’re doing across multiple divisions and levels. You can run a report like an Aged Accounts Receivable Trial Balance for one company, multiple or all companies. No more having to look in five places to see what a customer owes your organization.
Security and Accessibility: Easy establishment of varying levels of security, parameters and accessibility. Determine who can see what with one click.
And much more!
Not only is navigating from entity to another super easy, setting them up and editing is also a breeze. With just a few clicks, Gravity’s Configuration Wizard can help you can add a new entity, or edit an existing one, and even establish the relationship of an entity as it relates to others.
Establishing privacy and determining accessibility also extends to a whole entity. You can easily limit who has access to each company and what their role is for that company. Sharing master files like vendors adds even more efficiency. For example, if your vendor is Spacely Sprockets, you can decide if you want to share this vendor’s information with every entity, one entity, or anywhere in between. It’s entirely up to you.
Gravity Software's cloud accounting solution is written on the Microsoft Power Platform (aka Dynamics 365). An open platform that hosts over 5 million users world. Businesses have the distinct advantage to choose and pick which modules they want.
If your company has multiple entities, you’re probably spending a lot of time with duplicate data entry and manually consolidating information. What about the costs to manage each database? And the software licensing costs? Upgrade your system to Gravity so you can reduce costs, be more effective and efficient in the work that you do so you can make better informed decisions. Learn more and schedule your online demo today. Just say GO!
Gravity Software
Better. Smarter. Accounting.