Author: Vincent Bull in: Business Solutions
We take your responsibilities seriously at OnRamp Solutions. This means that any step to digitize a process or function of your job is always well researched. And when it comes to the financial department, this is doubly true. While building the OnRamp ERP, we were constantly consulting with any and all of our partner’s business units. What we found is that, time and again, the smallest action on the part of any one person always affected the financial team. It was always an added receipt, a corrective invoice, an updated GL account… The list was endless.
In other words, any change to process would add work to accounting. For a company that prides itself in improving productivity and efficiency, it wouldn’t do to just move productivity gains from the shop floor to added headaches in the office.
So, OnRamp got to work. With so much of the business tied to finance, we made sure to consult our partners’ accountants and comptrollers to develop an integrated accounting/ financial module that would register and update any accounting documents in real-time.
This means that OnRamp ERP automatically registers all cost changes to work orders, shipments, and purchases made in your shop. With all your accounting data in one place, the next logical step was to create a ‘brain’ that could ensure that you could minimize the number of software tools required. To do this, OnRamp ERP was created to track:
The process is as follows:
All those these transactions are created and referenced to your GL accounts, as setup on one screen. These accounts are automatically setup during your OnRamp Implementation and migration. Any gaps or holes will quickly be addressed by our veteran implementation team to ensure you can start enjoying improved accounting transparency and tracking.
The benefits that you get from this level of transaction tracking is massive. OnRamp ERP will improve your visibility in: purchasing, costing, shipping, and more.
By using the Finance/ Accounting module, any changes that are made in your production cycle are automatically received and added to your fiscal calculations. This leads to a more precise view of your expenses and any cost savings. Many of our customers have grown so accustomed to such minute financial tracking that they have begun to run weekly financials with no issue to time taken to prep and review the reports.
That does indeed mean that with OnRamp ERP, the accounting at your firm can run so well that demanding a weekly review of the financial data is easy. And all this with less staff. One of our largest customers found their accounting department cut from 6 full time staff to 1 full time and 1 part-time staff to handle all that financial data more precisely and in less time.
Added to the benefits that come from daily tracking of all your transactions that can lead to weekly financial reviews, OnRamp is 100% paperless-ready. Between EDI and Form Recognition, all your invoices, receipts, and other items can be immediately received into the system with no human interaction required.
For more information about how OnRamp ERP software can add value to your business fill in the contact form below. A member of our support team will contact you within 1 business day to discuss any questions you have.
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Our efforts began as an internal project of Mancor Industries when we identified the need for a more cohesive ERP system to manage the complexity of multiple plants, multiple products, multiple customers and multiple functions.
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