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Accounting

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ACCOUNTING
Prevent errors and improve accuracy with access to and control of your accounts and financial information.
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“Day in and day out, your tax accountant can make or lose you more money than any single person in your life, with the possible exception of your kids”
– Harvey Mackay

SyteLine (CloudSuite Industrial) General Ledger

  • Full G/L drill down to source documents for speed and ease of research
  • Control your chart of accounts across your enterprise for consistent reporting
  • Statistical accounts supporting your analysis tools
  • Ability to define control accounts to prevent manual overrides
  • Create recurring journals, reversal journals and automatic allocations based on rules you specify simplifying month end procedures
  • Account class to automatically feed reporting
  • Multi-site transfer accounting automates inter-company financial transactions and inter-company financial consolidation
  • Excel Financial Report Writer for ease of reporting
  • Unlimited user-defined dimensions supporting your Business Intelligence
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Accounts Payable

Streamline and simplify the critical daily tasks that make sound financial management possible with:

  • Centralized AP payments for better financial control
  • Create vouchers automatically through POs/receipts matching for improved accuracy
  • Vendor and voucher hold
  • EFT with remittance advice
  • Multi-currencies within a single vendor
  • Track 1099 vendors and payments
  • Assign default vendor G/L accounts for better expense management
  • Write checks “on the fly” in support of immediate payment of invoices
  • Support positive pay to prevent fraud

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Accounts Receivable

Obtain the accurate, real-time information you need to make immediate decisions about extending credit limits, collections, and managing a key component of your cash flow. Features include:

  • Centralized or decentralized AR cash receipts across multiple sites
  • Consolidated invoicing by period or group of shipments to support international transactions
  • Adjustment invoices to override order entry errors
  • Credit management including customer and order holds for increased collection control
  • Manage surcharges on volatile material content
  • Supports complex invoicing terms e.g. 30% in 30 days; 30% in 60 days; 40% in 90 days and aging reports based on terms
  • Supports Three-tier customers (bill-to, sold-to, ship-to)
  • Tools to produce pre-defined dunning letters for collections
  • Finance charges
  • Multi-currency
  • Multi-lingual invoices, credit memos and statements
  • Generate credit memos from returns
  • Import electronic payments from bank files
  • Chargeback processing
  • Sortable, filterable with drill-down AR aging
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Multi-currency

  • Prevent storage of unused assets with cradle-to grave asset management including parent/child relationships
  • User-defined asset numbers for ease of asset management
  • Unlimited number of asset classes
  • Comprehensive asset definition
  • Seven predefined depreciation methods
  • Multiple depreciation schedules for each fixed asset
  • Partial depreciation
  • Link to POs
  • G/L interface
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CloudSuite Tax Interface (Cloud supports AvaTax Only)

Infor SyteLine (CloudSuite Industrial) Tax Interface performs all aspects of the tax compliance process, including

  • Billing
  • Collections
  • Remittance
  • Audit trail maintenance

CloudSuite Tax Interface provides a seamless interface between SyteLine (CloudSuite Industrial) and tax management systems from AvaTax, Taxware, Vertex, and Quantum. These tax management systems and the CloudSuite Tax Interface work together to:

  • Streamline the sales tax compliance process
  • Reduce administrative costs,
  • Improve customer satisfaction and
  • Minimize compliance risks.
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SytePlan

  • Plan/Budget Definition and Detail
  • Annual Operating Plan Workbench
  • Master Report
  • Current Month Analysis
  • Last Month Analysis
  • Historical Forecasts
  • Forecast Stagger Chart
  • Supply-Demand Weekly Summary
  • Monthly Analysis Report
  • Customer On-Time Delivery Analysis
  • On-Time Delivery Detail
  • Rough Cut Capacity Analysis
  • Inventory Turns Analysis
  • Gross Margin Analysis
  • Vendor Performance Analysis

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Avalara AvaTax

With real-time rate calculation and automatic return filing, AvaTax is the go-to solution for businesses of all types and sizes. AvaTax works with the software you already use — from ERP or accounting systems, to your eCommerce platform. AvaTax not only works with SyteLine, but also with any other software that you use.

No more manually entering data or uploading rate tables and tax information! AvaTax works in the cloud, giving you a hands-free and worry-free way to manage compliance. No other sales tax automation software comes close to providing the superior features and peace of mind of AvaTax.

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As with cost, implementation time is also dependent on the same factors mentioned above. LogicData offers multiple implementation methodologies that can be adapted to your specific needs and resource availability. Considering a very basic implementation of just the core functionality of SyteLine, and employing a LogicData managed implementation approach, time to value can be achieved in as little as 3-4 months. A full implementation of all core SyteLine functionality utilizing a standard implementation approach, and assuming full client resource availability, can generally be completed in 6 to 8 months. To determine the best implementation methodology and timeline estimate for your specific situation, please contact us.

The cost of software and implementation will vary based on many factors such as user count, functionality requirements, deployment, implementation methodology, customization, data conversion, integration, and internal resources. However, for a basic configuration of SyteLine annual subscription pricing can begin at approximately $18,000 annually for a minimum of 10 users or a one-time cost of $20,000 plus annual maintenance for a minimum of 5 users in an on-premise deployment. A primarily self-directed implementation of such a basic configuration, although not recommended, can likely be achieved for approximately $30,000. LogicData recommends our standard “train-the-trainer” implementation approach which is estimated to start at roughly $65,000 for a basic implementation. For further information on pricing specific to your needs, please contact us.