Sales, Accounting, and Financial Reporting
Place sales orders, set up unique pricing models, and create intercompany transfers while accessing a multitude of financial statements beyond the classic Balance Sheets and Profit/Loss Statements that you need to run your business.
Financial Statements
Deacom has the capability to provide various financial statements, including balance sheets, income statements, and statements of cash flow. These financial statements are generated based on entries made to the general ledger and provide insights into an organization's financial health. Deacom's financial statements can be customized to meet specific reporting needs, and the system supports compliance with accounting standards such as IFRS, GAAP, and SOX. Your ERP implementation team will work with you to ensure the required accounting compliance is met, including support for SOX audit requirements.
Budgeting
Budgets are used for financial reporting purposes within Deacom ERP, are organized by fiscal years, and can contain multiple accounts. In this quick demonstration of the software, we show how you can set up and manage different budgets, import data from external sources, and drill down into individual transactions.
Cost Analysis
Deacom ERP provides three different inventory costing methods for postings: Standard, FIFO (Actual), and Average. In this demonstration of Deacom ERP, we show the various methods for identifying and understanding the full cost of a particular product.
Pricing Rules
Set up and manage different pricing rules, promotional and discount rules, and rebate rules for when you are selling products to your customers.
Multi-Company & Multi-Facility Management
With a single install, single instance, and single login, Deacom ERP software allows any type of organization to better manage its operations and financial transactions. The ERP system handles the unique, and often complex, requirements of manufacturers' financial statements that have a multi-company or multi-facility environment.
Integrated Payment Processing
With NET1 integrated into Deacom, you gain the ability to conveniently handle credit card and ACH payments directly within Deacom's sales orders or accounts receivable invoices. Additionally, you can easily credit funds back to a card through processed Deacom accounts receivable invoices. By utilizing NET1's credit card vault, you can enhance your business's security and reduce liability by securely storing sensitive payment card information offsite.
Customer Relationship Management (CRM)
Deacom’s built-in CRM provides manufacturers with the tools to keep contact details up to date, track interactions with customers, manage sales opportunities, and report on performance. You can add contact person records, link to bill-to companies or vendors, and enter orders with pre-populated data while tracking all new potential opportunities and leads with configurable contact search fields.
Direct Store Delivery (DSD)
The mobile DSD app, which is available as part of the Deacom ERP system, allows you to schedule orders, plan routes, load trucks, process orders, and manage real-time inventory data all from a single location. DSD is an ideal solution for companies with fast-moving products such as food, beverage, oil, and gas suppliers. It caters to distributors who rely on their own delivery trucks and employees, aiming to streamline their supply chain processes and is particularly beneficial for customers with high-volume deliveries during seasonal promotions. It also offers suppliers the flexibility to provide local deliveries to their customers, eliminating the need for out-of-state warehouses.
Ecommerce
The Deacom Enterprise solution has native ecommerce capabilities including the features manufacturers need to provide a seamless user experience for retailer and wholesaler transactions. This includes restricted access, customer-specific pricing, and product categories – all managed from within the single ERP solution.
For businesses using Deacom Essentials, the integration with EvolutionX offers a powerful ecommerce platform that complements the core functionalities of the system. EvolutionX provides a user-friendly interface for managing online stores, product catalogs, orders, and customer accounts, allowing businesses to expand their market reach, improve customer experiences, and streamline their operations.
Point of Sale (POS)
With the integration of a native POS system into the centralized ERP platform, businesses can achieve multiple benefits including driving data consistency through the implementation of unified pricing rules, eliminating batch processing transactions for real-time retail operations, and simplifying sales and accounting operations.
Mobile Reporting
The Deacom ERP Mobile App allows you to generate any system report or dashboard in real time, complete a sales order and save it to the main database immediately, track your sales opportunities with the CRM, and capitalize on real-time order entries through tools like MRP, the sales calendar, and production scheduling.
Sales Tax Calculations
Deacom offers native integration with the Avalara AvaTax application. AvaTax allows companies to automate intrastate sales tax calculations and auto file state taxes. The process saves companies time and ensures greater accuracy in addition to removing the need to manually keep track of the appropriate tax regions for customers and the appropriate rates.
Sales and Product Configurator
Deacom’s Product Configurator simplifies the creation of complex product configurations by automating rules-based workflows directly within the ERP system. It ensures accuracy in pricing, production, and inventory management, helping manufacturers and distributors efficiently manage customizable products without relying on external tools or custom code.
Electronic Data Interchange (EDI)
Deacom provides a highly flexible and configurable set of tools allowing companies to maximize the value of implementing EDI transactions. Receiving EDI orders from your customers makes it much easier for you to manage your internal sales order process, eliminating any mistakes, and going through the approval process internally to turn them into actual sales orders within the system. Here we demonstrate the process of receiving an EDI order and turning it into a sales order in Deacom.
FAQs
What industries does Deacom's accounting ERP software cater to?
Deacom's accounting ERP software caters to various industries, including manufacturing, process manufacturing, food and beverage, chemical, pharmaceutical, and cosmetics.
Can Deacom's accounting ERP software handle multi-company and multi-location operations?
Yes, the accounting ERP software is capable of handling multi-company and multi-location operations and allows manufacturers with complex organizational structures to efficiently manage their financial transactions and operations.
How does Deacom's accounting ERP software help streamline financial processes?
The software streamlines financial processes by providing built-in functionality for sales, accounting, and financial reporting and helps to increase efficiency and accuracy by reducing manual tasks such as sales order placement, pricing management, budgeting, cost analysis, and payment processing.
What features does Deacom's accounting ERP software offer for inventory management?
Deacom offers several features for inventory management, including inventory tracking, stock control, lot and batch tracking, catch weight management, and warehouse management. These features help optimize inventory levels, improve accuracy, and remove the burden of manual processes.
How does Deacom's accounting ERP software ensure data security and compliance?
Deacom's accounting ERP software ensures data security and compliance through various measures including:
- Supporting database-level and application-level security, allowing organizations to implement access controls and user permissions
- Enabling compliance with accounting standards such as IFRS, GAAP, and SOX
- Offering payment processing and integration with third-party applications like Avalara AvaTax for sales tax calculations, ensuring data integrity and compliance with regulations
Experience the power of Deacom's accounting ERP software
Streamline your financial processes and improve your reporting.