13Apr

Manage Documents in SFM

Shireburn Financial Manager now supports document management! Documents can now be attached to accounting transactions in SFM, specifically in nominal, sales and purchase ledgers. The functionality is also extended to support attachments to the chart of accounts, clients and suppliers, as well as VAT returns and bank reconciliations.

The documentation can be opened, amended or deleted through the current viewing options available in SFM. Now, you can easily search for and view the accounting documentation, contracts and documented journals with one click. The system also supports multiple attachments to the same record.

SFM access controlled/permissions is now extended to include full management of access to the document management function. This feature aims to help users consolidate the accounting documents within SFM for easy access and retrieval, when required.

31May

Process Payments Faster with SFM SEPA Module

Over the past few years, local banks have been developing their technology to provide better security access for online banking. However, the process is becoming ever-complicated with additional steps required to set up payees and authorise the payments.

Processing payments through a bank’s internet banking portals costs you and your employees’ valuable time as they are required to set up and maintain a profile for each supplier or payee in both the accounting system as well as the online banking system. This includes manually inputting the payments one by one which then have to be authorised by the top executives either by scanning or keying-in an authorisation code for payment. Needless to say, this also increases the risk of keying errors by employees copying the data from the accounting system.

 How can the SFM SEPA Module help you?   

With the SFM SEPA module you are able to authorise all payments in one click, with access to the details, and the payment file required by your bank is automatically generated. While reducing the time required for top executives to process the payments, the payment runs are all fully audited, including the maintenance of IBAN numbers.

SFM SEPA Benefits

Interested in finding out more about the SEPA module? Our team has prepared a quick demo video for you, so you can see the full value of how it works and how easy it is to use!

Ready to start saving time and money when issuing payments?

Contact our team on: sales@shireburn.com or through our online form here.

17Dec

Minimise Bank Charges with the SFM SEPA Module

Over these last few years, a lot of effort has gone into reducing the use of cheques within the local business community and the general public.  Businesses, especially banks, have implemented systems to manage payments electronically without the need to write cheques and go through the process of deposits which requires time and effort from employees.

Today, banks are providing better security to access your account balances and are rolling out reduced charges to process payments straight on their systems as opposed to cheque issuance. Payment of a few hundred euros will now cost €0.15, less than a postage stamp! On the other hand, banks are looking at increasing the rates to process your cheques, which could cost you €2 per cheque with the banks’ new terms and conditions.

However, processing payments through internet banking portals still costs your employees’ time:

  • You require to setup a profile for each supplier to maintain the IBAN number.
  • Each payment amount, after being updated in your accounting system, needs to be entered again into the bank’s system and double-checked to confirm that amounts are correct.
  • Top executives will require time to scan or key in the authorisation code for each individual payment.

How can the SFM SEPA Module help you?

The SFM SEPA Module offers a flexible approach to processing both local and foreign payments, with an easy choice of payment methods available upon posting, from SEPA to bank transfer or cheque.

How SFM's SEPA Module can help you minimize bank charges

Our team has also prepared a demo video for you, so you can get a better understanding of how our SEPA module works – and how easy it is to use! Check it out below.

Ready to start saving time and money when issuing payments?

Contact our team on: sales@shireburn.com or through our online form here.