Good morning from a warm and sunny Texas where the monsoons of late have abated!
I have been doing some research on accounting solutions, especially the SAGE line of products and came across an article regarding the 2015 release of SAGE 50.
For good reasons, Synchro ERP does not include financials and accounting within the core modules of the software.
(1) We are metalcasters and not accountants!
(2) We know metalcasting and it is all we do day-in and day-out!
(3) Metalcasters need a focused solution only on metalcasting.
(4) All of our energies and R&D are focused on the metalcasting sector.
(5) Precious finite resources are expended on metalcasting and not on GAAP.
(6) Accounting in the USA is not the same as accounting in Mexico, Canada, UK, Australia, Zimbabwe, and everywhere else that the software is installed.
(7) The scale of the metalcaster determines the needs of an accounting solution. Small metalcasters have a different set of needs than the medium or large metalcasters and we provide software from the smallest to the largest metalcasters.
(8) Sarbanes Oxley requires special financial solutions
(9) Payroll requires exquisite handling and is fundamental to the accounting process. Payroll varies from nation-to-nation, locale, city, state, county, and region. When evaluating a solution, insure that payroll is included in the accounting solution so that you do not have to bolt on a payroll software. Having personally supported a payroll system for years at Citation Lufkin Texas Foundries, the "issues" of 401K, child support, taxes at different levels and from different entities, electronic payment rules and transfers, 1099's, W2's, employees working in one state and living in another, etc. creates a very fluid complex situation.
(10) Fixed assets and fixed intangible assets, also known as non-current assets, for some metalcasters, is a critical piece of the financial solution. If you are needing to track the depreciation schedule of PPE to determine the book value ie. [purchase price - depreciation], insure that the financial solution of choice supports this.
(11) The world is full of financial - accounting solutions that are written, developed, and supported by the "pros from Dover" accounting and financial specialists that are up-to-date on all of the laws and nuances of GAAP. Why reinvent accounting and expend the precious finite resources on accounting when we can devote 100% to the needs of metalcasters?
(12) The metalcasting software solution that we provide metalcasters interfaces smoothly and seamlessly with financial and accounting solutions for your AP, AR, and GL transactions from sales invoicing into AR and PO receipts into AP.
(13) With Synchro ERP - have the best of class of both worlds - metalcasting specific software and your choice of a financial - accounting solution that meets your needs!
(14) Our philosophy is to focus on what we do best, metalcasting, and let the accounting-financial solutions focus on what they do best!
Until next time, see you on down the road!
Shane Allen
Head of Synchro ERP North American Operations
