CLOUD FINANCIALS

Financial Management Software

Many finance leaders are struggling to contribute strategically to the business due to ageing technology, increasing regulatory burdens and skills shortages. This often leads to compromising, complacency, underperformance and undervaluation.

Finance teams need to be empowered to support and deliver business growth which is exactly why we created Cloud Financials. It’s a robust and secure financial management software, developed with 25 years of experience, to support all your finance needs – now and in the future.

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CUSTOMERS SEE UP TO
14% REDUCTION IN COSTS

CUSTOMERS SEE UP TO 14%
IMPROVEMENT IN TIME SAVINGS

73% OF CUSTOMERS CHOOSE US
TO INCREASE EFFICIENCIES

Understanding key issues

CHALLENGES

Inability to understand data

Understanding the numbers is crucial, but finance teams can spend days manipulating data to gain insight into financial performance. That’s more time on admin and less on proactive tasks.

You can't make quick decisions

Reporting and analysis takes time, which makes it difficult to help the board and CEO make decisions in a timely manner – therefore blocking your impact on business growth and success.

You can’t plan for the future

Forecasting effectively is key if finance teams are to strategically advise the business, but many struggle to understand what different scenarios could mean.

Worrying about legislation

In the past 12 months alone, the General Data Protection Regulation (GDPR) and Making Tax Digital have posed huge challenges for finance teams, fundamentally changing the way they work.

Supporting business initiatives

Without accurate, real-time data, finance chiefs are often unable to confidently advise the CEO and drive decision-making in the business.

Too much time on the numbers

The finance department is no longer about number crunching. However, due to ageing technology and outdated processes, teams often spend too much time wrapped up in these mundane tasks.

How our Financial Management Software can help you

FEATURES & BENEFITS

Frequently Asked Questions

  • How can Advanced financial management software benefit my business?

    At Advanced our customers subscribe to a service from us which stands out from the crowd. Not only do we provide first-class financial management software, which has evolved over 30 years, but we have accounting experts heading up our product development. This means we are up-to-date on the legislative and market changes that could impact your organisation. Our Customer Success Team work alongside you to make sure you are getting the best from the product and utilising every aspect of the system. We offer outstanding functionality and excellent service to ensure you continuously save time, have a clear view of cash flow and make performance your number one priority.

  • What is the advantage of using Cloud-based financial management software?

    One of the big advantages of moving to the Cloud is that you can access your system anytime, anywhere. This has proven to be critical for businesses facing the challenges of the pandemic. Utilising the Cloud also means all your data is stored safely and securely, so you don’t to have to worry about physical documents and data getting lost or misplaced. Cloud software is priced differently, allowing customers to pay a subscription fee rather than hefty upfront costs. It includes upgrades and licence fees every year, making it much more affordable and cost effective.

     

  • What is the benefit of integrated document management in financial management software?

    Processing supplier invoices is extremely time-consuming and expensive. In addition, delays in invoice processing can result in reduced supplier discounts and late payment penalties. Our software automates and streamlines the processing of supplier invoices, centralising the deposit of financial documents into a secure, easily accessible repository.

  • How secure is my data in Cloud-based financial management software?

    Cloud Financials from Advanced is based on Amazon Web Services, which is one of the most trusted Cloud platforms globally. Full disaster recovery is provided with 24/7 system availability and 99 per cent product uptime.

  • Why do I need SaaS-based financial management software?

    Moving to a Software-as-a-Service (SaaS) model means you pay one simple monthly fee for your product, support, account management and services. All upgrades and enhancements are built into the product in real time and included within your monthly subscription costs. This means you won’t be hit with any scary upgrade surprises later on down the line.

  • When is the best time to switch to Cloud-based financial management software?

    To put it bluntly, now. This year has shown that moving to the Cloud is no longer a ‘nice to have’ but a ‘must have’ for organisations who want to remain agile and access systems remotely with ease. Moving to the Cloud also has cost benefits over time, and can be a good way to reduce on-premise software spend.

"Our Advanced Financial Management Solution has helped to increase efficiency and transparency throughout the organisation."

Anh Nguyen, System Administrator

“Advanced not only managed the transition of our finance system, but continues to support us in our Cloud-first strategy. “

Julie Brown, Interim Chief Executive

Read Case study

“The Procure to Pay functionality has saved us time, by doing away with the red tape you often deal with in an organisation.”

Robert Winterton, Financial Analyst

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Dedicated Support Team

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24hr Customer Portal

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Regular Product Updates

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97% Project Delivery Score

Additional insights to help you transform

RESOURCES

  • Integrated Document Management for Finance

    Why using integrated document management within the finance department cuts costs and saves time.

    Read factsheet
    an image associated with Integrated Document Management for FinanceFactsheet
  • Cloud Financials

    Find out more about the benefits of a Cloud-based financial management solution.

    Read factsheet
    an image associated with Cloud FinancialsFactsheet
  • The digitalisation of finance

    We’ve partnered with leading finance journalist, Kevin Reed, on this piece examining the digitalisation of the finance department and what the future holds.

    Read whitepaper
    an image associated with The digitalisation of financeWhitepaper

News & Opinions

BLOG // 18-02-2020

Regulations your finance management system should follow

by Andrew Hicks, Chief Financial Officer

Regulations your finance management system should follow

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