Financial and Account Management

TECSYS delivers complete financial control—full integration with real-time information and extensive reporting for effective administration, all designed with the 3PL business model in mind.

Business Benefits

• Increased profitability: optimize your profits by tightly customizing your pricing model.
• Reduced overheads: reduce your operating workload by automating your billing process; ensure consistency by verifying input and transactional parameters through error checking mechanisms.
• Capital management and profit predictability: use a detailed knowledge of costs and unparalleled control of profits to stretch your limited capital, and ensure you have predictable profits every month.
• Enhanced customer satisfaction: increase customer loyalty by highlighting all the value-added services you provide; fine-tune your discount and billing structure for preferred customers.
• New revenue generation: identify new sources of revenue, and ensure you can profit from them, using sophisticated views of operational cost margins.
• Contract management: measure contract performance by examining profits and losses across categories, such as customer and time.
• Performance management: unprecedented visibility and accuracy forces operational accountability and empowers performance management and benchmarking, all driven from the bottom line.
• Financial management: a flexible financial solution that adapts to your specific business, giving you the tools required for optimal financial control.
• Know your business: comprehensive Management Reporting and Management by Exception.
• Increase your responsiveness: anticipate trouble areas and act to avoid potential problems.

Key Capabilities

• Activity-based billing management according to each client's distinct attributes
• Multi-site and multi-division cost accounting support
• Flexible tools to easily create complex contractual rules
• Complex billing methods, such as bill by volume, activity, time and unit are simple to set up and maintain
• Value added services are highlighted and billed appropriatly to each customer and service
• Capture all facets of billing as each transaction occurs ensuring key costs associated with a transaction are captured and billed.
• Fully customizable to capture and track recurring expense, including monthly minimums, storage and other user-configurable categories.
• Customer profitability
• Account activity statistics
• Average days to pay information and payment history
• G/L distribution
• Audit trails
• Flexible period posting