Integrated Financials

New Ideas on integrating Financial Management

Integrated financials or integration to your financials

The choice is yours! For a large % of our customers, our integrated financials are a significant part of their reason for system selection reducing double entry and taking advantage of our rental-industry specific financial features. For some of our customers, it is our full SOA platform which allows them to integrate to their own corporate financials system such as SAP and Oracle which is the important factor. Either way rentalresult can support your business needs

rentalresult offers a number of key features for financial management

fully integrated financials

Every application within rentalresult is fully integrated into the AR, AP and GL. Whether you are buying new inventory or fleet, or renting a piece of equipment your postings and your financial events will be passed through into our integrated financials. From within the GL you can drill right down to the asset, the saleperson and the transaction which generated a posting. From the AR you can go straight from an invoice to the contract and all its associated documents so that if a customer is complaining about a bill you can see whether the assets broke down or the delivery was late without having to call your branch manager.

job or project costing

If you work on large projects or your customers work on large projects then the project or job costing functions of the rentalresult application may be what you are looking for. Designed to assist construction companies, crane companies and other business who work on long term job sites and may need to record project and task or WBS codes down to the lines of their rental contracts, purchase orders, sales, work orders, equipment transfers, even GL journals etc the project costing functions track revenue and cost into every GL transaction. Fundamentally this means you have not just a standard GL, but also a GL that you can slice and dice by Project. This means you can create true profitability by job or project reports for everything that you do.

integrated asset register and inventory control

the rentalresult application has been designed to provide a full asset register including the ability to manage depreciation, revaluation, componentization and disposal and acquisition of equipment. To allow for businesses trading across multiple tax authorities or governments the system also allows you to run multiple parallel asset registers to ensure that you can report appropriately to local government bodies whilst still maintaining your corporate depreciation policies for corporate reporting. In addition the system has a full inventory control application to manage everything from fixed assets to parts and sales items ensuring that you have a complete picture of the costs tied up in your inventory and asset register at all times.

automated rental accruals and future revenue management

For businesses that end up with outstanding rental charges for equpment on rent across a month end which has not yet been billed, the system can generate automated accruals to ensure your financial systems are always up to date. From a future revenue point of view, if you bill in advance then we can configure the system to automatically recognize your revenue in the correct financial periods to ensure your books are always accurate.

SOA platform for financial integration

For customers needing to link to existing corporate financial systems our SOA platform offers the ideal place to begin an integration exercise. As SAP’s rental partner and with multiple integrations in place for both SAP and Oracle at customers in both Europe and North America we have considerable experience in tailoring our SOA platform to suit your integration needs whether that simply means using existing interfaces or building new ones to suit your particular configuration of your corporate financials or your specific business needs.