The Business World Finance System is an integrated software system for managing your company’s accounting, human resources, and inventory processes. Its features include integrated bank accounts, multiple data import and export methods, and a comprehensive reporting system. Its General Ledger application is the backbone of the system and integrates with the other Business World applications. Whether you want to see a detailed breakdown of your customers, make a detailed comparison of sales and costs, or create custom reports, Business World can help.
This finance system provides a wealth of functionality, including sales orders, customer invoices, and budgets. It also offers advanced functionality to manage fixed assets. Moreover, it allows you to amend sales orders before approval and access the PI and Admin Project desktop reporting tools. The system is also easy to use, and it also offers guidance on managing Browsers and generating Summary Research Portfolio Reports. The University’s Finance Department is pleased with its business flexibility.
Business World’s budgeting application, Planner, is fully integrated with the Financial Management module. The application allows you to create budgets, manage expenses, and manage cash flow while maintaining the reporting ease of spreadsheets. Planner also offers powerful Microsoft Excel functions, so you can convert multiple Excel workbooks into Business World and validate data. The Procurement Management module allows you to automate purchasing processes. Its purchasing capabilities are an important part of the overall Business World package.
Requisitions are another key feature of Business World. They improve the flow of information within an organization by automating workflow processes. Users can create new requisitions via the Business World workstation or by self-service via the web. They can then initiate a product search or request for a quote. Workflow rules route requisitions for approval. Once approved, the status can be tracked online and notifications can be sent to authorized users. Purchasing also eliminates the overhead associated with managing multiple individual transactions. Once approved, purchase card transactions are automatically posted to the appropriate accounts.
Unit4 Business World supports 100% of Cash Management functionalities. Other Financial Packages software solutions offer 90% coverage. However, Unit4 Business World has a slight lead over other competitors. In terms of Accounts Payable (A/P) functionality, it covers 98% of features. Overall, this makes Unit4 Business World a viable option in the Accounts Payable domain. If you’re looking for a comprehensive system, Unit4 Business World is a viable choice.