Distribution Management in a Warehouse for Hardgoods

Financial Management

Durable Goods

VAI’s Financial Management empowers businesses to achieve financial clarity and optimize resource utilization. This comprehensive solution provides a centralized platform to manage all your income, expenses, and assets, while maximizing profits and maintaining a healthy cash flow.

Key Features:

Accounts Receivable

  • Gain real-time insights into customer aging, outstanding balances, and potential collection issues
  • Generate and send invoices electronically, eliminating manual processes and delays
  • Automate collection workflows, send overdue payment reminders, and track collection activities effortlessly
  • Includes real-time insights into outstanding balances by customer, identify potential credit risks, and prioritize collections efforts

Accounts Payable

  • Maintain complete control over your expenditures with automated workflows and detailed reporting
  • Centralize vendor information, manage payment terms, and automate the approval process for payments
  • Gain insights into spending trends, identify cost-saving opportunities, and make informed financial decisions

General Ledger

  • The core of your financial system, general ledger provides powerful tools for departmental accounting, journal entries, audit trails, and custom financial statement generation
  • Track and analyze financial performance by department, division, location, and company, allowing for better resource allocation and cost control
  • Easily record financial transactions, maintain accurate ledgers, and ensure data integrity
  • Maintain a complete record of all financial activity for improved transparency and compliance
  • Generate financial reports tailored to your specific needs and reporting requirements

Fixed Assets

  • Track and manage your entire fixed asset lifecycle, from acquisition to disposal. Automate depreciation calculations and gain valuable insights for informed decision-making
  • Maintain a comprehensive inventory of all fixed assets, including detailed information on acquisition costs, depreciation schedules, and maintenance history
  • Ensure accurate depreciation calculations for all asset classes, in compliance with accounting standards
  • Generate detailed reports on depreciation expenses, allowing for better financial planning and budgeting
  • Streamline the process of asset disposal, track salvage values, and maintain accurate financial records

Multi-Company/Multi-Currency Support

  • Support for multiple locations, multiple companies (separate tax entities), and multiple currencies
  • Establish parent-child company relationships and roll up financials for streamlined reporting

Rebates and Allowances

VAI’s Rebates and Allowances is a powerful application designed to streamline the tracking and management of both customer and vendor rebates, promotions, and allowances within your business. This real-time solution ensures you never miss out on valuable financial opportunities and simplifies complex rebate and allowance processes.

Vendor Rebates

  • Automate the tracking of vendor rebates based on your purchase history. Gain real-time insights into your potential rebate earnings and ensure you receive all the credits you deserve from your suppliers
  • Reduce manual data entry and streamline the process of claiming rebates, leading to faster credit memo generation for your Accounts Payable department

Customer Rebates/Allowances

  • Efficiently manage customer rebates based on sales
  • Easily provide allowances from promotional agreements
  • The system automatically accrues customer rebates, ensuring you maintain accurate financial records and avoid potential cash flow issues