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ease
features
design
support

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Write a Review

Description

For businesses that handle a substantial volume of transactions, a system is designed to foster seamless connections between banks and ERP systems. This approach has been shown to enhance cash flow, eradicate manual tasks, lower days sales outstanding (DSO), and boost cash visibility. By automating intricate financial tasks, it revolutionizes the finance department. Users have access to a unified hub where they can document notes, view lockbox images, eliminate deductions, and attach real-time information. The intelligent software predicts payment trends based on past performance, underscores overdue accounts, and automatically generates user-defined dunning letters. With these advancements, firms can anticipate increased efficiency in collections and a significant drop in DSO. Revenue and profits often dwindle due to the deduction process, which can be initiated by both large and small companies using specific customer codes and reasons. It allows for deduction management to be adjusted to any bank file or remittance format, facilitating quick review and approval of deductions. Additionally, users can devise reason and deduction codes directly from remittance data, irrespective of the ERP system in use. This comprehensive solution ensures that businesses can efficiently manage their financial operations and significantly reduce losses related to deductions.

Description

There is a limitless variety of payment types available, such as regular, hourly, salary, and overtime rates, with effective start and end dates for each pay rate. Payment structures can be configured to adhere to specific limits based on pay periods and year-to-date (YTD) calculations. Each employee can have an unlimited number of deductions applied, with the flexibility to set their frequency as monthly, annually, per pay period, or quarterly, while also adhering to limits based on pay periods, YTD, and lifetime deductions (LTD). The system is capable of calculating and collecting any arrears owed. Additionally, direct deposit options can be utilized for any deductions made. Retirement plans, including employer-sponsored 401K and 403B options, are fully supported, along with compliance for all federal, state, and local taxes, including Social Security and Medicare deductions. Furthermore, calculations for FUTA and state unemployment taxes are systematically managed. The platform features a table-driven definition for tracking entitlement accruals for vacation days, holidays, floaters, and other approved leaves, with automatic enrollment for employees based on qualifications determined by seniority or hire date. An extensive audit trail is maintained for all accrued benefits and the time taken related to LTD. The setup for all benefit plans, including medical, dental, and insurance, is also table-driven, ensuring that employer-paid benefits are automatically calculated and accurately reflected. This comprehensive approach ensures that both employees and employers have a clear understanding of their financial obligations and entitlements.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

Cashbook

Founded

1992

Country

Ireland

Website

www.cashbook.com

Vendor Details

Company Name

EmpowerFinancials

Country

United States

Website

www.empowerfin.com

Product Features

Accounting

Accounts Payable Yes 
Accounts Receivable Yes 
Bank Reconciliation Yes 
Billing & Invoicing Yes 
CPA Firms Yes 
Cash Management Yes 
Cryptocurrency Support No 
Expense Tracking Yes 
Fixed Asset Management No 
Fund Accounting No 
General Ledger Yes 
Government Yes 
Multi-Currency No 
Nonprofits Yes 
Payroll Management No 
Project Accounting No 
Purchase Orders Yes 
Tax Management Yes 

Banking

ATM Management No 
Compliance Tracking Yes 
Corporate Banking Yes 
Credit Card Management No 
Credit Union No 
Investment Banking No 
Multi-Branch Yes 
Online Banking No 
Private Banking No 
Retail Banking No 
Risk Management No 
Securities Management No 
Transaction Monitoring Yes 

Financial Reporting

"What If" Scenarios No 
Audit Trail No 
Balance Sheet Yes 
Cash Management Yes 
Consolidation / Roll-Up No 
Forecasting No 
General Ledger Yes 
Income Statements Yes 
Multi-Company No 
Multi-Department / Project No 
Profit / Loss Statement No 

Payment Processing

ACH Check Transactions Yes 
Bitcoin Compatible Yes 
Debit Card Support Yes 
Gift Card Management No 
Mobile Payments Yes 
Online Payments No 
POS Transactions Yes 
Receipt Printing Yes 
Recurring Billing Yes 
Signature Capture No 

Product Features

Payroll

401(k) Tracking Yes 
Attendance Management No 
Benefits Management Yes 
Check Printing Yes 
Compensation Management No 
Deductions Management Yes 
Direct Deposit Yes 
Multi-Country No 
Multi-State No 
Reporting/Analytics Yes 
Self Service Portal No 
Tax Compliance No 
Vacation / Leave Tracking No 
W-2 and 1099 Preparation Yes 
Wage Garnishment No 

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