Health care industry especially Medical Instruments and Drug suppliers requires a comprehensive accounting system that tracks expenses, raw materials and finished products while supporting a complex business structure.
Health care industry majorly work in a parent-child company model which is based on the parent corporation spinning off separate product-specific companies to develop and market applications for formulations owned by the parent.
To address this complexity, medical instruments and drug suppliers require an accounting solution that should roll up individual subsidiary company general ledgers into a single general ledger for the parent corporation. Sometimes subsidiaries may be based in other countries; companies require converting currencies when rolling the general ledger of an international subsidiary into the parent company’s general ledger.
Sage ACCPAC ERP provided online, real-time access to operational data, multicurrency support, quick, Easy access to a wide range of reports and the flexibility to track expenses using multiple accounting charts.
Sage ACCPAC ERP’s General Ledger allows you to designate an account as a rollup account and create multiple levels of account relationships. Rollup accounts can optionally be printed on many reports. Also controlling accessibility of your general ledger accounts helps you maintain clean and accurate accounts, while minimizing time-consuming adjustments. Simply select the “Use G/L Security” on the G/L Options form, and the Account Permissions icon will allow you to assign account permissions to individual users. By assigning permissions, you can control which accounts Sage Accpac users can view and work with to minimize the risk of unauthorized activity.
By reducing number-crunching tasks, Sage Accpac provides the accounting team more time to complete the in-depth financial analyses critical to ensuring the success of its companies. At the same time, automated tracking of financial and production data gives the account heads the financial information they need.
Keeping the track details of the various categories of expenses along with the sub categories is easy with Sage ACCPAC ERP. Sage Accpac establish prices that reflect changing overhead conditions while preserving the margins the medical traders need to succeed. With an organizations growth vision Sage Accpac has the flexibility and the options to develop along with the firm and cater to it growing needs.
To know more on how Sage ACCPAC ERP and Sage solutions can help you increase trading and distribution of the medical supplies Read More
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