Financial Management with Synergist

Invoices can be based on the Billing Plan, the quote, the actual costs incurred, or any other starting point. There is a wizard to take you through the steps, many of which can be defaulted to suit your process. You can see the costs related to the work being invoiced and control which are ticked off against the invoice, eg if you are just billing for the print purchase, you can leave the time unticked for the next invoice.

There is a draft approval process for an invoice and once approved, it can be checked by Finance and then sent to the client. The invoice value can be automatically allocated to sales nominal codes, using information already set up in the system if required. A posting to the agency accounts system then takes place. NB if set up in the appropriate way, it is possible to produce an invoice without keying anything at all.

Agency Account and CRM Systems for Profitability

Accounting and financial information for every organization is quite crucial and is a primary factor in decision making. Usually companies and agencies make use of account management system for effective management and record keeping. On the other hand, often agencies keep manual recordings and bookkeeping to avoid extra expense that might have caused due to third party agency account management system. However, if we compare these two scenarios of using an accounting system vs. keeping manual records then we can find it quite obvious that the cost of an accounting system is negligible against the benefits of system. Similarly, agencies which make use of management tools for their operations and clients like agency CRM (customer relationship management) system are found to be more productive and profitable because of their well-established processes and procedures of business operations and ability of escalate to standards in the industry.