AccountsIQ is designed for medium-size businesses to automate consolidation, manage budgets, audit accounts, complete digital VAT returns, and monitor cash flow. It is designed specifically for business environments where multiple entities need to share a common platform.
AccountsIQ helps clients to create a much more streamlined, better-controlled and more effective finance team. The back-office processes are efficient, and the enhanced reporting provides deeper and richer insights into business performance. The structure of the coding framework (6 dimensions and 3 tier GL) means that AccountsIQ is extremely flexible and saves a huge amount of time when preparing external financial reports. Adding entities is easy as you simply replicate the original model for each new subsidiary and provides significant time-saving for group companies.
AccountsIQ can be integrated easily with other business systems such as electronic document management, CRM and property management systems. These integrations save time and reduce the risk of human error.
AccountsIQ also synchs batch payments with online banking, which reduces duplication of work and there are a multitude of automation tools to help increase efficiency.
AccountsIQ’s consolidation module makes it easy to consolidate multiple subsidiaries, manage complex ownership, handle foreign currency, centrally control exchange rates, and simplify intercompany recharging.
