Full Functioning Accounting
- Bizztec's feature rich software is user friendly and intuitive. It has all the functionality of the leading traditional accounting software available; and much more. Above all it has been developed specifically for the Internet. The software’s ability to seamlessly integrate with other applications facilitates the movement of data to and from the database remotely and automatically, 24 hours per day.
Consumer Tax
- Bizztec has been designed to automatically calculate consumer taxes on sales and purchases.
- It's unique consumer tax function allows you to preset all taxes that apply to the region in which you do business - wherever in the world that might be.
- Simply set your tax details and percentages on setup and the system will automatically calculate your applicable taxes on all the forms and reports.
Foreign Currency
- The international marketplace has never been stronger, and the Internet is making that huge market more accessible to even the smallest enterprises. Companies with Web sites suddenly find prospects from halfway around the world can order their products as easily as a customer down the street. Businesses that have never dealt with any currency other than (for example) U.S. dollar are finding they must contend with pounds and rubles and yen and Euros, and for the first time they must consider the need for accounting software that supports foreign currency transactions and reporting.
- Enter, process and report on business and accounting tasks in foreign currencies
- Automatically perform foreign currency accounting and conversions to Home currency - in real-time!
- Deal in an unlimited number of multi-currencies simultaneously
- Create sales receipts, invoices, credit memos, estimates, purchase orders and sales orders in other currencies
- Enter and pay bills from foreign vendors
- Automatically calculate foreign exchange gains/losses and process accounting entries - no manual intervention required
- System automatically updates currencies at predetermined times
- Activity Log tracks changes made to exchange rates or currency details
- Foreign exchange movements and fluctuations are recorded in detailed reports
Purchase Order Management
- The system automatically generates an Online Purchase Order when minimum inventory levels are reached.
- Before the purchase order is executed, predetermined managerial authorization is required to ensure financial control compliance.
- Purchase Order Processing with automatic data capture software enables enormous savings in time and money.
- Automated purchase order processing reduces human errors to a minimum. Therefore the data quality of purchase order processing also increases.
- Supports regulatory compliance by implementing internal controls and clear accountability.
- Provides evidence of effective controls by reports generated in real time.
- Efficient- expedites the execution of the work through email alerts.
Sales Order Management
- Business performance depends on how well a company manages its internal sales processes.
- Companies with effective sales process management are able to analyze key performance indicators and monitor the efficiency of day-to-day activities and employees against operational targets.
- Traditionally, most sales orders arrive via fax, and processing these can be a costly, manual and time-consuming process. Bizztec’s sales orders are delivered electronically by our customer’s online orders in real-time.
- Because Sales Orders arrive electronically no key strokes are required therefore response time is faster and human error is minimized.
- The process of the Internet based electronic order also makes strides towards future sustainability because it is a lot more cost effective and environmentally friendly.
Inventory Management & Product Costing
- Inventory management software helps you identify inventory requirements, set targets, and report actual and projected inventory status. Many companies suffer from poor inventory control which leads to inefficiency and wasted capital expenditures on products that sit on the shelf. With the right software and techniques, you can optimize your inventory levels, eliminate stock-outs, increase sales, and squeeze the most out of your supply chain. Bizztec provides a real time, interactive picture of how inventory flows through your organization and is fully integrated with the accounting system to provide you with a ‘big picture’ view of your business- in real-time.
- Bizztec's fully integrated Inventory and Product Costing module keeps you on top of your Inventory and Gross Margins per product.
- Maintain an accurate inventory of all products, prices and period ending totals
- Simple and easy method to accurately costing your products
- Automatically update all your product costs as product prices change
- Automatically calculates cost when product is sold and adjusts inventory in real-time
- Print easy to read product construction sheets for every price list item with instructions and other information important to managers and staff
- Calculate the product cost percentage and gross margin of each item on your price list as well as the averages for each price list category
- Determine the "theoretical product cost" based on how many of each item you sell.
Report Writer
- Easily create your own reports within minutes
- Simply export the required data to MS Excel directly from within Bizztec
- Create your report and upload it back into Bizztec to be viewed within the system as a fully integrated report - anywhere, anytime
- It is very easy to use and is a valuable tool which enables you to compile detailed customized reports and graphs simply by the click of a button
- No specific accounting or IT knowledge required
- There are no limitations. Use your MS Excel skills and get creative!!
Consolidation
- Financial consolidation of financial data – Bizztec provides a fully integrated, real-time consolidated view for your overall company. With this option, your company’s management team is able to see up-to-date financial performance by division, or on a mouse-click, a consolidated view. Bizztec makes it easy to provide side-by-side analysis of each division’s performance on-line and promotes answering of ad-hoc queries.
- The multi-entity business structure flexibility will result in your company’s ability to act proactively based on the key performance indicators suggested by each division. This flexible view will make it easier for your company to focus on business strategy and face the demands of your constant evolving industry. This totally new view of your business components will promote a sense of competitive advantage.
- With Bizztec's fully integrated, real-time consolidated view for your overall company, no matter how geographically dispersed it is, you will be able to:
- Visualize information for analysis and decision support across all business units
- Reduce the amount of time required to affect proactive changes to business processes
- Effectively share data across the Company
- Deliver both de-centralized performance reporting AND consolidated fiscal performance information on demand
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Budgeting
- If you can visualize the impact of your next move before you commit to it and are agile enough to act decisively, you can outperform your peers.
- Bizztec's planning and consolidation software improves your performance.
- Plan and budget in real-time with dynamic plans that provide real-time feedback to everyone who is part of the process.
- Secure a single, accurate view of key information by consolidating multiple diverse ledgers into a single, common chart-of-accounts structure.
- Make adjustments as necessary with flexible plans and rolling forecasts that let you realign as events occur rather than annual budgets that are out of date as soon as they're printed.
- Engage all necessary participants with inclusive plans that improve buy-in, rather than the pain of multiple, unlinked spreadsheets.
- Communicate plans through out the business and with external partners as necessary to keep everyone on the same page.
- Bizztec offers the complete range of software to let you create plans, forecasts and budgets, and consolidate and report on finances.
- Create plans and budgets - Build consistent, interconnected business models. Access current data to assess fiscal performance. Proceed from the "what-is" to evaluate the "what-if" scenarios critical for future success. Extend the planning solution outside Finance so those who see changing business conditions first in the operations of the enterprise are engaged and connected. Ensure the best view of enterprise performance
- Consolidate and report financials - Secure a single, accurate, corporate view of key information. Reduce consolidation, close, and reporting cycles by days or weeks. Support better planning and forecasting with a single version of financial fact.
Daily Scheduler
- Bizztec combines scheduling power and application control with its detailed daily scheduler which integrates seamlessly with the accounting system and links to functions being scheduled.
- The Daily Scheduler is multi-user. It gives you the freedom to schedule all your accounting functions to be accessed by all authorized users - anywhere, anytime
- This internal task management tool allows you to set tasks for specific users or globally for all users:
- Set tasks for a specific user or all users.
- Control the tasks that you and your staff do daily
- Schedule accounting procedures and activities
- All tasks are linked to the functionality within the accounting system
- Simply click on the task and it will automatically take you to the function within the accounting system
- Set out daily procedures per staff member to ensure all deadlines are met
- Schedule meetings and appointments
- Set up tasks lists
- The Bizztec Daily Scheduler acts as online reception desk for your business activities. Following the links on the Scheduler staff members are routed to their specific accounting and procedural functions for the day.
- At the same time, you and your authorized personnel have access to a global Company schedule on the To Do List where all your service schedules, business information and pending appointments are neatly and securely organized within your company's unique account profile.
System Log
- Bizztec's fully integrated system log is a step-by-step recording of user interaction with the software program. The level of detail recorded is a useful way of tracking user preferences and navigational choices. It provides real-time auditing and change management that not only detects unauthorized changes or security breaches, but automatically intercepts and stops attacks before they can do any damage.
- While many companies place a major emphasis on securing the perimeters of their business networks from external attacks, they often fail to protect their valuable digital assets from loss, misuse, or unauthorized access and modification by internal users. Whether it's an employee with unauthorized access to servers and proprietary data or an outsider that has managed to breach external barriers on the network's perimeter, the threat of internal attacks requires security solutions that alert managers in real time when unauthorized access occurs.
Memorized Transaction
- Memorizing Transactions in Bizztec eliminates unnecessary data entry, as well as those sticky notes all over your monitor. Rent payments, automatic bank withdrawals, and recurring customer invoices can be created once, and then used over and over again. The Memorize Transaction feature in Bizztec gives you the choice to remind you, don’t remind you, or automatically enter the transaction for you.
- Simply elect to memorize the transaction you are currently working on and the system will give you options of how to treat the entry on a regular basis. A reminder list will be displayed and the activity can be accessed directly from this list. It is very easy to use and saves a lot of data processing time and hassle.
Point of Sale (POS System)
- What separates Bizztec’s POS system from other systems available on the market is that it is web based.
- To purchase our POS system is effortless there is no software or hardware required.
- All you require to be a user of Bizztec’s POS system is an internet connection.
- Our Online’s POS system is fully integrated with other functions of Bizztec and is not a mandatory requirement.
- One of the great parts about Bizztec is you can choose which capabilities you would like to better your business and pay simple monthly payments for the product.
- The system also updates the inventory and accounting systems in real time
Online Webstore
- Our Online Ordering system creates an automatic order when minimum level of inventory are reached; set by the user.
- Manual orders can also be entered into the system where required.
- The Bizztec Online System stores:
- Reports
- Order status
- Order history
- Back order management
- Vendor messages
- Attachments
- Memos/Notes to the vendors
- The user has full access to all of their inventory and purchase reports.
- For internal control purposes each order is authorized by selected management.
- No entering of invoices is required as the purchase order is converted into an invoice at the click of a button.
Payroll
- Outsourced payroll providers can be seamlessly integrated with the Bizztec Online Network.
- This allows business owners to use their current and/or future payroll service providers as a fully integrated part of the Bizztec system.
Customized Reports
- Simply give us the detail of the report you want and we will construct it for you.
- The report will form part of your system's standard reports.
- It will be fully integrated in the system and accessible in real-time from anywhere; 24/7.
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