A few months back, Sage announced a new naming convention “Sage Business Cloud” for a majority of its product line. This includes Sage One, Sage Live, Sage Enterprise Management (X3), Sage People, Sage Pay, and Sage Payroll. As per the convention, Sage Business Cloud Financials is the new name for Sage Live. Sage Business Cloud Financials is a finance and business management application built on the Salesforce Lightning platform for growing medium-sized businesses. In this blog, you will get an introductory knowledge on Fixed Assets – a new add-on developed by Greytrix for Sage Business Cloud Financials (formerly Sage Live). You will explore the benefits of using this add-on in your business ecosystem.
Greytrix Fixed Assets add-on for Sage Business Cloud Financials is a unique solution to simplify asset accounting by seamlessly integrating it with your Sage Financials cloud accounting software.
It facilitates asset accounting transactions such as asset acquisition, depreciation, depreciation reversal, and asset disposal and generating standard reports.
Greytrix Fixed Assets add-on for Sage Business Cloud Financials is an easy to set up add-on that manages assets throughout their lifecycle.
Challenges faced in Asset Accounting
- One of the pain points includes employing manual processes for creating depreciation journal entries and configurations.
- Users find it difficult to estimate asset’s book value or details such as depreciation method, duration of depreciation calculation.
- Users are unable to reverse depreciation entries of a specific period.
- Extraction of specific reports regarding fixed assets becomes a challenging task for users.
Greytrix Fixed Assets add-on for Sage Business Cloud Financials is a native app within Salesforce/Sage Financials and is seamlessly integrated with Sage Financials General Ledger.
Benefits of using Greytrix Fixed Assets add-on for Sage Business Cloud Financials
- The add-on saves time and improvises better control over asset purchases, ensuring accurate recording of depreciation.
- Users can experience the hassle-free automated recording of depreciation expenses on a monthly basis
- Gain better management and regulatory compliance across the fixed asset life-cycle
Greytrix Fixed Assets add-on for Sage Business Cloud Financials is a listed product in Sage Marketplace.
To experience the power of Fixed Assets add-on for Sage Business Cloud Financials in your enterprise system, write to us at sagecloud@greytrix.com.
About Us
Greytrix – a globally recognized and one of the oldest Sage Gold Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation competence.
Greytrix has a wide product range for Sage Intacct – a Sage Business Cloud Solution. This includes migrations from QuickBooks | Sage 50 | Sage 100 | Sage 300 to Sage Intacct. Our unique GUMU™ integrations include Sage Intacct for Sage CRM | Salesforce. We also offer best-in-class Sage Intacct Development Services, Consulting services, integrated apps like POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage Intacct to Sage business partners, resellers, and Sage PSG worldwide. Greytrix constantly develops apps, products and addons to enhance user experience. Sage Intacct addons include Sales Commission, AR Lockbox File Processing and Sage CRM integration. Greytrix GUMU™ integration for Sage CRM – Sage Intacct is listed on Sage Intacct Marketplace.
For more information on Sage Business Cloud Services, please contact us at sagecloud@greytrix.com. We will like to hear from you.