Industry Type: Service Industries

No matter how big your firm is, if you’re a Chief Financial Officer (CFO) or Chief Investment Officer (CIO), the challenges are relentless.

Integrating data from different systems, continuously calculating a fair market value (FMV) and net asset value (NAV) for your portfolios, creating reports for your board…

These are time-sensitive tasks, so you can’t be left waiting. You need to look past Xero, MYOB and Excel to find a true cloud-based financial management platform for investment management. You need Sage Intacct.

Click here to download the free e-book

Multi-fund Consolidation across hundreds of entities in real-time

Chances are, your firm spends countless hours on tedious and error-prone financial reporting. From preparing statements to compliance filings for each of your funds… You barely finish in time to start all over again.

Sage Intacct for Financial Services is the world’s leading multi-entity cloud financial management platform for investment management firms, giving you:

• Real-time consolidations with intercompany eliminations
• Drill-down access to all of your funds, assets, and operating companies, letting you see what’s important
• Multi-currency support for your global business
• Dozens of built-in reports, alongside sophisticated custom reporting and analytics.

New dashboards with no extra software or IT Support

New software shouldn’t mean new headaches. Sage Intacct’s scalable architecture and cloud-based delivery means that your platform grows with your business.

You can easily increase assets under management and expand your portfolio —without extra work. You can also share charts of accounts, payments and receivables for all your operating companies.

Sage Intacct gives financial management companies immediate access to the right data across a large number of complex entity structures. This means smarter decisions and bigger investment returns.

To find out more about how PKF Smith Cooper Systems can help your Financial Services business contact us on 01332 959008 or email [email protected]

Project accounting software for service-based businesses

Stop managing projects through the rear-view mirror! Get real-time project financial data and know where your professional services business is going with Sage Intacct.

Learn more about how Sage Intacct helps SaaS businesses thrive

Increase productivity by 65%

Forget the pain of manual processes – Sage Intacct’s project accounting functionality allows your data to flow seamlessly across your business in unified workflows, customisable to your unique business needs.

Use real-time information to increase project profitability

Check summary roll-up figures for multiple entities—even if it’s only mid-month. Get the insights your business needs, when it needs them – ready to be turned into tangible growth and more satisfied customers.

Consolidate hundreds of entities in minutes

As your company grows, the complexities of multi-entity management and global consolidation can become extremely challenging. With Sage Intacct, you can quickly create powerful consolidations to easily manage separate financials. Whether across multiple locations or service lines, Sage Intacct has you covered.

Eliminate unnecessary IT costs

Stop spending all your budget on IT maintenance. Hosted fully in the cloud, Sage Intacct is accessible to everyone who needs it in your company, and doesn’t break with updates. What’s more, it can also integrate with Salesforce out of the box, and other CRMs when using its API.

Professional services software to easily manage multiple entities and global consolidations

Sage Intacct automates currency conversions, inter-entity transactions, local tax reporting, and more. This allows your team to save, reduce manual effort and focus their efforts on more important aspects of the business. Close your books faster and bring on the growth.

To find out more about how PKF Smith Cooper Systems can help your Financial Services business contact us on 01332 959008 or email [email protected]

The non-profit financial management platform that lets you pursue your mission more efficiently. Learn more about Sage Intacct for Non-profits, the cloud financial platform that’s ideal for non-profit organisations like yours.

Fast consolidations to manage your organisation’s complexity

For maximum impact on your non-profit’s performance, Sage Intacct’s push-button consolidations give you fast closings and real-time analytics in minutes, not weeks.

If your Non-profit operates across different currencies and tax jurisdictions, it can be difficult to achieve efficiency and clarity. With Sage Intacct, you can forget the headaches of spreadsheets and manual reconciliations; the multidimensional database lets you aggregate transactions and activities across your nonprofit organisation, including:

• Entities
• Currencies
• Multiple grants and donors
• Multiple locations

Comprehensive fund accounting for non-profits

Many non-profits receive dozens or hundreds of grants and directed donations in separate income streams Donors rightfully want to know how their investments are faring, and Sage Intacct can help.  Sage Intacct fund accounting creates separate closes for each revenue source, along with a regular series of specific reports. Each has its own unique requirements foe very funder, making sure your donors see the information that’s relevant to them.

Sage Intacct fund accounting helps generate statements for the following metrics:

• Activities
• Financial position
• Cash flow

Stronger internal controls, tighter cash management

Sage Intacct gives you features for centralised control and distributed responsibility in one system, so you can:

• Manage monies by grants/donors, programs, geographies, and other dimensions
• Achieve a granular level of accuracy
• Set budgets for each event, campaign, program, and funder
• Track the actuals, creating tighter controls and preventing unexpected outcomes
• Manage capital budgets

Complete visibility and transparency

Transparency is essential for maintaining good relationships with donors and sponsors. With that in mind, Sage Intacct ensures:

• Speed – so you can quickly “know and show” what’s happening across your non-profit organisation
• Accuracy – so your board can get the same level of reporting and analysis they’d expect from a for-profit company
• Clarity – so that you can see financial and operational data in new ways, allowing for actionable insights and smarter decisions

To find out more about how PKF Smith Cooper Systems can help your business contact us on 01332 959008 or email [email protected]

As legislation and regulations change, your organisation has to change with them. With Sage Intacct for Healthcare you can:

• Increase revenues by 25% without adding additional headcount
• Save over 400 person-hours annually
• Save 40+ hours per month on financial reporting

Streamlining healthcare operations

As your organisation grows, it’s challenging to monitor performance and keep financial processes running smoothly — especially across multiple locations.

With Sage Intacct, you can automate your reporting processes for greater efficiency. It also provides the visibility you need to make critical operational improvements.

Automating your financials

Whether it’s procure-to-pay or the monthly close, Sage Intacct can automate your key finance and accounting processes. Reduce your time checking data for accuracy by 75%, and accomodate further growth without further stress.

See your operations clearly

Get the visibility you need to make better decisions. Sage Intacct enables you to track your financials as well as operational metrics and ratios, like available capacity for care homes and revenue per treatment. And with its custom report writer, you can always be sure that you’re seeing the data your business needs.

Quickly compare financial performance and ratios across your locations and share best practices to improve performance.

Click here to take a look around Sage Intacct

To find out more about how PKF Smith Cooper Systems can help your business, contact us on 01332 959008 or email [email protected]

The Financial Services industry is one that is constantly growing. In 2019 exports of UK financial services were worth £60 billion with imports worth £18 billion, and throughout 2020 the, economic output in the sector was only 3% below pre-pandemic levels (February 2020).

This segment of the economy is made up of a variety of financial firms including banks, investment houses, lenders, finance companies, real estate brokers and leads the world in terms of earnings and equity market capitalization.

Being in the Financial Services industry means that you deal with sensitive data and information constantly, that your environment can often be fast-paced and documents are needed in real-time. So you need a partner that can keep up with that demand and deliver.

From our own Sage 200 API to cloud solutions like Sage Intacct and our award-winning support service, we have a range of solutions that can propel your business to the next level whilst keeping your core values intact.

Our team will work with you to design the best solution for your business to ensure a great return on your investment and a great user experience for you and your staff in the short, medium and long term.

To find out more about how PKF Smith Cooper Systems can help with Sage for Financial Services, contact us on 01332 959008 or email [email protected]

If you’re looking for Sage for Professional Services, PKF Smith Cooper Systems can help you.

The Professional and Business Services industry covers a range of diverse knowledge-intensive sectors within the UK. These sectors include legal services, audit, accountancy, advertising and market research, management consultancy, architectural and engineering activities and employment activities.

Within the UK the Professional and Business Services industry accounts for around 11% of the economy and employs 13% of the population. It is a diverse industry with many knowledge-intensive subsectors.

For an industry as vast and specialised as this, we recognise that there is no one size fits all business solution for you.

As a Professional Service business, you are often helping your own clients manage, support and grow their businesses, so at Smith Cooper, our goal is to ensure you have the systems in place to make your business processes simple, effective and adaptable so you can focus on what matters most; your customers.

From Sage 200 project costing, to web based purchasing and timesheets through to cloud solutions like Sage Intacct, we have a range of solutions that can propel your business to the next level whilst keeping your core values intact.

Our team will work with you to design the best solution for your business to ensure a great return on your investment and a great user experience for you and your staff in the short, medium and long term.

To find out more about how PKF Smith Cooper Systems can help your Financial Services business contact us on 01332 959008 or email [email protected]

Sage for Care Homes, GP Practices, Pharmaceutical Companies and more

The Healthcare industry (sometimes also referred to as the medical industry or the health economy) is essentially made up of three core components: Services, Products and Finance (i.e. medical insurance).

With an annual turnover of over £70 billion, the UK is a world leader in manufacturing and marketing clinical products and pharmaceuticals. Also, there is a thriving care industry covering things such as groups of GP Practices, Care Homes, Domiciliary Care Services etc.

At PKF Smith Cooper Systems, we have many clients who operate in this market and have vast experience dealing with all elements of the care industry, so we are well equipped to provide you with the best solutions for your business, whether that is Sage 200, Sage Intacct or a Sage add on.

For our Pharma clients, traceability is king in terms of the source of the product (country of origin) or components and then where that batch was shipped to and all the associated conformity documentation.

For our GP & Care Home clients, analysis and budgeting by cost centre and the department are always pivotal. There’s also, normally, a requirement to provide non-Sage users with the ability to view budgets and provide purchase requisitions remotely with a full authorisation route and audit trail.

We appreciate that patient-led organisations will often have their own patient management systems specifically designed for their business model. In using our API and third-party software vendors, we have successfully integrated these systems many times. Our experience in the integration of patient management systems means that you will avoid the tedious task of re-keying of data into Sage, saving time and massively reducing the margin for error.

To find out more about how PKF Smith Cooper Systems has helped Healthcare organisations to similar you, contact us on 01332 959008 or email [email protected]

When we think of Not for Profit organisations, we naturally think of Charities, while these are a massive part of this sector, there are also many other organisations that fall into this category; such as Local government, Sports Clubs, Membership Organisations or Educational bodies (Schools, Colleges, Students Unions etc.).

In being a not for profit organisation, you’ll need to produce management reports like any commercial business. However, what you’ll also probably need to do is provide deep reporting around a variety of income streams and/or cost centres.

You will probably have a dispersed team of budget holders who need to make purchase requests remotely and, in the specific case of charities, you’ll also need to provide a detailed breakdown of restricted and unrestricted funds; in some scenarios, you may also need an EPOS till.

Successful not for profit organisations and charities operate efficient processes supported by the appropriate software solutions. This allows them to keep their cost base low and enables the staff to spend their time fully focused on organisational goals.

PKF Smith Cooper Systems has significant experience in working with Not For Profit organisations, in particular the reporting requirements. We will work through your requirements and agree on a suitable solution based on your precise needs whether that is Sage 200, Sage Intacct or other solutions we have successfully implemented previously in similar scenarios.

Sage Accounting software is the best in class financial software for the UK mid-market. So, whether you are an existing Sage user in the Not For Profit sector or interested in Sage as a replacement finance solution, PKF Smith Cooper Systems can help you find the right product for your business.

If you would like to know more about how we can help your Not For Profit organisation then you can follow the links below, contact us on 01332 959008 or email [email protected]

PKF Smith Cooper Systems are specialists in providing Retail and EPOS solutions integrated to both Sage 50 and Sage 200.

People often associate this area with Shops and retail environments but we also do lots of work with Trade Counters (Builders merchants, Roofing Supplies), Hospitality (Hotels, restaurants) and Leisure (Museums, Marinas, Kids Activity centres etc).

We have successfully implemented EPOS solutions, integrated to Sage back-office software, based on a single till, multiple tills on one site and small two or three site situations up to 20 plus branches with over 70 tills.

Our flexible EPOS for Sage software can be configured to suit the exact requirements of your business to ensure great user experiences for your staff and excellent efficient service for your customers.

In addition to the core point of sale software, we also offer a full range of hardware and peripherals including an all in one till, receipt printers, cash drawers and barcode scanners.

As you would expect with EPOS software integrated to Sage, we also support full integration with Opayo (Sage Pay) and offer the market-leading card machines by Verifone.

If you would like to know more about EPOS for Sage you can follow the links below or contact us on 01332 959008 or email [email protected]