The company LLC Leading Business Software, which has been assisting businesses in Uzbekistan with automating accounting and optimizing processes for over 10 years, has introduced a new module "Finance" for "1C:Accounting." This solution aims to automate financial management, budgeting, and treasury functions, enabling companies to effectively control their resources and enhance the transparency of their operations.
Leading has already successfully collaborated with major companies such as: AGMK, Anglesey Food, Artel Electronics, "Ipak Yuli," Orient Group Management, and aims to make financial management simple, efficient, and secure. Currently, the "Finance" module is being utilized by: Riviera Mall, Samarqand Darvoza, Magic Fruit.
Manual Accounting: How Companies Lose Money
Modern companies frequently face financial difficulties. According to AAT (the International Association of Accountants), 42% of them lose money due to chaotic accounting and uncoordinated budgets. This leads to cash flow gaps and liquidity shortages, even when profits exist. Managing finances manually is time-consuming and increases the risk of errors.
The "Finance" module from Leading helps to avoid this:
- Actual vs. Plan Analysis prevents overspending;
- Payment Calendar regulates cash flows and eliminates cash gaps;
- Ready-made P&L, Cash Flow, and Balance Sheet Reports speed up analysis and reduce errors.
Budgeting Features
The "Budgeting" module includes ensuring the security of accountants' data and mapping budget items to those in "1C:Accounting." There is also the option to import budgets from Excel for subsequent adjustments, simplifying the process of updating information. Tools are provided for conducting actual vs. plan budget analysis, monitoring its execution, and performing comparative analysis, helping to effectively control the company's financial indicators.
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Financial Reporting Features
The "Financial Reporting" section allows users to generate reports with a single click—significantly simplifying and speeding up the process of working with financial data. Users can independently configure and modify reports without additional costs. Tools for conducting actual vs. plan and comparative analysis are also implemented, which help to evaluate financial results in detail and make informed decisions promptly. These tools include:
- Balance Sheet — a report on financial position based on actual data;
- P&L — a comparative report on profit and loss for financial analysis. The report reflects the financial result based on actual data and budget planning information;
- Cash Flow — a report on cash movement based on actual data;
- Revenue — a report displaying revenue by counterparties and contracts based on actual data and budget planning information;
- Cost of Sales — a report on actual vs. plan information by budget item;
- OPEX — a report on operating expenses based on actual data;
- Financial Ratios — profitability indicators.
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Treasury Features
The "Treasury" section includes tools for approving payment requests. It features planning for cash inflows and outflows. Additionally, a payment calendar is provided to help regulate cash gaps, ensuring the stability and timeliness of financial obligations.
What clients gain from this:
- Improved Financial Planning — enables companies to plan revenues and expenses, set financial goals, and monitor their achievement, as well as forecast future financial results;
- Cost Control and Management — helps identify and reduce ineffective expenses, optimize resource usage, ensures budget execution control, and identifies deviations;
- Cash Flow Management — ensures effective management of receipts and payments, maintaining an optimal liquidity level, and allows for planning and controlling cash movement;
- Increased Transparency — provides transparency in financial operations and improves reporting quality, enabling quick access to current data on the company's financial status.
2The development team of the "Finance" module and business analysts from Leading.
How to connect the module:
For more details and to test the capabilities of the "Finance" module, please contact the specialists at Leading.
Phone: (+998) 55−510−51−51.
Address: Yakkasaray district, Shota Rustaveli street, 53B.
E-mail: [email protected] Website: leading.uz Facebook: fb.com/leading.group Instagram: @leading.uz Telegram: t.me/leading_g
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