As businesses evolve, many find that entry-level accounting solutions like Xero no longer meet their growing needs. iplicit, an award-winning cloud accounting software, offers a compelling alternative tailored for mid-sized organisations seeking advanced functionality without the complexity and cost of traditional enterprise systems.
1. Seamless transition from entry-level systems
iplicit is designed for organisations that have outgrown basic accounting tools. It offers a natural progression by providing enhanced features while ensuring a smooth migration path from existing systems. This allows businesses to upgrade their financial management capabilities without losing the familiarity and functionality they currently enjoy .
2. True cloud accessibility
Built as a true-cloud solution from the ground up, iplicit ensures that users can access the system from any device with an internet connection. This eliminates the need for remote desktops or server maintenance, providing real-time access to financial data anytime, anywhere .
3. Advanced reporting and analytics
iplicit empowers users with unlimited dimensional reporting, allowing for in-depth analysis across various metrics. Its dashboard reporting and analytics tools enable businesses to visualise key performance indicators and make informed decisions based on real-time data .
4. Multi-entity and multi-currency management
For organisations operating across multiple entities or dealing with various currencies, iplicit offers robust multi-company and multi-currency management features. This includes automated consolidation, intercompany eliminations, and comprehensive financial reporting across all jurisdictions and currencies .
5. Automated revenue recognition
iplicit has introduced automated revenue recognition capabilities, allowing businesses to accurately calculate and apply revenue figures over time. This feature is particularly beneficial for companies handling deferred revenue, such as those offering subscription-based services, ensuring compliance with standards like IFRS15 and reducing manual errors .
6. Rapid implementation and user-friendly interface
One of iplicit’s standout advantages is its rapid implementation process. Working with an iplicit partner, businesses can be up and running in as little as 16 days, with a fully functioning test environment ready in hours. The intuitive interface ensures that users, regardless of their financial background, can navigate the system with ease .
7. Cost-effective enterprise-level functionality
iplicit delivers enterprise-level features at a price point accessible to mid-sized organisations. This includes comprehensive project costing, job costing, and accounts payable automation. By offering such advanced capabilities without the hefty price tag, iplicit fills the gap between entry-level software and expensive enterprise solutions .
For businesses seeking to transition from Xero to a more robust accounting solution, iplicit presents a compelling option that combines advanced features, true cloud accessibility, and cost-effectiveness.
Why Cimpli loves iplicit
The team at Cimpli is made up of a wealth of experienced software experts that have spent many years in this space. We love iplicit because the software really holds the functionality often associated with bigger, more complex solutions, but at a fraction of the cost. It has taken sophisticated processes and simplified them, making it faster to implement and easier to adopt by your business. If you need more than what Xero gives you, we think iplicit is a great choice.
Talk to us today to explore how iplicit can benefit your organisation.
