COUNTRY: KSA   INDUSTRY:  TECHNOLOGY   COMPANY SIZE: 51-200 EMPLOYEES

BANK SYNCHRONIZATION

A tool allowing the company to get its bank statements imported or synced with the bank automatically.

BILLS & EXPENSES

Managing and controlling supplier invoices to get a clear forecast of future bills to pay.

INVOICING

A feature used to create sharp and professional invoices, manage recurring billings and track payments.

EASY RECONCILIATION

Helping the company with saving time by automating 95% of reconciliation with the smart reconciliation tool.

ABOUT COMPTECHCO

Comprehensive Technology Company (CompTechCo) is a leading IT company in Saudi Arabia, with distinctive competencies in implementing Digital Transformation, Information Governance and Big Data projects, through leveraging world-class platforms for Content Services, RPA & Digital Workforce, Data Management, AI and Analytics.


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CHALLENGES 

Despite the fact that CompTechCo is an IT company, the executive team established a lack of proficiency in their accounting department's operating system, with missing features like access to clear dynamic statements to help the company keep track of its expenses in one safe place. The company was thereby unable to record, track and overview its earnings report, balance sheet, or cash flow statements easily.


SOLUTION & ADDED VALUE 

CompTechCo approached the team at Ever Business Solutions regarding the need to have better accounting processes integrated with the company's workflows. With the support of Ever Business Solutions, CompTechCo implemented an accounting ERP system that helped on boosting the company's operations through the below features: 

  • Bank Synchronization: a tool allowing the company to get its bank statements imported or synced with the bank automatically.

  • Invoicing: a feature used to create sharp and professional invoices and get a clear forecast for future bills to pay.

  • Managing Bills & Expenses: a way to control supplier invoices and get a clear forecast of future bills to pay.

  • Easy Reconciliation: helping the company with saving time by automating 95% of reconciliation with the smart reconciliation tool.

The company was thereby able to get paid faster from customers through electronic invoicing and automated follow-ups, by sending professional invoices and receiving payments online, in addition to automatically creating invoices from sales orders and delivery orders. 

This newly implemented modern and state-of-the-art accounting system granted the company the ability to have clear dynamic statements that allow accountants to view their reports clearly, create earnings reports, balance sheet, and cash flow statements in just a few clicks, with a user-friendly platform to quickly filter, zoom, annotate or company any data. Not only was CompTechCo able to track all of its accounting operations, but it also maximized the productivity of its employees and cut costs on prolonged and outdated processes.

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