ABM Cashflow for payment management in a consulting and IT company
What do you like best?
The great data visualization! Graphs show receivables and payables which we expected to get and what we really had. Moreover, there is colour display.
- Also, you can save all changes like sums, comments or expenditure headings. All payments are seen in one single process and everybody can determine at what stage of approval their application.
- The functionality of application allows you to leave comments and look through the history.
- As a marketing specialist, I can see information that I really need to use.
What do you dislike?
It is not a full financial planning system, but only a tool for the coordination of payments. However, we knew about it and implemented a system for such goals. The system was integrated with our accounting system.
Recommendations to others considering the product:
Cool!
What problems are you solving with the product? What benefits have you realized?
We are planning our payables for the year ahead and the system checks what part of the budget is our application. If the declared amount exceeds the budget, the approval goes through another branch of the process, with the involvement of top management.