Saturday, November 7, 2009

Inter/Multi-Company Accounting

A particular differentiation would be Solomon's inter/multi-company accounting capabilities, which are pervasive throughout the entire product's functional footprint (even in the AR module, which is not easily encountered within other accounting products including MBS Great Plains), and the Inter-Company Export/Import tool takes information from multiple databases and uses them in transactions, while users can define access rights to the particular company data. Multiple companies in separate databases will have the same account structure but different charts of accounts. Although the invoices for different companies are entered in the same batch, checks are printed by company and sales tax history, for example, is listed by the company as well. Solomon is one of a few rare accounting products in its class where one supplier's master data can be shared amongst multiple companies, and the product also features a multi-company cash disbursements capability.

E-Business Modules

Solomon was also one of the first products amongst its peers to feature a number of e-business modules that provide a browser-based portal and electronic data interchange (EDI) features that let employees, customers, and business partners interact and retrieve important information from the company's accounting system through an Internet connection, without a need for Microsoft Terminal Server (MTS) or any other like web-enabling hardware component. The well-publicized Solomon Desktop module was the first one launched back in 2000 to allow secure, browser-based, anytime-anywhere access to all Solomon modules. The e-Commerce Gateway is another module that lets a company transmit and receive paperless electronic documents from business affiliates and partners. The module maps raw EDI data into meaningful Solomon business transactions and verifies the data to be added to its databases. The eVoucher application is used for the entry of AP vouchers and vendor account maintenance, which comes particularly in handy for remote locations.

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