reachware 2022 Newsletter

Greetings from Reachware,

Whenever we think of integrations, the Reachware platform is the first thing that comes to mind, thus we are very proud to present to you the latest updates on Reachware, the leading integration platform, as they happened during the course of 2022. We hope you find our collection of news interesting and informative.

Importance of Integration for your business?

Having your technology talk to each other not only improves data visibility and accessibility, but integrations can also complement the way your teams operate with each other to save time and allow your business to run smoothly.

Integration ensures that all systems work together in harmony to increase productivity and data consistency. In addition, they aim to resolve the complexity associated with increasing connectivity between systems, as they provide a reduction in the effects of changes that may have on these systems.

When you’re looking to purchase new software for your business, it’s well worth the extra time and cost on the front end to ensure the new software integrates with your existing systems.

Latest News
New Logo
Reachware logo has been changed to a new one (below) that shows the corporate identity more and is a proof that we are evolving and changing to keep pace with the modern world.

Reachware Connectors

Reachware offers a wide variety of pre-built integrations tailored for the needs of specific industries, departments, and use cases.

Reachware Extensions

1- Basher-HR
With Basher-HR, you will provide your HR department with a complete payroll functionality built on NetSuite, it manages everything related to the employee payroll process. This provides a consistent experience across devices, enables a single source of truth for payroll data to improve decision-making, and enable market-leading innovation to meet your needs today and in the future.

Key Features

• Employee Portal
• Workflows
• Time Tracking and Leave Entitlement
• Employee Benefits Administration
• Employee Self Service
• Audit Reports
• Multiple Currencies
• Customizable Pay slips
• Loans, Advance, and Bonus
• Full and Final Settlement
• Payroll on Cloud
• Allows customizations
• High Accuracy and on time
• Low processing time
• Minimal Manual Intervention

2- Advanced Budgeting (p2p) – Fund Request approval
This FRA module covers how to setup department “Cost Center” wise multiple budget plans & utilization, for purchase operations with approval process. It helps management to evaluate business alternatives and set targets for utilizing the budget for purchase operations. This will perform real time, multi-dimensional modeling of purchase planning and budgeting data. Department wise multiple budget plans helps to control the Fund request approval process for creating the purchase requisitions and Purchase orders to Vendors. This is intended to provide a holistic budgeting solution for all Industries it also allows for moderate customization to your business and acts as a springboard to accelerate future growth.

Key Features

• Manage the complete AP/AR netting cycle.
• Fully Automated netting settlements on AP and AR open bills along with accounting impacts.
• Less manual effort spent in reconciling, revaluing, and netting open AP/AR balances
• Auto payment applied for open Invoices/bill with netting settlements. These netting settlements represent the general ledger impact of netting on each transaction.
• Easy to find the maximum nettable amount from each AP/AR side.
• Eliminates Manual efforts and excel workings to track Open Payables and Receivables adjustment.
• Flexible to select default Account receivable and payable accounts on netting review and advanced date filters to populate the limited AR/AP transactions.
• Automated AP/AR Netting Settlement transaction creation along with separate auto-numbering sequence for each netting.
• Flexible Advanced workflow levels on AP/AR netting settlement and review record.
• Real time reports for AP/AR netting settlements

3- Investment/Portfolio Revaluation

• Management of investment revaluation compared to old and new stock prices
• Automatic Realized Profit/Loss Calculations with Financial Effects
• Easily create investment payments based on payment status

Key Benefits

• Complete Investment Management / Portfolio Ratings for investment managers who need an in-depth assessment analysis of their investments.
• Fully automated investment/portfolio valuations with daily, monthly, and quarterly real-time market prices.
• Automatic financial effects with profit/loss values
• Flexibility to add entire investment/portfolio information using dynamic filters

Features

• Investment Management
• Investment evaluations
• Automatic financial effects
• Flexibility in adding investment information

4- AP/AR Netting
RW AP/AR netting enables you to settle mutual open balances across customer/Vendors. It will generate netting settlements, which reduce inaccuracies made through manually generated settlements. RW AP/AR bundle provides you with the power to eliminate excel and manual efforts from your company Accounts payable and Receivables netting. The netting settlement provides the creation date, currency and posting period. Supports all classifications and custom segments. If the netted transactions specify department, class, location or custom segment, it groups the lines in the netting settlement based on these classifications. It will maintain all relevant AP/AR netting review details (i.e., netting date, approval status) and provides a link to the related transactions and amount applied to that the transactions.

Key Features

• Manage the complete AP/AR netting cycle.
• Fully Automated netting settlements on AP and AR open bills along with accounting impacts.
• Less manual effort spent in reconciling, revaluing, and netting open AP/AR balances
• Auto payment applied for open Invoices/bill with netting settlements. These netting settlements represent the general ledger impact of netting on each transaction.
• Easy to find the maximum nettable amount from each AP/AR side.
• Eliminates Manual efforts and excel workings to track Open Payables and Receivables adjustment.
• Flexible to select default Account receivable and payable accounts on netting review and advanced date filters to populate the limited AR/AP transactions.
• Automated AP/AR Netting Settlement transaction creation along with separate auto-numbering sequence for each netting.
• Flexible Advanced workflow levels on AP/AR netting settlement and review record.
• Real time reports for AP/AR netting settlements

5- Property Management
This extension manages properties rental/Sales on NetSuite like overseeing of residential, commercial and/or real estate, including warehouses, showrooms, white lands, empty units, flats and common areas. And managing of the property that is owned by another party. Along with handling the rental agreements, contract renewals, capturing the income and expenses of that properties. It helps accountants to track available properties for rent/sale, revenue management, renewal of properties and receipts from customers. And easily accountant will tag the maintenance cost for the properties. This will perform real time transactions and reports.

Key Benefits

• Increased asset utilization through total visibility.
• Single billing for whole contract and easy monthly revenue recognition
• Automated email notification for property status updates or recurring invoices.
• Auto Property Contract renewals
• Easily track and manage the entire life cycle of a tenant, from the moment of identifying an opportunity to the creation of a tenancy contract.
• Consolidated financials view for Property analysis.
• With real-time dashboards, managers gain better insight to sell, upsell, drive renewals, and properly set customer expectations.

Key Benefits

• Total Visibility
• Revenue Recognition
• Email Notification
• Auto Property Contract renewals
• Manage the Entire Life Cycle of a Tenant
• Consolidated Financials View
• Real-time Dashboards

6- InsightView
InsightView is empowering organizations to get the most out of their data. It focuses on helping people see and understand data. Regardless of their role, people and teams use InsightView to uncover new insights and opportunities and create a culture of data-driven decision-making like never before.

As the market-leading choice for modern business intelligence and data visualization, InsightView platform makes it easy for business owners to explore and manage data to discover and share insights that can change business and the world. InsightView platform can help reduce time spent preparing data, allow business users to uncover trustworthy insights in a self-service manner, and integrate data across the enterprise to speed up time to those insights.

Why InsightView?

• Faster decision-making
• More agile business operations
• Quick fixes of operational issues
• Rapid response to market trends
• Better customer service

Partnership Signed
At Reachware, we always strive to better understand our customers and achieve superior integration performance, so we are pleased to include new partners in our portfolio, which are the following:

Bonat

Spades

Rawaa

Crayon

Jigsaw

Omniful

TACHYON

Customers

Having a comprehensive understanding of your clients is a key to achieving core business goals. At Reachware we partner with our customers to deliver the most innovative integration solutions for after sales service.

Coming soon
– New Website
– Leap 2023 Exhibition

 Join Reachware team at the first edition of LEAP and Innovate tech conference in Riyadh on 1-3 February 2023 that will bring together 100,000+ visitors. Grab your visitor’s pass for LEAP23 today https://lnkd.in/e_pjk23

Stay tuned for more news in the next newsletter.

Sincerely
reachware