Envision X
Envision X is a state-of-the-art trading and accounting software package. It contains the features that are commonly needed in large to medium-sized trading companies, such as multi-company, multi-location, multi-currency and report analysis. The system functionality enables a company to automate a wide range of business processes such as sales, purchasing, inventory and accounting. The system is highly scalable, and it can grow as your needs grow. Using Envision X as a basis, companies are able to optimize the cost of sales, develop new approaches to increasing sales, improve operation efficiency, and much more.
What is Accounting Software
Accounting software is a computer program or online system designed specifically to handle a business's finances and accounts. It can help companies manage and record daily financial transactions, including income, expenses, accounts receivable, accounts payable, etc., and automatically organize these transactions into appropriate account categories. Simply put, accounting software is a digital accounting book: from bookkeeping, reconciliation to report generation, all can be completed on a computer or in the cloud, replacing traditional paper bookkeeping or cumbersome trial balance operations.
By using accounting software, companies can understand their financial status at any time. Through reports automatically generated by the system, management can track key data such as the company's assets, liabilities, income and expenses. For accountants, many tasks that originally required manual calculations (such as closing ledgers, calculating balances, etc.) are now automatically completed by software, greatly reducing the chance of errors.
Advantages of Accounting Software
1. Automated processing reduces errors
Traditional manual accounting is prone to human errors and requires a lot of time and manpower. Through cloud accounting systems or general accounting systems, processes such as bookkeeping, tax filing and multi-currency conversion can be automated, greatly improving efficiency while avoiding duplicate accounting. This high level of accuracy reduces the risk of errors in financial statements and ensures that the accounts are clear and reliable.
2. Real-time data access
In an electronic and cloud-based environment, companies can view the latest financial data instantly without being restricted by location or office hours. As a result, management can keep track of the company's financial status at all times and make quick operating decisions without having to wait until the end of the month or quarter to understand profits and losses.
3. Improve report analysis
Accounting software can usually provide instant or regular report analysis, including profit and loss statements, balance sheets, cash flow statements, etc., to help management evaluate business performance and adjust company strategies. With complete accounting records and reports, companies can more easily organize the required information during tax season.
4. Multi-currency processing
For international trading companies or businesses that need to handle multiple currencies, accounting software can automatically update and convert different currency values, avoiding a large number of repeated calculations due to exchange rate fluctuations and reducing the risk of errors.
5. Proper storage and data backup
Cloud accounting systems are easier to save and back up, and there will be no loss of financial data due to paper loss or damage. Cloud accounting systems provide password protection and cloud backup functions, so that important financial information can be safely restored even if the computer fails or an accident occurs.
Cloud Accounting System Becomes an Essential Tool for Enterprises
In the modern business world, cloud accounting systems have become one of the essential business tools for enterprises. The accounting system is specifically used to record and process a company's accounts payable and accounts receivable. With the help of electronicization, a company can review the information of each transaction at any time to understand the flow of funds within the company.
ISL accounting system effectively assists enterprises in managing their financial situation, greatly reduces the workload of accounting departments and avoids human errors. The system can also integrate large amounts of data, allowing companies to file taxes, analyze project results, etc., and assist teams in planning more strategic business projects to respond to market changes and business challenges.
When facing the international market, companies need to record different currencies for tax purposes. Global currency exchange rates fluctuate all the time. Companies must calculate the exchange rate of the day for accounting purposes before paying bills. The ISL system provides multiple currency conversion functions, which can easily process the remittance records of a large number of bills with one click, avoid the possibility of exchange rate calculation errors, and effectively help enterprises manage their internal financial status.
Main features of ISL accounting system
- English/Traditional Chinese/Simplified Chinese language interface
- Accounting, sales, purchasing, warehouse management, and other modules
- Support for multi-user, multi-company and multi-currency
- Multi-level user access security control
- Allow to customize screens for different users
- Flexible user defined fields on all major entries
- Multiple shipment schedule on sales order /purchase order
- Handle partial shipment and goods receive capabilities
- Multi-warehouse and multi-bin design for inventory control
- Stock reservation for on-hand or on-order inventory balance
- Serial number allocation for sales and purchase records
- System Alert on accounting, inventory and order transactions
- Manage product photo to generate the documents or album
- Integrate with Microsoft Excel as reporting interface
- Embed with native report writer and Crystal Report interface
- Reporting criteria can be defined using multiple logical operators
- Flow diagram in each module provides a graphical illustration of data flow
- Powerful drill down enquiry and user defined query table for information searching
- Modular design allows companies to select the appropriate applications to match their business needs
Envision X is comprised of the following six modules:
Envision X cloud accounting software system is highly recommended for businesses with accounting needs. The system includes six modules: general ledger, accounts receivable, accounts payable, sales, purchasing, and warehouse management. ISL's accounting system combines cloud technology to break the geographical limitations of traditional office models and promote the development of remote work. Whether employees are overseas, working from home, or commuting, they can easily access and update internal company data, helping businesses improve operational efficiency and achieve high-efficiency office work.
Envision X also provides the following value added features.
Form Designer
Form Designer allows you to customize the user interface as well as restricting various users from viewing or modifying certain fields on the input form. It renders the administrator better control of the access rights for different user or user group.
Message Centre
Message Centre provides a means for the Envision X users to communicate with each other without other e-mail program. The system will alert the users when there is/are new message(s) in the Inbox. For companies requiring a supervisor's approval / posting of a document e.g. Sales Order, Shipment Order, Purchase Order and Good Receive Note etc., the message centre can help expedite the approval process and hence improving the efficiency.
Download Envision X Leaflet
Back to top