5 things business leaders, like yourself, love about AS400 accounting software are:
- Strong audit trail
- Scalable architecture
- Detailed financial reporting
- Advanced-data processing capabilities
- Smooth integration with legacy architecture
But a fraction of business leaders is looking for alternatives to this robust ERP system for a couple of reasons.
Are you one of them?
As a modern-day IT leader, you would relate – Managing modern IT operations often feels like cracking complex code.
Every element, from the proficiencies of your team to the software tools they utilize, must fit together seamlessly to form an efficient, productive, and profitable whole.
For IT decision-makers, such as yourself, this puzzle’s key is often picking an effective enterprise resource planning (ERP) system, a role often fulfilled by the versatile BPCS system (Business Planning and Control System).
You wish you could enhance the impact of your BPCS accounting system and not move away from it?
We, being an IBM Silver Business Partner, say it is possible.
“How?” You may wonder.
Get ready to find your answers as we explore –
- A deep view of BPCS accounting system
- Relevance of LX/BPCS ERP in 2024
- Benefits you might lose by switching to a new ERP system
- The crucial role of BPCS consulting services provider
- And much more!
Ready to explore? Let’s go!
Understanding BPCS Accounting System (Skip if you’re already well-versed)
The BPCS ERP system is an established AS400/iSeries-based solution. Compared to other ERP solutions, it offers more than just streamlined accounting operations.
It also serves as a potent financial growth engine, ensuring businesses, such as yours, stay competitive in today’s rapid-paced commercial landscape.
By empowering IT leaders with essential financial data, streamlined operations, and automated complex business processes, the BPCS system helps you make the most of your IT budgets contributing significantly to a positive ROI and overall business health.
As an IT leader, you constantly seek tools, solutions, and systems that address resource gaps, maximize your IT budget, and ensure smooth operations.
BPCS accounting system is a solution that checks all these boxes.
But what does BPCS AS400 accounting software truly entail?
Let’s explore!
The BPCS accounting system is more than just an ERP solution – it’s a holistic accounting tool that drives efficiency and accuracy across your accounting operations – a real game-changer.
There’s more to it.
BPCS Accounting System provides organizations, large and small, with a comprehensive accounting management solution, helping them:
- Streamline processes
- Improve decision-making
- Gain better financial control
- And drive overall efficiency in their accounting operations.
Whether you are looking to optimize your accounting operations, effortlessly manage voluminous data, or automate tedious tasks like billing and bank reconciliation, BPCS ERP systems for accounting have got your back.
Plus, it integrates seamlessly with other business functions, such as sales or inventory management, allowing you to exchange real-time data and providing a comprehensive financial health overview under one platform.
Let’s illustrate the role of BPCS ERP Accounting software with a typical scenario:
Suppose you’re a Chief Technoloy Officer of a manufacturing company.
Your business has received a big order from a client.
As soon as the order is received and processed, the BPCS accounting system updates the inventory and accounts receivable, adjusting your cash flow forecast immediately.
This real-time sync of accounts and forecasts saves your accounting team countless hours and helps avoid errors that could occur with manual data entry.
Plus, with instant insights at your fingertips, you are easily able to plan production and manage suppliers. This helps you to manage the orders better, ensure timely delivery and keep the clients happy.
But that’s not all. Here are some more advantages that make the BPCS accounting system a preferred choice among business leaders like yourself:
- Enhanced Compliance: Adhering to various accounting standards and regulations is a task. With the BPCS system, it becomes easier with predefined and customizable compliance rules in the system.
- Automated Processes: BPCS ERP helps you automate routine tasks like invoice generation, payments, and reconciliation, freeing your team’s time for strategic tasks.
- Scalability as and when required: As your business grows, so does the ERP BPCS system. Whether you’re expanding your product line or entering new markets, the BPCS accounting system grows with you.
- Improved Decision-Making: With accurate, up-to-date financial data at your fingertips, you can make informed, data-driven decisions quickly.
- Minimal risk: Finance and accounting operations often face risks, especially risks like wrong data entries which can cause havoc. LX / BPCS ERP helps you minimize the risk of error by automating data and ensuring accuracy.
Understanding the BPCS accounting system helps you realize its potential to transform your accounting and finance operations and contribute to business growth.
Now that we’ve explored what this system is about, let’s move on to explore how BPCS accounting system is still relevant for businesses in 2024.
How is the BPCS Accounting System Still Relevant in 2024?
Modern-day accounting and financial operations run on 2 key elements –
- Accuracy
- Efficiency
The BPCS accounting system boasts these plus many features to support and supercharge your accounting and financial management capabilities.
One notable feature that BPCS leaders, such as you, swear by is its ability to replace the manual operations with automated processes.
Let’s dig deeper.
Real-Time Data Access
In the age of innovation, seamless access to real-time data is non-negotiable.
BPCS accounting system provides instant access to financial data, so you can monitor the financial health of your business in real time.
Whether you need to track an outstanding invoice or view the overall business profitability, BPCS AS400 accounting software effortlessly brings the data to your fingertips.
Financial Reporting
Financial reporting is a way to turn raw numbers into actionable insights.
The LX ERP system seamlessly integrates with modern BI tools such as Power BI to create customizable financial reports.
This empowers you to gain direct insights into your financial operations, from balance sheets to income statements and cash flow analysis.
Partnering with a reliable BPCS consulting partner ensures you maximize these ERP LX Software capabilities without getting into the details.
Multi-Currency Support
The BPCS accounting system supports multiple currencies, automating currency conversions and minimizing exchange rate errors for international businesses. It is a blessing for businesses that regularly handle international transactions.
Compliance Management
Increased regulations and compliance requirements are a few of the primary challenges of 2024. And ensuring compliance with various accounting standards and regulations is crucial.
BPCS System’s built-in compliance management features simplify this process, ensuring you’re always audit-ready.
Automation of Routine Tasks
Automation is making strides in the business world. And BPCS ERP software is no exception.
From invoices, payments, bank reconciliations to financial reporting, tax compliances, accounts payable & receivable; all these tasks can be automated with the BPCS accounting system, freeing your team’s time for higher-value tasks.
The key to getting the most out of the BPCS accounting system lies in partnering with the right BPCS experts.
You must pick the right BPCS services providers who know the system like the back of their hands and who strive to make it work for your business.
Speaking of the relevance of BPCS ERP AS400 in 2024, have you ever considered transitioning to a new ERP system?
If so, the next part is dedicated to you.
Next up – let’s look into what you might lose by switching to a new ERP system.
What Might You Lose by Replacing LX / BPCS ERP Software?
By switching to a new ERP system, you will lose the familiarity and customized workflows of the BPCS system.
But that’s not it.
Here’s what else you may miss if you switch to a new ERP system.
1. Increased Productivity
Switching from the BPCS accounting system to new ERP software can turn down the increased productivity of your team.
Thinking “How?”
AS400 accounting software is truly a game-changer to increase productivity.
By automating routine tasks, it frees up your team’s time, enabling them to focus on strategic initiatives that contribute directly to business growth.
Consider the typically labor-intensive task of generating invoices.
In a new ERP system’s manual setting, your team would need to painstakingly create an invoice for each transaction, which is time-consuming and prone to errors.
Now, envision the same task with BPCS and its automation.
The system automatically generates an invoice as soon as a sale is made. It swiftly pulls in all the necessary details from the transaction and delivers them to the appropriate party, resulting in improved productivity.
The entire process happens without any manual intervention, significantly reducing the chance of errors and the time typically associated with this task.
This increased efficiency isn’t restricted to just invoicing. It permeates through several other accounting functions, such as tracking payments, reconciling bank statements, and generating financial reports.
The BPCS accounting system can automate these processes, thus substantially augmenting your team’s productivity.
Switching to a new ERP may not offer the same level of efficiency, impacting negatively on your overall productivity.
2. Enhanced Decision-Making
The BPCS accounting system is renowned for its real-time data access and comprehensive reporting capabilities, invaluable for making informed, strategic business decisions.
Let’s understand it better with the help of an example.
Consider this scenario: You’re contemplating a significant inventory purchase, which could considerably impact your cash flow.
With BPCS, there’s no need for guesswork or estimations. You can immediately pull up the latest sales figures, current inventory levels, and updated cash flow statements, all with just a few clicks.
This instant visibility not only saves time but also provides an accurate snapshot of your financial situation, enabling you to assess the viability of the proposed expenditure.
Your doubts like – Should you make the purchase now, or would it be more prudent to wait? stand instantly resolved. BPCS ERP LX software provides the insights to answer such questions confidently and accurately.
Beyond real-time data access, BPCS accounting software also shines bright in its provision of comprehensive reporting tools.
Instead of drowning in a sea of raw data, it presents you with an easily digestible and interpretable report. This empowers you to generate rapid reports covering various business aspects, such as revenue growth, cost trends, and profitability ratios.
Your decision to leave BPCS ERP system behind can highly impact your ability to make informed decisions.
3. Effective Risk Mitigation
With its comprehensive, built-in compliance management features, BPCS system is your ally in mitigating potential financial risks that might stem from non-compliance.
Let’s consider an example of tax reporting
With its intricate requirements and firm deadlines, maintaining compliance with tax laws can often seem like navigating a complex puzzle.
Furthermore, miscalculations, missed deadlines, or errors can lead to penalties and, more importantly, blow your business’s reputation. However, the BPCS accounting system is ideal to prevent these mishaps.
Thinking “How?”
BPCS is designed with a thorough understanding of tax regulations. The system is programmed to automatically apply these regulations when calculating your tax liabilities, eliminating the scope of human error.
This feature extends beyond simple calculations, helping with timelines and scheduling. BPCS can also help you track due dates for tax filings and send reminders to the concerned individuals, ensuring that your business never misses a deadline.
This level of risk mitigation support may not be available in the new ERP system.
4. Greater Scalability
One of the key reasons for implementing a BPCS system in your business was its scalability.
While often overlooked, this feature is critical for any Enterprise Resource Planning software.
The business world is never static. As your operations evolve, so do your accounting needs.
A system that was once sufficient may become inadequate as transaction volumes increase, new business lines are added, or your company enters new geographical markets. This is where the scalability of the BPCS system proves invaluable.
Consider this example for better understanding.
Take for instance when your business expands into a new geographic territory.
With this expansion comes an influx of new challenges – varying tax regulations, multiple currencies, and different time zones, to name a few.
But with BPCS, these issues are effortlessly addressed.
The BPCS ERP systems can easily be configured to handle these new complexities, ensuring your accounting processes run smoothly, regardless of the location.
These are just a few of the many.
Transitioning from BPCS accounting software may sound like a smart move, but it is not without its set of challenges.
It’s an overwhelming journey that can turn your established accounting workflows upside down.
Let’s not forget the struggle that comes after the transition.
Instead, you can stay back with the system and seek help from BPCS experts to solve your current challenges.
Next up – let’s explore the role of a BPCS consulting company in enabling you to leverage the BPCS system’s potential fully.
Here’s How Investment in BPCS Consulting Services Proves Strategic!
A BPCS service provider or a BPCS company is a bunch of BPCS experts that play a pivotal role in helping your organization extract the maximum value from your BPCS system.
Leveraging these BPCS services providers’ deep domain knowledge and technical expertise, you can open a new door of efficiency and growth without leaving your trusted system behind.
The BPCS consulting partners ensure smooth and successful integration, modernization, administration and upgrades of your BPCS system.
Let’s look at the services offered by BPCS consulting partner, one by one.
1. BPCS Implementation and Integration
Are you planning to extend the implementation across verticals for the BPCS accounting system or integrate it with a third-party system?
BPCS services providers bring extensive experience implementing and integrating the BPCS modules across various industry verticals.
They guide you through the full-cycle implementation, ensuring the AS400 accounting software aligns perfectly with your business objectives.
2. BPCS Customization and Enhancement
Do you want to customize the accounting software or enhance it for better performance?
Every business has unique accounting needs.
A BPCS services provider can enhance and customize BPCS ERP accounting software to cater to your specific requirements, enhancing the system’s functionality and effectiveness.
3. BPCS Maintenance and Support
Beyond implementation and customization, are you looking for on-going support and maintenance to upkeep your operations using BPCS ERP system?
From routine maintenance to troubleshooting complex issues, BPCS experts from BPCS companies offer comprehensive support services.
Their 24×7 support helps you maintain optimal system performance and ensure uninterrupted business operations.
4. BPCS Training
Does your internal team lack expertise to fully use the BPCS ERP software?
To harness the power of the BPCS system, your team must understand how to use it efficiently. BPCS service providers also offer end-user training, end-to-end support and skill development empowering your team to utilize the system to its fullest potential.
5. BPCS Migration and Modernization
Are you looking to break free from the boundaries of your BPCS legacy system? And embrace the efficiency of the cloud or the latest BPCS version?
When it’s time for an upgrade, BPCS experts from consulting companies can help you migrate to the latest system version with minimal disruption.
They also help you develop a strategic approach to modernize or migrate your BPCS system while minimizing risks.
If you’ve come reading this far, we’re certain that you now understand why leaders are sticking with BPCS Accounting even in 2024, and you should too!
We know what you’re thinking – “Whom can I trust for BPCS expertise?”
Choosing a reliable BPCS service provider is a critical step in your journey toward BPCS excellence.
By partnering with the right company, you get a robust BPCS system and a dedicated team of BPCS experts to help you leverage the system for maximum benefit.
When it comes to trusted BPCS expertise, your search ends at Integrative Systems.
Integrative Systems: BPCS ERP Services and Solutions Partner of Your Choice
In today’s fiercely competitive business landscape, IT decision-makers, like you, need to leverage robust tools like the BPCS ERP system to propel business growth and maintain operational excellence.
The BPCS ERP solutions and services offered by Integrative Systems, help you
- Streamline operations
- Provide rich experiences
- Generate positive ROI, and much more!
The antiquity of your current system should not serve as a barrier to better performance.
With Integrative Systems, you can seamlessly integrate cutting-edge functionality into your ERP LX software without disrupting existing workflows.
Integrative Systems offers a strategic approach to optimize or modernize your BPCS ERP systems, effectively mitigating risk and minimizing disruptions.
You can rely on Integrative Systems’ technical proficiency, proven expertise, and vast business experience for a smooth and trouble-free experience.
Whether you’re a small business owner ready to scale, or an established corporation aiming to elevate your IT operations, the BPCS ERP solutions and services by Integrative Systems provide strategic solutions tailored to your unique needs.
Unlock the full potential of the BPCS ERP system with Integrative Systems today and stay competitive in the future.
Feel we are the match you’re looking for?
Drop us a line with your requirements at [email protected], and our experts will get back to you within 2 business days to chart your path forward.
