Comparison Analysis of ACCPAC and China Mainstream Finance Management Software

ACCPAC has been survived for application in the world about 20 ears£¬which is super management software on internal control, businesses integration and flexibilities, including the complete finance and distribution solution, e-Commerce and some special enterprises. Here we would like to provide you some comparisons with other financial software in China as references.

First, ACCPAC concentrated into internal control functionality, it involves many advanced management logic and theory

ACCPAC has some strict control system not only for its own securities group setting but also for enterprises by the related setup inside to prevent them from any inappropriate operation. All interfaces look very friendly to the end-users, easy to use, flexible to setup according to clients business requirements£¬ its operating routine from invoices transactions to receipts and payments control is more smooth. For some domestic financial software, many of them were developed from original manual booking, focusing the accounting field especially, but it is difficult to find the clear management logics indicated, just simulate the manual booking system and method, and the scope to handle complicated businesses is more narrower. ACCPAC consultants can help the customers to design all kinds of proper business routine and internal control system.

Second, ACCPAC adopts the auditing demands, it keeps full audit trial records

Today, in many countries where computerization level is higher, they always ask the system to track all historical data, and this function is being the main factor to estimate standard financial management software such as in USA and Canada. In ACCPAC, you can drill down from general ledger to subledger, from subledger to journals, then go to original invoices or payments entries. And any modification and operations will be recorded in the system step by step according to the different operator so that we can track all transactions activities, it provides the detailed clues and convenience. For some financial system designed by domestic providers, no detailed records are kept so it ignores the current requirements of auditing.

Third, ACCPAC modules integrated completely

ACCPAC has 6 basic modules and three for Finance and three for Distribution, they are integrated intimately to deal with all kinds of businesses occurred in Enterprise from Accounts Receivable to Accounts Payable, from Order entry to purchase Order, and General ledger and Inventory Control take the core role of the whole system, all information are from foreground modules then transfer all GL distribution into Finance subsystem automatically, keep data processing consistency, they could be grouped freely according to the Enterprise size on large or small scale. Some domestic financial software mainly focus on the accounting field then enlarged with several subsystems based on accounting structure not the businesses management and control within whole Enterprise, sometimes they are local for finance field not global for the distribution field and Enterprise Resource Planning field.

Fourth, Flexibilities of ACCPAC

ACCPAC is designed according to the Industry Standard, but Enterprise has many choices to setup the system according to its requirements and reengineering the business solutions, such as multi-segment account codes to assign the cost centers, divisions and departments, to generate
various financial statements; to tailor the system in order to adopt the particularities. Some domestic systems are also structured like building block, clients could choose what they want, but as soon as the system is initialed, the processing method and control between subsystems are
fixed and hard to make any changes such as the levels of account codes, the length of each level, and GL accounts implications.