ERP for Trading & Distribution Industry –
Sage 300 ERP for Freight Management Companies and Clearing & Forwarding Agencies.
Sage 300 ERP, a robust accounting software application with its flexibility has provided solutions like Sage EES (integrated ERP and CRM) for Trading and Distribution, Medical Equipment Distributors, Wealth management, Real Estate or Realty, Retail and now we move to the Shipping industry.
Freight Management companies and clearing & forwarding agencies both can benefit from Sage 300 ERP since its complete financial management and smart business intelligence tool tackle the finance budgeting and budget management, assets management optimizing money management required majorly by sea freight forwarders. Business forecasting and versatile set of reports covering all angles of accounting requirement gives the financial officers the MIS they always wanted.
Sage 300 ERP is a very specific finance management solution for maritime industry which has modules like General ledger consolidation, Inter Company transactions, Multi-company, Auto bank reconcile, and Budgeting. The nature of Freight management companies is such that it has to operate in multiple countries, In order to meet this requirement a multi-lingual operation with multi-currency is possible Sage 300 ERP.
As freight forwarding industry has customers who have multiple subsidiary companies. National Accounts Management lets you use Accounts Receivable to process single payments from a customer’s head office and apply it to the subsidiary accounts. The module also lets you limit the amount of credit you extend to a company in one step. During receipt entry, Accounts Receivable displays the transactions for all members of the national account at once, so you can quickly assign the payment to applicable customer accounts.
Ideally Shipping industry and sea freight forwarders will have multiple entity where one entity will take care of their consignment booking another entity takes care of container and one more entity will take care of fleet management. The Inter-company Transactions module lets you enter General Ledger and Accounts Payable transactions that affect more than one company by automatically distributing transactions across two or more companies. In addition, its built-in flexibility automatically generates inter-company loan account entries according to user-defined relationship tables called routes. Inter-company transactions simplifies and significantly reduces the amount of work required for inter-company accounting.
Managing assets of sea freight forwarder companies and clearing & forwarding agencies is vital sine they have to book value of assets at any given point of time. Asset Management is a powerful and complete asset management solution with Sage 300 ERP. The core functionality module, Asset Accounting, can be used to process the entire asset accounting transactions, including acquisition, depreciation, adjustment, disposal, merge and split. The higher functionality module, Asset Maintenance and Asset Leasing can be used to facilitate the asset maintenance and lease management
Sage 300 ERP though being a Global ERP, all the local Taxes are configurable in the Administrative module which is the most important requirement when it comes to multi carrier shipping company or forwarding agency because of its multi-national nature.
So if you are looking for a Freight management system or looking for a good ERP Solution for freight management company in Mumbai or India which will take care of the account management along with localized taxation like TDS, write to us at sales@sagesoftware.co.in for a FREE demo or ERP consultation. Get complete view of the features and functionalities of Sage 300 ERP for trading & distribution industry.
