Firmway Software Pricing, Features & Reviews
What is Firmway?
Firmway is an accounting software deployed by businesses for efficient financial planning and management. This online software for balance confirmations ensures complete control over staff compliances, audits, finance and accounts. The automated accounting solution handles ITR default status, master data and onboarding for the management of collection lifecycle.
Firmway accounting software can be integrated with the existing ERP for supporting unstructured data and party ledgers. The accounting system also produces excel-based outputs and advanced algorithms for document level matching. Firmway online accounting software can further be used for designing forms for data collection purposes and tracking client responses in real-time.
Go Paperless with Firmway Accounting Software
Firmway software helps businesses go paperless while rationalizing the balance confirmation process and collecting and analyzing responses. The software also offers an onscreen reconciliation platform for sending confirmations and doing follow-ups.
Key Features of Firmway Software
- Portal for tracking the status of confirmations in real-time and summarizing the replies.
- Unique verification system for maintaining compliance with the existing standards.
- Robust audit tools for handling third-party stocks, MSME status, contingent liabilities and transactions.
- Audit documentation for maintaining confirmation records.
- Complete digitization for managing the response rates.
- Centralized monitoring for eliminating the chances of potential collusions and employee frauds.
- Legal validity as the software ensures that the responses are from the right person.
- Increased financial credibility
- Quick and periodic confirmation process for balances
Benefits of Firmway Accounting Software
- Increased response rates due to automated confirmation systems
- Better authenticity and validity of confirmations
- Cost saving as there is less paperwork to do
- Timely follow-ups for reduced debtor collection lifecycle
- Higher compliance standards
How Does Firmway Software Help with GST Reconciliation
- Unique algorithms for accurate matching
- Multi-GSTIN and multi-month reconciliations
- Summarizing vendor responses
- Report extraction from Excel
- Auto-vendor communications
Collection Management with Firmway Software
- Sending weekly outstanding
- Live read and responded status updates
- Capturing customer responses
- Shared dashboard for accounts and sales team
- Chat box for resolving issues