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TMCNet:  Advanced launches next generation finance system for mobile workers; New release designed with mobile, cloud and social technology at its core

[February 25, 2014]

Advanced launches next generation finance system for mobile workers; New release designed with mobile, cloud and social technology at its core

(M2 PressWIRE Via Acquire Media NewsEdge) Advanced Business Solutions (Advanced) has put customers at the heart of the latest version of its market-leading financial management system, e5, which launched earlier this month. e5 Release 5.4 has been specifically designed to support the increasingly mobile and collaborative generation and was inspired entirely by customer feedback.


e5 allows organisations to track projects, create and monitor budgets and forecasts and manage procurement and credit control processes. The latest version includes significant enhancements, and offers a completely transformed user experience. The new HTML5 user interface means that employees can manage and report their financial activity from mobile devices such as smartphones and iPads. The system is also available in the public or private cloud, making it a more cost effective and flexible option depending on customer requirements. Users can now access e5 through one single portal and are offered a more intuitive experience - they can switch seamlessly between applications - boosting both efficiencies and productivity. The fast track implementation approach also means customers can be up and running quicker.

Research by *McKinsey Global Institute (MGI) suggests implementing social technologies among senior staff can boost productivity by as much as 25%. Advanced has included updated social media technology, meaning staff can be more interactive, increasing collaboration and maximising output. As organisations become more focused on outcomes, there has been an increased demand for sophisticated reporting technology. The new analytics software with this release will improve business intelligence and enable organisations to focus on these outcomes, while dashboard technology will provide a simple bird's eye view of how the organisation is performing against key measures, making life easier.

Dean Dickinson, Managing Director Advanced Business Solutions, said: "This latest release is a significant step forward for Advanced. We put our customers at the heart of all of the changes in the latest version of e5 and placed the spotlight on mobile working because this is where we saw an overwhelming demand.

"By 2015 mobile app development projects will outnumber native PC projects by a ratio of four to one **. It is vital for people to be able to manage their organisation's finances from wherever they are working via tablet or smartphone to remain competitive. This new release will make it easy for them to do this.

"This is why businesses are changing the way they work and are looking more intelligently at their finance system options. Customers are realising they no longer need to implement a full ERP system or that they want to replace an ageing ERP system with a something more flexible, scalable and cloud-based which delivers value for money." The Borough Council of Kings Lynn & West Norfolk is one of the first to adopt e5 Release 5.4.

The Council's Chief Financial Officer says: "The Finance team at the Council have used e5 for more than 15 years. The team have developed and expanded their use of the e5 system during this time and are looking forward to the new functionality the latest version brings. The new system has advantages from an audit perspective, and it is anticipated that the new functionality will enable us to continue to develop controls and reporting which will underpin our sound financial controls." e5 can be deployed quickly using the fast track implementation approach and is easily tailored to a company's needs. The system has become the de facto standard for enterprise-scale accounting software in the UK's retail, local government, higher education, financial services and airlines sectors.

In 2011 e5 was accredited by the Institute of Chartered Accountants in England and Wales (ICAEW) as a having market-leading position. * http://www.mckinsey.com/insights/high_tech_telecoms_internet/the_social_economy ** This is according to Gartner research Note to editors About e5 E5 is the market-leading financial management system from Advanced Business Solutions. UK-designed and a fully mature system, it delivers web-based enterprise-scale financial management functionality for truly collaborative commerce. The robust system is cost effective, highly scalable and convenient.

Features include: Financial management Budget creation, monitoring and forecasting Procurement management Business event management Project tracking Receivable and income management Purchase card reconciliation Supplier and Employee expenses management Launchpad About Advanced Business Solutions www.advancedcomputersoftware.com/abs Advanced Business Solutions (Advanced) provides leading integrated business applications and services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies whilst continually improving corporate performance. Advanced prides itself on getting close to its customers by understanding their businesses and responding to their evolving needs. Advanced's software systems comprise core accounting/financial management, procurement, supply chain management, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions to extend the value and effectiveness of the finance, human resource and payroll departments.

Management information systems for school and academies are also provided through Advanced's subsidiary, Advanced Learning. Advanced also provides specialist vertical solutions for the not-for-profit and legal markets. All solutions can be delivered as a managed or bureau service.

Customers are from both the public and private sectors and include Companies House, Newcastle City Council, NHSScotland, Norfolk Constabulary, Edge Hill University, WH Smith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS and RSPB.

Advanced Business Solutions is a division of Advanced Computer Software Group plc, a leading supplier of software and IT services to the health, care and business services sectors.

Angela Mycock and Robert Downes, Advanced Computer Software Group pr@advancedcomputersoftware.com +44(0)1625 856 513 07887 415 232 .

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