Greetings from Reachware,

Whenever we think of integrations, the Reachware platform is the first thing that comes to mind, thus we are very proud to present to you the latest updates on Reachware, the leading integration platform, as they happened during the course of 2022. We hope you find our collection of news interesting and informative.

Importance of Integration for your business?

Having your technology talk to each other not only improves data visibility and accessibility, but integrations can also complement the way your teams operate with each other to save time and allow your business to run smoothly. 
 
Integration ensures that all systems work together in harmony to increase productivity and data consistency. In addition, they aim to resolve the complexity associated with increasing connectivity between systems, as they provide a reduction in the effects of changes that may have on these systems.
 
When you're looking to purchase new software for your business, it's well worth the extra time and cost on the front end to ensure the new software integrates with your existing systems.

Reachware platform integration at a glance
What is Reachware Platform?

Reachware is an integrated Platform as a service (IPaaS) that enables systems to talk seamlessly with each other and allows separate SaaS systems to function as a single ecosystem.

Reachware Extensions

1- Basher-HR

With Basher-HR, you will provide your HR department with a complete payroll functionality built on NetSuite, it manages everything related to the employee payroll process. This provides a consistent experience across devices, enables a single source of truth for payroll data to improve decision-making, and enable market-leading innovation to meet your needs today and in the future.


Key Features

• Employee Portal
• Workflows
• Time Tracking and Leave Entitlement
• Employee Benefits Administration
• Employee Self Service
• Audit Reports
• Multiple Currencies
• Customizable Pay slips
• Loans, Advance, and Bonus
• Full and Final Settlement
• Payroll on Cloud
• Allows customizations
• High Accuracy and on time
• Low processing time
• Minimal Manual Intervention

 
 
2- Advanced Budgeting (p2p) - Fund Request approval

This FRA module covers how to setup department “Cost Center” wise multiple budget plans & utilization, for purchase operations with an approval process. It helps management to evaluate business alternatives and set targets for utilizing the budget for purchase operations. This will perform real-time, multi-dimensional modeling of purchase planning and budgeting data. Department wise multiple budget plans help to control the Fund request approval process for creating the purchase requisitions and Purchase orders to Vendors. This is intended to provide a holistic budgeting solution for all Industries it also allows for moderate customization to your business and acts as a springboard to accelerate future growth.


Key Features

• Fully automated use of the budget
• Increased cooperation with business stakeholders
• The FRA will have multiple PR/PO approved transactions.
• Advanced flexibility in workflow levels
• The process of requesting funds and using the budget.
• Real-time calculations
• Apply for partial FRA and PR payments.
• A separate record of the fund application approval process
• Use the procurement budget.

 
3- Investment/Portfolio Revaluation

• Management of investment revaluation compared to old and new stock prices
• Automatic Realized Profit/Loss Calculations with Financial Effects
• Easily create investment payments based on payment status

 
Key Benefits

• Complete Investment Management / Portfolio Ratings for investment managers who need an in-depth assessment analysis of their investments.
• Fully automated investment/portfolio valuations with daily, monthly, and quarterly real-time market prices.
• Automatic financial effects with profit/loss values
• Flexibility to add entire investment/portfolio information using dynamic filters

 
Features

• Investment Management
• Investment evaluations
• Automatic financial effects
• Flexibility in adding investment information

 
4- AP/AR Netting

RW AP/AR netting enables you to settle mutual open balances across customers/Vendors. It will generate netting settlements, which reduce inaccuracies made through manually generated settlements. RW AP/AR bundle provides you with the power to eliminate excel and manual efforts from your company's Accounts payable and Receivables netting. The netting settlement provides the creation date, currency, and posting period. Supports all classifications and custom segments. If the netted transactions specify department, class, location, or custom segment, it groups the lines in the netting settlement based on these classifications. It will maintain all relevant AP/AR netting review details (i.e., netting date, approval status) and provides a link to the related transactions and the amount applied to that transactions.


Key Features

• Manage the complete AP/AR netting cycle.
• Fully Automated netting settlements on AP and AR open bills along with accounting impacts.
• Less manual effort is spent in reconciling, revaluing, and netting open AP/AR balances
• Auto payment is applied for open Invoices/bills with netting settlements. These netting settlements represent the general ledger impact of netting on each transaction.
• Easy to find the maximum nettable amount from each AP/AR side.
• Eliminates Manual efforts and excel workings to track Open Payables and Receivables adjustment.
• Flexible to select default Account receivable and payable accounts on netting review and advanced date filters to populate the limited AR/AP transactions.
• Automated AP/AR Netting Settlement transaction creation along with separate auto-numbering sequence for each netting.
• Flexible Advanced workflow levels on AP/AR netting settlement and review record.
• Real-time reports for AP/AR netting settlements

 
5- Property Management

This extension manages properties rental/Sales on NetSuite like overseeing of residential, commercial, and/or real estate, including warehouses, showrooms, white lands, empty units, flats, and common areas. And managing the property that is owned by another party. Along with handling the rental agreements, contract renewals, and capturing the income and expenses of that properties. It helps accountants to track available properties for rent/sale, revenue management, renewal of properties, and receipts from customers. And easily accountant will tag the maintenance cost for the properties. This will perform real-time transactions and reports.
 
Key Benefits

• Increased asset utilization through total visibility.
• Single billing for the whole contract and easy monthly revenue recognition
• Automated email notifications for property status updates or recurring invoices.
• Auto Property Contract renewals
• Easily track and manage the entire life cycle of a tenant, from the moment of identifying an opportunity to the creation of a tenancy contract.
• Consolidated financials view for Property analysis.
• With real-time dashboards, managers gain better insight to sell, upsell, drive renewals, and properly set customer expectations.

 
 
Features

• Total Visibility
• Revenue Recognition
• Email Notification
• Auto Property Contract renewals
• Manage the Entire Life Cycle of a Tenant
• Consolidated Financials View
• Real-time Dashboards

 
6- InsightView

InsightView is empowering organizations to get the most out of their data. It focuses on helping people see and understand data. Regardless of their role, people and teams use InsightView to uncover new insights and opportunities and create a culture of data-driven decision-making like never before.

As the market-leading choice for modern business intelligence and data visualization, the InsightView platform makes it easy for business owners to explore and manage data to discover and share insights that can change business and the world. InsightView platform can help reduce time spent preparing data, allow business users to uncover trustworthy insights in a self-service manner, and integrate data across the enterprise to speed up time to those insights.
 
Why InsightView?

• Faster decision-making
• More agile business operations
• Quick fixes of operational issues
• Rapid response to market trends
• Better customer service

Bonat Spades

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Customers
Having a comprehensive understanding of your clients is key to achieving core business goals. At Reachware we partner with our customers to deliver the most innovative integration solutions for after-sales service.


 

Coming soon

- Leap 2023 Exhibition