Amadeos 

The advantages to an Internet-delivered accounting service are clear, and the economics are compelling. The Web is everywhere, and therefore a web-delivered application is available anywhere. From a hotel room, to a branch office, to an auditor's conference room–Internet-delivered accounting is now accessible anywhere and all the time.
Most businesses are in business to do something other than accounting. In the past, acquiring the equipment, consultants and expertise to run a general ledger and other financial programs has been a costly but necessary part of being in business. Even now, in a rapidly evolving and competitive market, where technology is reinventing itself every few years, avoiding the large investments in information systems that will be outdated in a few years is the most pragmatic and cost-effective decision any business can make.
Internet based accounting software can reduce these costs materially by offering a more efficient and cost effective system. With our solution, there are no costly software and hardware investments required. We manage the hardware and software required to deliver the most powerful web-based enterprise management system available anywhere. This saves our clients time, headaches and the expense normally associated with this kind of power.

Access anytime, anywhere

Access to Internet based software is available 24 hours a day, seven days a week, and levels of authority are controlled by user-defined passwords. Internal and external users can view up to the minute financial details from any location using a normal Windows PC and a Web browser. With the Web expanding to all corners of the world, our web-delivered application is equally as vast. Whether a branch office, a hotel room or an auditor's conference meeting—the web software is accessible anywhere and all the time.

Availability/up-time

The system has been designed as a mission-critical, high-availability enterprise solution. Although, 100% uptime cannot be guaranteed in any system, our Web system has taken a number of precautions to ensure maximum uptime:
Redundant Linux application servers and other network components
Robust databases that "mirror," or replicate, all client data, so that multiple copies exist of all customer data at any given time
Redundant, high-speed connections to the Internet
Back-up UPS that ensure continuing operation even in the event of a power outage.

Scalable

We use powerful SQL database technology, which means maximum scalability. Scalability is an indication of how easily a system can accommodate larger and larger amounts of data and numbers of users without deterioration in performance. Our Web solution is fully web and SQL based, it is equal in scalability to the largest and most powerful systems in the world.

Stable/high-end database

One of the common shortcomings of many accounting systems is that they incorporate weak database technology that does not scale nearly as well as higher-end SQL databases.
 

Multiple locations

With our system a client can easily add locations anywhere. There are no special software or setup requirements. When a user has a password and an Internet connection the system is available anywhere at a moments notice.
 

Multiple users

Our system can handle an unlimited number of concurrent users from anywhere in the world. Each user is assigned customized privileges.

10 levels of centers/dimensions

Centers/dimensions are at the heart of developing sophisticated reporting systems. Our system offers 10 levels of centers for maximum detail. These centers can be created for locations, departments, territories, projects, client's relationships, managers and employees. Within each center group, an unlimited amount of center detail items can be added.
After the center system is established, whenever data is entered, the system prompts the user to distribute the data into the appropriate center/dimension categories.
 

5 roll up levels (trees)

The software is extremely powerful. In addition, to the 10 levels of centers /dimensions, there are five levels of detail roll-ups. At the most basic detail level is the product. 1) Products roll into 2) budget codes and budget codes are rolled up into 3) accounts. Accounts are rolled up into account 4) qualities and account qualities are rolled up into 5) master qualities. Reports are generated based on roll up levels. Account qualities enable users to assigns rules and control data entry. These rules include requiring data entry to include partner name, invoice number and center information. Qualities are also an integral part of the reporting system.
 

Custom reporting

Our web solution presents data in a clear format. Its simple and intuitive point-and-click drill down system allows users to obtain answers to questions easily without having to contact various people. The extent and user friendliness of the reporting features are unmatched
 

Automatic reporting

In addition, the application can allow for the automatic sending of custom reports to specific users on a regular basis.
 

Budgeting

The system includes professional-strength budgeting tools that enable clients to forecast values of any line item in any period. Its budgeting system can prepare budgets for any combination of departments, locations, or account structures. After a budget is complete, the system automatically creates budget variance reports to enable analysis of the business' actual performance versus plan.
 

Multiple account structure
Unlimited, customizable journals
Users can create customized journals based on new row numberings. For example, when creating sales invoices, it is possible to have multiple concurrent invoice numbering systems. If a company has two offices on one street, the first office can create invoices numbered 1001, 1002, 1003 and the second office can create invoices numbered as 2001,2002,2003,2004.

International

The world is becoming a smaller and smaller place, so it is increasingly important to obtain single system solutions that can be deployed globally. However, this "dream system" must be balanced with the expense and complexity of user set-up, friendliness and local requirements.
Therefore, first and foremost, a global system must maintain the accounting in accordance with each countries local customs and statutory regulations. WEB addresses these concerns by having custom systems running locally in each country. The actual data collection and entry is 100% independent of the accounting. Source data entry documents are then recorded in the General Ledger where the documents are coded in conformance with each country's specific requirement. Detail journal entries are made for each transaction and rolled up into one master set of company accounts.
 

Multilingual

Communication is the heart of any information system. Without excellent communication via a user-friendly and intuitive interface, the user will not fully embrace the information available. For every page the user views, he can customize all titles on the fly for his company in up to 3 languages. Additionally, all user entered descriptions can be entered in 3 languages.

Backup

Our secure back-up system requires daily backups to multiple media and those media being stored in secure, off site facilities. For a single firm to establish the professional back-up systems and security precautions that we have implemented would be both inconvenient and expensive. Backup is a critical part of our job, and we have top professionals managing the system to ensure the most secure back-ups possible. Plus, at the client's request, we provide copies of back up data for their own safekeeping.

Multi currency

Our system can handle multi currencies. That means we track a transaction in multiple currencies and with their respective exchange rates. Often special rules apply regarding the tracking and storing of currency data.
 

VAT (various methods)

Value Added Tax or similar taxation systems are used in many country's. Each country typically has specific rules regarding the tax computation. For example, certain countries use an accrual accounting system with a cash basis VAT system. Other countries use a modified system using accrual basis for paying and cash basis for reclaiming VAT. Additionally, various rounding methodologies are applicable from country to country. There is also the issue of the special reverse charge scheme and paying VAT based on money paid in advance. Our solution is designed for flexibility and can be easily adjusted for any country's unique sales or VAT requirements.

 

Cost effective

By grouping clients we deliver to each a much greater value proposition than they could obtain individually. That means that each client has access to a system, security, technology and support that would normally be inefficient to purchase as a signle entity.
 

Outsourcing

Most companies have embraced outsourcing as a better way to focus on core competencies. With the advent of our sophisticated web-based accounting system, the ability to outsource part or all of an organization's non-core back office is compelling. Outsourcing the system administration, back-up and back office headaches is the clear choice for successful organizations of the future.
 

No upgrades

Normal software purchases require constant enhancements, patches and upgrades. But the WEB system is updated and improved on a continual basis. This compares favorably with traditional systems in which customers receive patches and enhancements once or twice a year. The result is that we are more responsive to clients' needs and WEB always is the latest version.
 

No more back-up worries

Backups are a critical part of any company's operation. Therefore, we back up all client data on a continuous basis. Data backup methods include disk mirroring, tape backup, and burning to CDs. This perpetual protection of data protects organizations against from the unlikely event of data loss. Copies of the backups are sent to clients at their request.
 

1-2-3 /No system administration

Typically, clients require an IT professional staff or consultant to maintain and administer a core accounting systems. Systems that run on high-end SQL server databases, like ours, require an IT professional on staff or on call. Salaries for this caliber professional are high and replacing these individual uncomfortable. With our system the need for this costly support is eliminated.
 

Monthly fees vs. up front investment

With our web-based model for accounting, an organization receives all the power, performance, and security benefits of a $100,000 client/server system, but without the expensive software licensing fees, hardware and networking costs, annual maintenance and software upgrades.
 

Pay as you grow

Our pay-as-you-grow approach frees most businesses (and consultants) from the need to maintain and upgrade computers and software in order to keep up with growth. Our solution makes decision-making and planning easier by adding a level of flexibility never before available.
Our product offers clients the ability to spread the cost of the software over time to achieve a better matching of expenditures to the benefits produced by those expenditures. There are no annual upgrades or installation problems. Fees are charged based on usage and support. Imagine unlimited growth - being able to scale up and scale down according to market conditions. Our system provides business owners and managers with a level of financial sophistication, capabilities and vision that were never available before.
 

Low costs for multiple locations

Companies with multiple locations typically require complex, expensive solutions to accommodate remote access to the accounting system. With our system multiple locations are not an issue. As long as a user has a PC and access to the Internet, locations can come and go as the client's organization evolves.
 

Low up-front costs - software

When purchasing new software, the purchaser takes a risk that the software will not perform as originally described or expected. Additionally, large up front fees and investments are required which lock the purchaser into additional unforeseen consulting, customization and annual upgrades.
WEB software offers clients the ability to spread the cost of the software over time in order to achieve a better matching of expenditures with the benefits produced by those expenditures. There are no annual upgrades or installation problems. Fees are charged based on usage and support.
 

No/Low hardware investment required

When purchasing new software often, new file servers, network software and security are required. Additional RAM, hard drives and better processors are also required. The issue of bigger, hard drives; more powerful processors and secure back up systems are a continual source of maintenance and expense. By using our service, these perpetual hardware upgrades spending are reduced. Our clients use our servers, hard drives and network security. We continually upgrade and maintain the equipment and system. We deliver all of this power through a simple web browser that comes pre-installed on most desktop PCs.