Top five ways Bevica can improve your financial capabilities

Maintaining a robust financial strategy is crucial for ongoing success in today’s challenging business landscape. Bevica (powered by Microsoft Dynamics 365 Business Central) is a comprehensive business management solution designed to streamline and enhance financial operations. Here are the top five ways Bevica can significantly improve your business’s financial capabilities.

1. Comprehensive financial management

Bevica offers businesses a full suite of financial management tools, including:

• General ledger: Bevica allows businesses to maintain a detailed and flexible general ledger with advanced capabilities for managing finances across multiple entities.
• Multi-currency support: Bevica can easily manage transactions in different currencies, crucial for businesses operating globally.
• Tax management: With Bevica’s Making Tax Digital integration, you can streamline tax calculations and compliance, ensuring accurate and timely reporting.

These tools provide a solid foundation for managing all aspects of your business finances, from daily transactions to complex financial structures.

2. Streamlined financial processes

Efficiency in financial operations is critical to reducing overheads and improving accuracy.

Bevica helps streamline these processes through:

• Automated workflows: Bevica’s automated approval workflows and document management will help reduce manual data entry and minimise errors.
• AI-supported bank reconciliation: With the help of Microsoft Co-pilot, you can simplify the reconciliation process with automatic matching of bank statement lines to ledger entries.
• Invoice management: Bevica also has the capability to automate invoice processing, from creation to payment, reducing time and effort required for accounts payable and receivable.

By automating repetitive tasks, businesses can focus more on strategic financial planning and analysis.

3. Robust budgeting and forecasting

Effective budgeting and forecasting are essential for financial planning and resource allocation.

Bevica enhances these capabilities by:

• Budget management: With Business Central, you can create and manage multiple budgets, track performance, and make adjustments as needed.
• What-if scenarios:  It also has the capability to simulate different financial scenarios to understand potential outcomes and prepare for various contingencies.
• Forecasting tools: Use historical data within the system and predictive analytics, Business Central allows you to generate accurate financial forecasts.

These features enable more accurate financial planning and help ensure resources are allocated effectively.

4. Improved cash flow management

Cash flow is the lifeblood of any business, and effective management is crucial for sustainability and growth.

Bevica helps businesses improve their cash flow management through:

• Cash flow forecasting: Bevical allows you to monitor and forecast cash flow to ensure liquidity and make informed investment decisions.
• Collections management: It also automates and streamlines the collections process to reduce outstanding receivables and improve cash inflows.
• Supplier management: Bevica allows business to optimise payment schedules and terms with suppliers in order to enhance cash flow management.

By providing better control over cash inflows and outflows, Bevica helps businesses maintain a healthy financial position.

5. Enhanced financial reporting and analytics

Bevica will provide your business advanced reporting and analytics tools that allow for real-time visibility into your financial data.

These include:

• Customisable reports: With Bevica, you can tailor financial reports to meet specific business needs. This will enable you to deliver more precise analysis and decision-making.
• Power BI integration: Seamless integration with Microsoft Power BI will allow you to create interactive dashboards and reports, providing deeper insights into financial performance.
• Access to real-time data:  With Bevica, up-to-the-minute financial data is at your fingertips, facilitating quick responses to changing business conditions.

These tools help businesses to better understand their financial health, track performance against goals, and identify trends and opportunities.

What Bevica can do for you?

If you are looking for a system that can transform your financial capabilities, Bevica would be a good fit for you.

Bevica is cloud-based drinks industry-specific business management solution. Powered by Microsoft Dynamics 365 Business Central and its essential ERP functionality, Bevica has a unique feature set specially tailored for the drinks industry.

Want to find out more about Bevica and how it could modernise and improve your business processes and productivity? Book a demo with one of our expert team today.