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Digitalization in Finance & Accounting

Digital Accounting Has Transformed Financial Management

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VAV Consultants since 1995

Our experience in accounting and finance is significantly influenced by automation and data-driven technologies.

explore our services
1/ Digital Accounting
2/ Cost Accounting
3/ Multi-site capabilities and Fixed asset management
4/ Cash management
5/ Budgeting
6/ Deferrals

Digital Accounting

Cloud technology enhances data management by reducing waste, lowering costs, and improving communication and collaboration. Automation helps reduce costs and improve efficiency by eliminating tedious manual tasks, allowing accountants to focus on strategic tasks.

Real-time access to data from any location.
Cost savings through subscription models and reduced maintenance.
Enhanced collaboration with multiple users accessing the same data.
Improved security with robust measures to protect sensitive information.
Scalability to support business growth.
Learn More

Cost Accounting

It’s essential for businesses to understand their costs to make informed financial decisions, control expenses, and improve profitability. In cost accounting, you allocate actual and budgeted costs of operations, departments, products, and projects to analyze the profitability of your company. 

Cost Control to ensure you stay within budget.
Cost Allocate between products, services, or departments to determine their true cost and profitability.
Budgeting preparation by providing detailed cost information and forecasts.
Pricing Decisions to help set prices that cover costs and achieve desired profit margins.
Inventory Valuation for financial reporting and decision-making purposes.
Learn More

Multi-site capabilities and Fixed asset management

By leveraging multi-site operations, you can manage operations across various locations from a single platform. This centralization, combined with detailed asset tracking, ensures streamlined processes and reduces administrative overhead.

Enhanced Operational Efficiency with multi-site capabilities, ensuring local compliance and standardized procedures.
Comprehensive Reporting for both multi-site operations and fixed assets approach aids in making informed decisions.
Consolidated Financial Data provides a comprehensive view of the organization's financial health.
Effective asset tracking help to have a clear understanding of asset values and associated expenses.
Learn More

Cash Management

By leveraging multi-site operations, you can manage operations across various locations from a single platform. This centralization, combined with detailed asset tracking, ensures streamlined processes and reduces administrative overhead.

Configure and oversee multiple bank accounts, track purchases, and reconcile statements.
Cash Flow Forecasting helps to make informed financial decisions.
Generate detailed reports to get insights into your cash flow.
Integration with AP and AR, ensuring a smooth flow of financial data.
Learn More

Budgeting

Track business progress using budgets. With access to up-to-the-minute financial information, budgets can build grounded accuracy and relevancy, enhancing decision-making and enabling proactive adjustments.

Budget vs. Actuals Reports track and analyze budget data in real-time.
The Budget Control Framework allows to enforce budget policies, control preventing overspending.
Defining a budgeting hierarchy can support top-down and bottom-up budgeting methods.
Budget Planning supports both long-term strategic planning and annual budget planning.
Learn More

Deferrals

Set up deferral templates that automate the process of deferring revenues and expenses based on a schedule. Recognize revenues and expenses in periods other than the period in which the transaction is posted.

Automated Revenue and Expense Recognition, ensuring that they are recognized in the appropriate accounting periods.
Improved Financial Accuracy - help maintain accurate financial statements, reflecting the true financial position.
Enhanced Reporting - with deferral templates, can generate more accurate and detailed financial reports.
Consistency and Compliance ensures compliance with accounting standards and regulations.
Learn More
explore our services

Digital Accounting

Cloud technology enhances data management by reducing waste, lowering costs, and improving communication and collaboration. Automation helps reduce costs and improve efficiency by eliminating tedious manual tasks, allowing accountants to focus on strategic tasks.

Real-time access to data from any location.
Cost savings through subscription models and reduced maintenance.
Enhanced collaboration with multiple users accessing the same data.
Improved security with robust measures to protect sensitive information.
Scalability to support business growth.
Learn More

Cost Accounting

It’s essential for businesses to understand their costs to make informed financial decisions, control expenses, and improve profitability. In cost accounting, you allocate actual and budgeted costs of operations, departments, products, and projects to analyze the profitability of your company. 

Cost Control to ensure you stay within budget.
Cost Allocate between products, services, or departments to determine their true cost and profitability.
Budgeting preparation by providing detailed cost information and forecasts.
Pricing Decisions to help set prices that cover costs and achieve desired profit margins.
Inventory Valuation for financial reporting and decision-making purposes.
Learn More

Multi-site capabilities and Fixed asset management

By leveraging multi-site operations, you can manage operations across various locations from a single platform. This centralization, combined with detailed asset tracking, ensures streamlined processes and reduces administrative overhead.

Enhanced Operational Efficiency with multi-site capabilities, ensuring local compliance and standardized procedures.
Comprehensive Reporting for both multi-site operations and fixed assets approach aids in making informed decisions.
Consolidated Financial Data provides a comprehensive view of the organization's financial health.
Effective asset tracking help to have a clear understanding of asset values and associated expenses.
Learn More

Cash Management

By leveraging multi-site operations, you can manage operations across various locations from a single platform. This centralization, combined with detailed asset tracking, ensures streamlined processes and reduces administrative overhead.

Configure and oversee multiple bank accounts, track purchases, and reconcile statements.
Cash Flow Forecasting helps to make informed financial decisions.
Generate detailed reports to get insights into your cash flow.
Integration with AP and AR, ensuring a smooth flow of financial data.
Learn More

Budgeting

Track business progress using budgets. With access to up-to-the-minute financial information, budgets can build grounded accuracy and relevancy, enhancing decision-making and enabling proactive adjustments.

Budget vs. Actuals Reports track and analyze budget data in real-time.
The Budget Control Framework allows to enforce budget policies, control preventing overspending.
Defining a budgeting hierarchy can support top-down and bottom-up budgeting methods.
Budget Planning supports both long-term strategic planning and annual budget planning.
Learn More

Deferrals

Set up deferral templates that automate the process of deferring revenues and expenses based on a schedule. Recognize revenues and expenses in periods other than the period in which the transaction is posted.

Automated Revenue and Expense Recognition, ensuring that they are recognized in the appropriate accounting periods.
Improved Financial Accuracy - help maintain accurate financial statements, reflecting the true financial position.
Enhanced Reporting - with deferral templates, can generate more accurate and detailed financial reports.
Consistency and Compliance ensures compliance with accounting standards and regulations.
Learn More
Our D365 BC strategy

That facilitate digital accounting and business transformation for SMBs

Unified Financial Management
Automation and Efficiency
Real-Time Insights
Scalability and Flexibility
Compliance and Security
Seamless Integration

Unified Financial Management

With D365 BC we integrate financial management with other business processes like sales, service, and operations.

This unification helps SMBs manage their finances more efficiently, from budgeting and cash flow projections to bank reconciliations and fixed asset tracking.

Automation and Efficiency

By automating routine accounting tasks, such as invoicing, expense tracking, and financial reporting, we reduce manual errors and saves time.

 This allows SMBs to focus on strategic activities that drive growth.

Real-Time Insights

D365 BC provides real-time business intelligence through dashboards and reports, enabling SMBs to make informed decisions quickly.

The integration with tools like Power BI further enhances data analysis and visualization capabilities.

Scalability and Flexibility

As a cloud-based solution, D365 BC offers scalability to grow with the business.

SMBs can easily add new users, modules, or functionalities as needed, ensuring the system adapts to their evolving needs.

Compliance and Security

D365 BC ensures data security and compliance with regulatory requirements through features like role-based access, encryption, and audit trails.

This is crucial for SMBs to maintain trust and meet legal obligations.

Seamless Integration

D365 BC works seamlessly with other Microsoft 365 applications, such as Outlook, Excel, and Teams, reducing data silos and improving collaboration across the organization.

Take Control of your Digital Accountancy and Finance Today!

We’ve got your solutions. You no longer need the questions.

Choose Us!