SlideShare a Scribd company logo
Benefits of Running Accounting Software on
AS400 Operating System
Are you wondering if your business could benefit from the AS400 operating system?
Well, for companies that need a reliable and secure framework to operate mission-
critical applications, it is especially an ideal investment.
The AS400 operating system is developed for medium- to large-sized companies. It is
a platform that offers a lot of versatility along with a broad spectrum of software
applications to serve various organizational needs.
The IBM i framework has been employed for over two decades now, and the
software solutions built on it are widely implemented by many organizations
worldwide. Finance, banking, healthcare, manufacturing, and insurance are to name
a few industries that leverage the capabilities of the AS400 system.
One of the most preferred software applications by businesses that are run on the
IBM i platform is the AS400 accounting software. This software solution assists
businesses in managing their accounts, financial transactions, and other relevant
functions.
In this blog, we’ll cover all details pertinent to the AS400 accounting software. But
before that let’s go through the various types of AS400 operating software.
What Are the Different Types of AS400
Operating Software that Businesses use?
The AS400 operating system is a powerful platform for businesses that seek a
reliable and versatile computing ecosystem. The following are some of the popular
AS400 software applications used by businesses in all industries:
1. ERP Software
One of the most popular AS400 software used by businesses is enterprise resource
planning (ERP) software. Businesses can manage their finances, inventories, supply
chain, customer interactions, and other essential operations with the use of the
AS400 ERP software.
2. Database Software
The AS400 supports a relational database management system (DBMS) called DB2. In
addition to DB2, the AS400 operating system can employ Oracle and Microsoft SQL
Server, other third-party database software solutions.
3. Financial Software
Financial software that enable companies to manage transactions across various
banking platforms and systems are also frequently built on the AS400 operating
system.
4. Security Software
The AS400 platform is renowned for its robust security features. There is a range of
software solutions supported by the AS400 operating system for businesses that
improve security, including data encryption, intrusion detection, and security
management tools.
5. Accounting Software
The accounting software developed on the AS400 platform aids in the management
of accounts receivable, financial transactions, accounts payable, general ledger,
financial reporting, etc.
Now let’s understand what AS400 accounting software is in more detail!
AS400 Accounting Software Overview
The AS400 accounting software is a technological solution that is built to manage
financial and accounting operations on the AS400 IBM i platform.
It equips organizations with a comprehensive set of advanced capabilities for
handling invoicing, payroll, and other accounting tasks, as well as financial
transactions.
By integrating with other applications, the software enables companies to automate
their business processes. As a result, companies can increase operational
effectiveness, minimize human error, and cut costs and time spent on manual tasks.
CONNECT WITH US
Critical Features of AS400 Accounting Software
As mentioned before, the IBM i AS400 accounting software offers a range of features
that can assist businesses in streamlining their accounting procedures. The following
are some of its critical features and functionalities:
1. General Ledger
The general ledger is a critical component of any accounting software, including the
IBM i AS400 accounting software. Organizations can use this feature to keep track of
all their financial activities, such as orders, expenditures, and payments.
It also enables the generation of financial statements, like income statements and
balance sheets, that give a brief overview of a company’s financial situation.
2. Payroll Management
For most companies, managing payroll is a vital task, and the accounting software,
built on the AS400 operating system, provides many capabilities to make this process
easier to manage.
Businesses can use this tool to monitor vacation and sick leaves, manage employee
benefits, and determine employee compensation.
In order to ensure that companies are in compliance with every applicable law, this
software also enables the generation of tax filings and payroll reports.
3. Budgeting and Forecasting
Budgeting and forecasting tools are necessary for companies that want to manage
their finances effectively and make reliable business forecasts.
To their rescue comes the IBM i AS400 accounting software, which offers a range of
budgeting and forecasting features. These capabilities help businesses establish
budgets, monitor expenditures against budgets, and predict future cash flows and
income.
4. Accounts Payable
Another critical feature of IBM i AS400 accounting software that enables companies
to manage all of their payments and outstanding invoices is accounts payable. This
feature ensures that your invoices are paid on time, preventing late fees and
penalties.
Additionally, it facilitates the tracking of payments from vendors and the generation
of reports to enable organizations to evaluate their cash flow and manage their
expenditures efficiently.
5. Inventory Management
Many organizations, especially those in the retail and manufacturing industries, place
a high priority on inventory management.
AS400 accounting software offers a great many capabilities to help manage
inventory and track stock levels. Additionally, it assists in managing the transfer of
inventory between centers and reordering goods as inventory levels drop.
6. Compliance with Regulations
Accounting software can assist companies in complying with tax regulations and
accounting standards such as SOX (Sarbanes-Oxley Act) and GAAP (Generally
Accepted Accounting Principles). This reduces the likelihood of incurring monetary or
legal implications.
Additionally, the software solution offers tools for financial reporting, audit trail
creation, and tax reporting to help organizations comply with regulatory standards.
7. Financial Reporting
The financial reporting feature offered by this software enables organizations to
build financial reports, such as balance sheets, income statements, etc., that are
reliable and accurate. You can generate these financial reports in real-time and tailor
them according to your business requirements.
8. Fixed Assets
The fixed asset management feature of the software keeps track of your assets and
monitors their depreciation over time. It gives businesses a realistic estimation of the
worth of their assets, enabling them to decide effectively on purchase, sale, or
replacement of them.
Benefits of Leveraging the AS400 Accounting
Software
The following are some of the key advantages of using the IBM i AS400 accounting
software:
1. Accessibility
Accounting software gives numbers meaning while carrying out automatic
calculations. They give non-accounting users the power to manage finances. Business
owners and other employees can carry out all accounting tasks without any or
minimal training.
You can perform all tasks while adhering to legal requirements using a desktop
computer or a mobile device. And you can accomplish it without spending money on
a third party to update the budget.
2. Security
The most important information for a business is its financial data, which must be
protected from theft or accidental loss.
Exactly that is what accounting solutions do for their users—they guard against any
threat to accounting and maintain a backup in case you need to recover the original
documents.
The AS400 operating system is renowned for its security features, which include
access controls, embedded encryption, and audit logs. This essentially means that
organizations can rely on the security of their financial data.
3. Scalability
The AS400 account software solution provides its users with scalability by managing
a massive number of monetary transactions. They accomplish this without any
system crash or shutdown. That’s why it is an excellent choice for companies that
need to process big chunks of financial data frequently.
4. Seamless Integration
This software application is compatible with other tools and apps built on the AS400
platform. Its integration capability makes it easier for accounting software to
integrate seamlessly with:
• Customer relationship management systems
• Supply chain management systems
• Inventory management systems
5. Reliability
The AS400 platform has a reputation for reliability. The software is known for its
outstanding uptime and is built to run nonstop 24 *7. This means that companies
don’t need to be concerned about system outages or downtime when employing the
software to organize their accounting data.
6. Multi-currency Support
Multi-currency capability is a crucial component of AS400 accounting software for
companies that operate internationally or trade with foreign currencies. Businesses
can use this functionality to track currency rates and manage multiple-currency
transactions.
7. Automation
The AS400 accounting software provides organizations with automation capabilities
that assist them to save time and eliminate human errors.
Setting up your accounting software requires an initial time investment, just as with
any new software system. But once you do, it will automate tedious and repetitive
bookkeeping and accounting operations, saving you hours of effort every week.
For instance, companies can automate the steps that involve creating reports,
generating invoices, and setting up payments. This frees up resources for other
operations and saves organizations money and time on manual tasks.
8. Customization
There isn’t any “one-size-fits-all” accounting software system because each
organization performs different financial calculations and follows a unique set of
standards.
However, the AS400 accounting software is a flexible software application that
you can customize according to your business operations. This is one of the best
advantages of the AS400 platform and can certainly help your business grow.
This functionality helps you add new capabilities to your accounting software,
update its user interface, and integrate it with other tools and applications.
9. Cost Savings
Accounting software solutions take charge of your revenue stream and automate
administrative procedures and fundamental calculation processes. These
applications also reduce the need to hire external finance management expertise.
In addition, they lower the cost of printing and publishing finance documents and
store critical information in secure places that are carefully monitored at all
times.
10. Accuracy
When you use accounting software, you don’t have to manually update several
cells in multiple sheets every time you make an adjustment to your records.
Rather, any adjustments you make will be automatically reflected in your
financial statements and reports, enabling you in maintaining accurate data.
Now you are aware of all the critical features and benefits of the AS400
accounting software built on the IBM i AS400 operating system. The only concern
that remains is where you can get one developed tailored to your business needs
or update your legacy accounting software.
Build a Customized AS400 Accounting
System with Integrative Systems
Are you looking to custom develop, upgrade, and optimize your IBM I AS400
software application cost-effectively?
If that’s the case, Integrative Systems is here to help you!
Integrative Systems is an AS400 development company whose primary goal is
to help you transform your vision into reality by providing you with excellent
AS400 software development and support services.
Our in-house AS400 development team boasts technical expertise and
experience in designing and creating high-end AS400 software solutions for
various industries, domains, and verticals.
As we have 20 years of experience in this field and are an IBM Silver Business
Partner, you can put your faith in us when it comes to AS400 applications of any
complexity.

More Related Content

Similar to Benefits of Running Accounting Software on AS400 Operating System

FinancialForce Accounting Datasheet
FinancialForce Accounting DatasheetFinancialForce Accounting Datasheet
FinancialForce Accounting Datasheet
Swiftype
 
Experience Flexible, Efficient and Accurate Payroll Software
Experience Flexible, Efficient and Accurate Payroll SoftwareExperience Flexible, Efficient and Accurate Payroll Software
Experience Flexible, Efficient and Accurate Payroll Software
Eilisys Technologies
 
What Is The Development And Adoption Of The Accounting...
What Is The Development And Adoption Of The Accounting...What Is The Development And Adoption Of The Accounting...
What Is The Development And Adoption Of The Accounting...
Erin Torres
 
How To Choose The Right Invoicing Software 10.pdf
How To Choose The Right Invoicing Software 10.pdfHow To Choose The Right Invoicing Software 10.pdf
How To Choose The Right Invoicing Software 10.pdf
Invoicera
 
Cloud Based Accounting software
Cloud Based Accounting softwareCloud Based Accounting software
Cloud Based Accounting software
paulwesly50
 
Esop Guardian Presentation
Esop Guardian PresentationEsop Guardian Presentation
Esop Guardian Presentation
Corporate Professionals
 
Affordable Tally ERP 9 accounting software
Affordable Tally ERP 9 accounting softwareAffordable Tally ERP 9 accounting software
Affordable Tally ERP 9 accounting software
Welcometech
 
Introduction and history of tally accounting software
Introduction and history of tally accounting softwareIntroduction and history of tally accounting software
Introduction and history of tally accounting software
CBitss Technologies
 
Intelliob PayCare
Intelliob PayCareIntelliob PayCare
Intelliob PayCare
IntelliobTechnologies
 
Pay Care: Payroll Software
Pay Care: Payroll SoftwarePay Care: Payroll Software
Pay Care: Payroll Software
Intelliob Technologies
 
The Most Important ERP Capabilities
The Most Important ERP CapabilitiesThe Most Important ERP Capabilities
The Most Important ERP Capabilities
accely
 
Navigating Success: Oracle Enterprise Management
Navigating Success: Oracle Enterprise ManagementNavigating Success: Oracle Enterprise Management
Navigating Success: Oracle Enterprise Management
Triforce Global
 
POS Software Development Services
POS Software Development ServicesPOS Software Development Services
POS Software Development Services
Chetu
 
All You Need To Know About Enterprise Software Development
All You Need To Know About Enterprise Software DevelopmentAll You Need To Know About Enterprise Software Development
All You Need To Know About Enterprise Software Development
Polyxer Systems
 
Accounting
AccountingAccounting
Accounting
TaseerBaloch1
 
SAP - ERP
SAP - ERPSAP - ERP
SAP - ERP
Rishu Mehra
 
Soais Payroll Outsourcing[2]
Soais Payroll Outsourcing[2]Soais Payroll Outsourcing[2]
Soais Payroll Outsourcing[2]Kiran N
 
How Can Enterprise App Development Help Your Business Growth.pdf
How Can Enterprise App Development Help Your Business Growth.pdfHow Can Enterprise App Development Help Your Business Growth.pdf
How Can Enterprise App Development Help Your Business Growth.pdf
XDuce Corporation
 
Isp erp proposal
Isp erp proposalIsp erp proposal
Isp erp proposal
Aljabir Nipun
 

Similar to Benefits of Running Accounting Software on AS400 Operating System (20)

FinancialForce Accounting Datasheet
FinancialForce Accounting DatasheetFinancialForce Accounting Datasheet
FinancialForce Accounting Datasheet
 
Product overviews (2)
Product overviews (2)Product overviews (2)
Product overviews (2)
 
Experience Flexible, Efficient and Accurate Payroll Software
Experience Flexible, Efficient and Accurate Payroll SoftwareExperience Flexible, Efficient and Accurate Payroll Software
Experience Flexible, Efficient and Accurate Payroll Software
 
What Is The Development And Adoption Of The Accounting...
What Is The Development And Adoption Of The Accounting...What Is The Development And Adoption Of The Accounting...
What Is The Development And Adoption Of The Accounting...
 
How To Choose The Right Invoicing Software 10.pdf
How To Choose The Right Invoicing Software 10.pdfHow To Choose The Right Invoicing Software 10.pdf
How To Choose The Right Invoicing Software 10.pdf
 
Cloud Based Accounting software
Cloud Based Accounting softwareCloud Based Accounting software
Cloud Based Accounting software
 
Esop Guardian Presentation
Esop Guardian PresentationEsop Guardian Presentation
Esop Guardian Presentation
 
Affordable Tally ERP 9 accounting software
Affordable Tally ERP 9 accounting softwareAffordable Tally ERP 9 accounting software
Affordable Tally ERP 9 accounting software
 
Introduction and history of tally accounting software
Introduction and history of tally accounting softwareIntroduction and history of tally accounting software
Introduction and history of tally accounting software
 
Intelliob PayCare
Intelliob PayCareIntelliob PayCare
Intelliob PayCare
 
Pay Care: Payroll Software
Pay Care: Payroll SoftwarePay Care: Payroll Software
Pay Care: Payroll Software
 
The Most Important ERP Capabilities
The Most Important ERP CapabilitiesThe Most Important ERP Capabilities
The Most Important ERP Capabilities
 
Navigating Success: Oracle Enterprise Management
Navigating Success: Oracle Enterprise ManagementNavigating Success: Oracle Enterprise Management
Navigating Success: Oracle Enterprise Management
 
POS Software Development Services
POS Software Development ServicesPOS Software Development Services
POS Software Development Services
 
All You Need To Know About Enterprise Software Development
All You Need To Know About Enterprise Software DevelopmentAll You Need To Know About Enterprise Software Development
All You Need To Know About Enterprise Software Development
 
Accounting
AccountingAccounting
Accounting
 
SAP - ERP
SAP - ERPSAP - ERP
SAP - ERP
 
Soais Payroll Outsourcing[2]
Soais Payroll Outsourcing[2]Soais Payroll Outsourcing[2]
Soais Payroll Outsourcing[2]
 
How Can Enterprise App Development Help Your Business Growth.pdf
How Can Enterprise App Development Help Your Business Growth.pdfHow Can Enterprise App Development Help Your Business Growth.pdf
How Can Enterprise App Development Help Your Business Growth.pdf
 
Isp erp proposal
Isp erp proposalIsp erp proposal
Isp erp proposal
 

More from Abel Willium

.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
Abel Willium
 
Why COBOL is Still Relevant Today - cobol programmer.pdf
Why COBOL is Still Relevant Today - cobol programmer.pdfWhy COBOL is Still Relevant Today - cobol programmer.pdf
Why COBOL is Still Relevant Today - cobol programmer.pdf
Abel Willium
 
Hiring .NET Developers vs. Other Framework Developers.pdf
Hiring .NET Developers vs. Other Framework Developers.pdfHiring .NET Developers vs. Other Framework Developers.pdf
Hiring .NET Developers vs. Other Framework Developers.pdf
Abel Willium
 
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdf
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdfMicrosoft SQL Server Consultants that Streamline Your Server Needs.pdf
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdf
Abel Willium
 
How of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud TechnologyHow of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud Technology
Abel Willium
 
How of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud TechnologyHow of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud Technology
Abel Willium
 
Embracing IBM AS400 System’s Legacy, Innovation, and Future
Embracing IBM AS400 System’s Legacy, Innovation, and FutureEmbracing IBM AS400 System’s Legacy, Innovation, and Future
Embracing IBM AS400 System’s Legacy, Innovation, and Future
Abel Willium
 
Evaluating the Cloud Readiness of IBM AS400 and iSeries
Evaluating the Cloud Readiness of IBM AS400 and iSeriesEvaluating the Cloud Readiness of IBM AS400 and iSeries
Evaluating the Cloud Readiness of IBM AS400 and iSeries
Abel Willium
 
RPG Programmers
RPG ProgrammersRPG Programmers
RPG Programmers
Abel Willium
 
Power BI Administration - Guide for IT Leaders.pptx
Power BI Administration - Guide for IT Leaders.pptxPower BI Administration - Guide for IT Leaders.pptx
Power BI Administration - Guide for IT Leaders.pptx
Abel Willium
 
Key Features and Modules of AS400 ERP System
Key Features and Modules of AS400 ERP SystemKey Features and Modules of AS400 ERP System
Key Features and Modules of AS400 ERP System
Abel Willium
 
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdfEverything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
Abel Willium
 
AS400 The Powerhouse of Enterprise Computing
AS400 The Powerhouse of Enterprise Computing AS400 The Powerhouse of Enterprise Computing
AS400 The Powerhouse of Enterprise Computing
Abel Willium
 
Unlock Seamless Financial Operations with Accounts Payable Services
Unlock Seamless Financial Operations  with  Accounts Payable ServicesUnlock Seamless Financial Operations  with  Accounts Payable Services
Unlock Seamless Financial Operations with Accounts Payable Services
Abel Willium
 
iSeries Application Modernization: A Reason for a Winning Success Strategy
iSeries Application Modernization: A Reason for a Winning Success StrategyiSeries Application Modernization: A Reason for a Winning Success Strategy
iSeries Application Modernization: A Reason for a Winning Success Strategy
Abel Willium
 
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
Abel Willium
 
Development tools for .Net
Development tools for .NetDevelopment tools for .Net
Development tools for .Net
Abel Willium
 
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
Abel Willium
 
IT Infrastructure Consulting Services.pptx
IT Infrastructure Consulting Services.pptxIT Infrastructure Consulting Services.pptx
IT Infrastructure Consulting Services.pptx
Abel Willium
 
Power BI companies.pptx
Power BI companies.pptxPower BI companies.pptx
Power BI companies.pptx
Abel Willium
 

More from Abel Willium (20)

.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
.NET Vs ASP.NET – Make the Right Choice for Your Next Project.pdf
 
Why COBOL is Still Relevant Today - cobol programmer.pdf
Why COBOL is Still Relevant Today - cobol programmer.pdfWhy COBOL is Still Relevant Today - cobol programmer.pdf
Why COBOL is Still Relevant Today - cobol programmer.pdf
 
Hiring .NET Developers vs. Other Framework Developers.pdf
Hiring .NET Developers vs. Other Framework Developers.pdfHiring .NET Developers vs. Other Framework Developers.pdf
Hiring .NET Developers vs. Other Framework Developers.pdf
 
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdf
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdfMicrosoft SQL Server Consultants that Streamline Your Server Needs.pdf
Microsoft SQL Server Consultants that Streamline Your Server Needs.pdf
 
How of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud TechnologyHow of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud Technology
 
How of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud TechnologyHow of AS400 Migration to Cloud Technology
How of AS400 Migration to Cloud Technology
 
Embracing IBM AS400 System’s Legacy, Innovation, and Future
Embracing IBM AS400 System’s Legacy, Innovation, and FutureEmbracing IBM AS400 System’s Legacy, Innovation, and Future
Embracing IBM AS400 System’s Legacy, Innovation, and Future
 
Evaluating the Cloud Readiness of IBM AS400 and iSeries
Evaluating the Cloud Readiness of IBM AS400 and iSeriesEvaluating the Cloud Readiness of IBM AS400 and iSeries
Evaluating the Cloud Readiness of IBM AS400 and iSeries
 
RPG Programmers
RPG ProgrammersRPG Programmers
RPG Programmers
 
Power BI Administration - Guide for IT Leaders.pptx
Power BI Administration - Guide for IT Leaders.pptxPower BI Administration - Guide for IT Leaders.pptx
Power BI Administration - Guide for IT Leaders.pptx
 
Key Features and Modules of AS400 ERP System
Key Features and Modules of AS400 ERP SystemKey Features and Modules of AS400 ERP System
Key Features and Modules of AS400 ERP System
 
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdfEverything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
Everything You Must Know About IBM AS400 ERP and ERP Cloud.pdf
 
AS400 The Powerhouse of Enterprise Computing
AS400 The Powerhouse of Enterprise Computing AS400 The Powerhouse of Enterprise Computing
AS400 The Powerhouse of Enterprise Computing
 
Unlock Seamless Financial Operations with Accounts Payable Services
Unlock Seamless Financial Operations  with  Accounts Payable ServicesUnlock Seamless Financial Operations  with  Accounts Payable Services
Unlock Seamless Financial Operations with Accounts Payable Services
 
iSeries Application Modernization: A Reason for a Winning Success Strategy
iSeries Application Modernization: A Reason for a Winning Success StrategyiSeries Application Modernization: A Reason for a Winning Success Strategy
iSeries Application Modernization: A Reason for a Winning Success Strategy
 
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
Why is IBM iSeries AS400 Considered the Most Reliable and Straightforward Fra...
 
Development tools for .Net
Development tools for .NetDevelopment tools for .Net
Development tools for .Net
 
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
AS400 Unveiled: Embracing Legacy, Innovation, and Limitless Future.
 
IT Infrastructure Consulting Services.pptx
IT Infrastructure Consulting Services.pptxIT Infrastructure Consulting Services.pptx
IT Infrastructure Consulting Services.pptx
 
Power BI companies.pptx
Power BI companies.pptxPower BI companies.pptx
Power BI companies.pptx
 

Recently uploaded

Vitthal Shirke Microservices Resume Montevideo
Vitthal Shirke Microservices Resume MontevideoVitthal Shirke Microservices Resume Montevideo
Vitthal Shirke Microservices Resume Montevideo
Vitthal Shirke
 
Quarkus Hidden and Forbidden Extensions
Quarkus Hidden and Forbidden ExtensionsQuarkus Hidden and Forbidden Extensions
Quarkus Hidden and Forbidden Extensions
Max Andersen
 
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.ILBeyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
Natan Silnitsky
 
Lecture 1 Introduction to games development
Lecture 1 Introduction to games developmentLecture 1 Introduction to games development
Lecture 1 Introduction to games development
abdulrafaychaudhry
 
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, BetterWebinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
XfilesPro
 
GlobusWorld 2024 Opening Keynote session
GlobusWorld 2024 Opening Keynote sessionGlobusWorld 2024 Opening Keynote session
GlobusWorld 2024 Opening Keynote session
Globus
 
How to Position Your Globus Data Portal for Success Ten Good Practices
How to Position Your Globus Data Portal for Success Ten Good PracticesHow to Position Your Globus Data Portal for Success Ten Good Practices
How to Position Your Globus Data Portal for Success Ten Good Practices
Globus
 
Large Language Models and the End of Programming
Large Language Models and the End of ProgrammingLarge Language Models and the End of Programming
Large Language Models and the End of Programming
Matt Welsh
 
BoxLang: Review our Visionary Licenses of 2024
BoxLang: Review our Visionary Licenses of 2024BoxLang: Review our Visionary Licenses of 2024
BoxLang: Review our Visionary Licenses of 2024
Ortus Solutions, Corp
 
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
Shahin Sheidaei
 
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoamOpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
takuyayamamoto1800
 
Navigating the Metaverse: A Journey into Virtual Evolution"
Navigating the Metaverse: A Journey into Virtual Evolution"Navigating the Metaverse: A Journey into Virtual Evolution"
Navigating the Metaverse: A Journey into Virtual Evolution"
Donna Lenk
 
Understanding Globus Data Transfers with NetSage
Understanding Globus Data Transfers with NetSageUnderstanding Globus Data Transfers with NetSage
Understanding Globus Data Transfers with NetSage
Globus
 
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
Juraj Vysvader
 
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket ManagementUtilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
Utilocate
 
Essentials of Automations: The Art of Triggers and Actions in FME
Essentials of Automations: The Art of Triggers and Actions in FMEEssentials of Automations: The Art of Triggers and Actions in FME
Essentials of Automations: The Art of Triggers and Actions in FME
Safe Software
 
Enterprise Software Development with No Code Solutions.pptx
Enterprise Software Development with No Code Solutions.pptxEnterprise Software Development with No Code Solutions.pptx
Enterprise Software Development with No Code Solutions.pptx
QuickwayInfoSystems3
 
Cyaniclab : Software Development Agency Portfolio.pdf
Cyaniclab : Software Development Agency Portfolio.pdfCyaniclab : Software Development Agency Portfolio.pdf
Cyaniclab : Software Development Agency Portfolio.pdf
Cyanic lab
 
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
Globus
 
2024 RoOUG Security model for the cloud.pptx
2024 RoOUG Security model for the cloud.pptx2024 RoOUG Security model for the cloud.pptx
2024 RoOUG Security model for the cloud.pptx
Georgi Kodinov
 

Recently uploaded (20)

Vitthal Shirke Microservices Resume Montevideo
Vitthal Shirke Microservices Resume MontevideoVitthal Shirke Microservices Resume Montevideo
Vitthal Shirke Microservices Resume Montevideo
 
Quarkus Hidden and Forbidden Extensions
Quarkus Hidden and Forbidden ExtensionsQuarkus Hidden and Forbidden Extensions
Quarkus Hidden and Forbidden Extensions
 
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.ILBeyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
Beyond Event Sourcing - Embracing CRUD for Wix Platform - Java.IL
 
Lecture 1 Introduction to games development
Lecture 1 Introduction to games developmentLecture 1 Introduction to games development
Lecture 1 Introduction to games development
 
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, BetterWebinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
Webinar: Salesforce Document Management 2.0 - Smarter, Faster, Better
 
GlobusWorld 2024 Opening Keynote session
GlobusWorld 2024 Opening Keynote sessionGlobusWorld 2024 Opening Keynote session
GlobusWorld 2024 Opening Keynote session
 
How to Position Your Globus Data Portal for Success Ten Good Practices
How to Position Your Globus Data Portal for Success Ten Good PracticesHow to Position Your Globus Data Portal for Success Ten Good Practices
How to Position Your Globus Data Portal for Success Ten Good Practices
 
Large Language Models and the End of Programming
Large Language Models and the End of ProgrammingLarge Language Models and the End of Programming
Large Language Models and the End of Programming
 
BoxLang: Review our Visionary Licenses of 2024
BoxLang: Review our Visionary Licenses of 2024BoxLang: Review our Visionary Licenses of 2024
BoxLang: Review our Visionary Licenses of 2024
 
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...
 
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoamOpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoam
 
Navigating the Metaverse: A Journey into Virtual Evolution"
Navigating the Metaverse: A Journey into Virtual Evolution"Navigating the Metaverse: A Journey into Virtual Evolution"
Navigating the Metaverse: A Journey into Virtual Evolution"
 
Understanding Globus Data Transfers with NetSage
Understanding Globus Data Transfers with NetSageUnderstanding Globus Data Transfers with NetSage
Understanding Globus Data Transfers with NetSage
 
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...
 
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket ManagementUtilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
Utilocate provides Smarter, Better, Faster, Safer Locate Ticket Management
 
Essentials of Automations: The Art of Triggers and Actions in FME
Essentials of Automations: The Art of Triggers and Actions in FMEEssentials of Automations: The Art of Triggers and Actions in FME
Essentials of Automations: The Art of Triggers and Actions in FME
 
Enterprise Software Development with No Code Solutions.pptx
Enterprise Software Development with No Code Solutions.pptxEnterprise Software Development with No Code Solutions.pptx
Enterprise Software Development with No Code Solutions.pptx
 
Cyaniclab : Software Development Agency Portfolio.pdf
Cyaniclab : Software Development Agency Portfolio.pdfCyaniclab : Software Development Agency Portfolio.pdf
Cyaniclab : Software Development Agency Portfolio.pdf
 
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...
 
2024 RoOUG Security model for the cloud.pptx
2024 RoOUG Security model for the cloud.pptx2024 RoOUG Security model for the cloud.pptx
2024 RoOUG Security model for the cloud.pptx
 

Benefits of Running Accounting Software on AS400 Operating System

  • 1. Benefits of Running Accounting Software on AS400 Operating System Are you wondering if your business could benefit from the AS400 operating system? Well, for companies that need a reliable and secure framework to operate mission- critical applications, it is especially an ideal investment. The AS400 operating system is developed for medium- to large-sized companies. It is a platform that offers a lot of versatility along with a broad spectrum of software applications to serve various organizational needs. The IBM i framework has been employed for over two decades now, and the software solutions built on it are widely implemented by many organizations worldwide. Finance, banking, healthcare, manufacturing, and insurance are to name a few industries that leverage the capabilities of the AS400 system. One of the most preferred software applications by businesses that are run on the IBM i platform is the AS400 accounting software. This software solution assists
  • 2. businesses in managing their accounts, financial transactions, and other relevant functions. In this blog, we’ll cover all details pertinent to the AS400 accounting software. But before that let’s go through the various types of AS400 operating software. What Are the Different Types of AS400 Operating Software that Businesses use? The AS400 operating system is a powerful platform for businesses that seek a reliable and versatile computing ecosystem. The following are some of the popular AS400 software applications used by businesses in all industries:
  • 3. 1. ERP Software One of the most popular AS400 software used by businesses is enterprise resource planning (ERP) software. Businesses can manage their finances, inventories, supply chain, customer interactions, and other essential operations with the use of the AS400 ERP software. 2. Database Software The AS400 supports a relational database management system (DBMS) called DB2. In addition to DB2, the AS400 operating system can employ Oracle and Microsoft SQL Server, other third-party database software solutions. 3. Financial Software Financial software that enable companies to manage transactions across various banking platforms and systems are also frequently built on the AS400 operating system. 4. Security Software The AS400 platform is renowned for its robust security features. There is a range of software solutions supported by the AS400 operating system for businesses that improve security, including data encryption, intrusion detection, and security management tools. 5. Accounting Software The accounting software developed on the AS400 platform aids in the management of accounts receivable, financial transactions, accounts payable, general ledger, financial reporting, etc. Now let’s understand what AS400 accounting software is in more detail!
  • 4. AS400 Accounting Software Overview The AS400 accounting software is a technological solution that is built to manage financial and accounting operations on the AS400 IBM i platform. It equips organizations with a comprehensive set of advanced capabilities for handling invoicing, payroll, and other accounting tasks, as well as financial transactions. By integrating with other applications, the software enables companies to automate their business processes. As a result, companies can increase operational effectiveness, minimize human error, and cut costs and time spent on manual tasks. CONNECT WITH US Critical Features of AS400 Accounting Software As mentioned before, the IBM i AS400 accounting software offers a range of features that can assist businesses in streamlining their accounting procedures. The following are some of its critical features and functionalities:
  • 5. 1. General Ledger The general ledger is a critical component of any accounting software, including the IBM i AS400 accounting software. Organizations can use this feature to keep track of all their financial activities, such as orders, expenditures, and payments. It also enables the generation of financial statements, like income statements and balance sheets, that give a brief overview of a company’s financial situation. 2. Payroll Management For most companies, managing payroll is a vital task, and the accounting software, built on the AS400 operating system, provides many capabilities to make this process easier to manage. Businesses can use this tool to monitor vacation and sick leaves, manage employee benefits, and determine employee compensation. In order to ensure that companies are in compliance with every applicable law, this software also enables the generation of tax filings and payroll reports. 3. Budgeting and Forecasting Budgeting and forecasting tools are necessary for companies that want to manage their finances effectively and make reliable business forecasts. To their rescue comes the IBM i AS400 accounting software, which offers a range of budgeting and forecasting features. These capabilities help businesses establish budgets, monitor expenditures against budgets, and predict future cash flows and income.
  • 6. 4. Accounts Payable Another critical feature of IBM i AS400 accounting software that enables companies to manage all of their payments and outstanding invoices is accounts payable. This feature ensures that your invoices are paid on time, preventing late fees and penalties. Additionally, it facilitates the tracking of payments from vendors and the generation of reports to enable organizations to evaluate their cash flow and manage their expenditures efficiently. 5. Inventory Management Many organizations, especially those in the retail and manufacturing industries, place a high priority on inventory management. AS400 accounting software offers a great many capabilities to help manage inventory and track stock levels. Additionally, it assists in managing the transfer of inventory between centers and reordering goods as inventory levels drop. 6. Compliance with Regulations Accounting software can assist companies in complying with tax regulations and accounting standards such as SOX (Sarbanes-Oxley Act) and GAAP (Generally Accepted Accounting Principles). This reduces the likelihood of incurring monetary or legal implications. Additionally, the software solution offers tools for financial reporting, audit trail creation, and tax reporting to help organizations comply with regulatory standards. 7. Financial Reporting The financial reporting feature offered by this software enables organizations to build financial reports, such as balance sheets, income statements, etc., that are
  • 7. reliable and accurate. You can generate these financial reports in real-time and tailor them according to your business requirements. 8. Fixed Assets The fixed asset management feature of the software keeps track of your assets and monitors their depreciation over time. It gives businesses a realistic estimation of the worth of their assets, enabling them to decide effectively on purchase, sale, or replacement of them. Benefits of Leveraging the AS400 Accounting Software The following are some of the key advantages of using the IBM i AS400 accounting software: 1. Accessibility Accounting software gives numbers meaning while carrying out automatic calculations. They give non-accounting users the power to manage finances. Business owners and other employees can carry out all accounting tasks without any or minimal training. You can perform all tasks while adhering to legal requirements using a desktop computer or a mobile device. And you can accomplish it without spending money on a third party to update the budget. 2. Security The most important information for a business is its financial data, which must be protected from theft or accidental loss.
  • 8. Exactly that is what accounting solutions do for their users—they guard against any threat to accounting and maintain a backup in case you need to recover the original documents. The AS400 operating system is renowned for its security features, which include access controls, embedded encryption, and audit logs. This essentially means that organizations can rely on the security of their financial data. 3. Scalability The AS400 account software solution provides its users with scalability by managing a massive number of monetary transactions. They accomplish this without any system crash or shutdown. That’s why it is an excellent choice for companies that need to process big chunks of financial data frequently. 4. Seamless Integration This software application is compatible with other tools and apps built on the AS400 platform. Its integration capability makes it easier for accounting software to integrate seamlessly with: • Customer relationship management systems • Supply chain management systems • Inventory management systems 5. Reliability The AS400 platform has a reputation for reliability. The software is known for its outstanding uptime and is built to run nonstop 24 *7. This means that companies don’t need to be concerned about system outages or downtime when employing the software to organize their accounting data.
  • 9. 6. Multi-currency Support Multi-currency capability is a crucial component of AS400 accounting software for companies that operate internationally or trade with foreign currencies. Businesses can use this functionality to track currency rates and manage multiple-currency transactions. 7. Automation The AS400 accounting software provides organizations with automation capabilities that assist them to save time and eliminate human errors. Setting up your accounting software requires an initial time investment, just as with any new software system. But once you do, it will automate tedious and repetitive bookkeeping and accounting operations, saving you hours of effort every week. For instance, companies can automate the steps that involve creating reports, generating invoices, and setting up payments. This frees up resources for other operations and saves organizations money and time on manual tasks. 8. Customization There isn’t any “one-size-fits-all” accounting software system because each organization performs different financial calculations and follows a unique set of standards. However, the AS400 accounting software is a flexible software application that you can customize according to your business operations. This is one of the best advantages of the AS400 platform and can certainly help your business grow. This functionality helps you add new capabilities to your accounting software, update its user interface, and integrate it with other tools and applications.
  • 10. 9. Cost Savings Accounting software solutions take charge of your revenue stream and automate administrative procedures and fundamental calculation processes. These applications also reduce the need to hire external finance management expertise. In addition, they lower the cost of printing and publishing finance documents and store critical information in secure places that are carefully monitored at all times. 10. Accuracy When you use accounting software, you don’t have to manually update several cells in multiple sheets every time you make an adjustment to your records. Rather, any adjustments you make will be automatically reflected in your financial statements and reports, enabling you in maintaining accurate data. Now you are aware of all the critical features and benefits of the AS400 accounting software built on the IBM i AS400 operating system. The only concern that remains is where you can get one developed tailored to your business needs or update your legacy accounting software. Build a Customized AS400 Accounting System with Integrative Systems Are you looking to custom develop, upgrade, and optimize your IBM I AS400 software application cost-effectively? If that’s the case, Integrative Systems is here to help you! Integrative Systems is an AS400 development company whose primary goal is to help you transform your vision into reality by providing you with excellent AS400 software development and support services.
  • 11. Our in-house AS400 development team boasts technical expertise and experience in designing and creating high-end AS400 software solutions for various industries, domains, and verticals. As we have 20 years of experience in this field and are an IBM Silver Business Partner, you can put your faith in us when it comes to AS400 applications of any complexity.