Cloud Financials

Receivables Management

Foundry Bean Account receivables enables organization to automatically generate and send invoices digitally. Using credit limit and customer profile, businesses can manage collections , shorten the credit-to-cash cycle and increase cash flow. With real time visibility of entire life cycle of receivable processes , finance team can check the status anytime in receivable control center.

Full visibility of customers and contracts

Though creating a customer is an one time event , all other activities of creating order , invoice, receive payment are automatically captured so that you have a 360 view of entire life cycle of customer engagement. All information of the customer are available in one place .

One time and recurring Billing flexibility

Whether you bill monthly , quarterly , annually or one time , financial management automatically schedule invoicing in advance so that invoices are generated automatically on time. Billing schedules are automatically creating upon booking or creating the service contracts thereby company has complete predictibility of billing backlog and forecast.

More »

Flexible Subscription/Recurring invoices

Subscription billing can be flat fee based, usage based flat billing, usage based volume pricing or usage based tiered pricing.

More »

Automated Recurring revenue recognition

Foundry Bean Revenue Management automates revenue recognition and scheduling based on the revenue recognition rule for products and services. Individual contract lines created from the products and services follows the revenue recognition principle in compliance with ASC 606 and other revenue standards.

More »

Service Contract renewals and churns

Full subscription life cycle. - Manage addition, upgrade , downgrade , churns in subscription life cycle.Streamline recurring contract, subscription billing with automated renewals. Upgrades and downgrades are automatically calculated by the system while changing the contracts.

More »

Annual Recurring Revenue (ARR)

Annual Recurring Revenue (ARR) is the revenue generated every year for the life of the contract or subscription. Multiple automated ARR reports are available such as balance ARR summary, by customer, by product category and details. No need to maintain data in spreadsheet and the reports are real time, no over-night stale data. Reports are automatically generated from transaction data such as upgrades, downgrades and churn.

More »

Cash Management

Foundry Bean Cash Management solution enables organization to track bank and credit card accounts data in real time, reconcile bank accounts with system cash accounts and provide an accurate picture of cash position. Bank statements can be imported any time and auto matching reduces time spending on manual reconciliation.Automatic creation of bank fees , interests , charges and auto creation of accounting improve efficiency of finance team

More »

General ledger

General ledger is the core of Foundry Bean Global Work System. It is scalable, configurable and flexible enough to fit any size of the company. Whether you are single company , single location , single currency or multi-company, multi-location and multi-currency, Foundry Bean General ledger gives you all the ability to run your financial system all over the world compliant with all accouting and reporting standards. Foundry Bean gives accounting and finance professionals ability to maintain accurate and timely financial records and statements and close the books in a timely manner.

More »

Reporting and analytics

Billing and aging insight give detail information about pending bills , detail and summary aging . Receivable analysis shows sales collection trend and receivable trend.

Advanced taxation using Avalara

Integration with Avalara tax API to improve accuracy with regularly updated, address-specific tax rates. Enhance customer experience with rates based on custom rules, applied at point of purchase.

SMS Messaging using Twilio

Integration with Twilio API to transform your customer experience . Foundry Bean Global Work System send SMS messages for various operations such as workflow approval for purchase order, invoices , expense reports etc.