Automated invoicing of services with the xTrack FIN (Financial) application
In the current context of digitalization of logistics and other business activities, companies need efficient solutions for automated invoicing of services rendered. Find out more about how to simplify and streamline your financial and accounting procedures with xTrack FIN. This application is developed by the specialists at Axes Software, a Romanian company that provides software solutions for an efficient supply chain management.
Benefits of xTrack FIN (Financial)
xTrack FIN is the Axes Software application designed to manage the invoicing of a wide range of services. With it, you can streamline invoicing and simplify financial operations. For companies in a variety of industries, xTrack FIN is more than just an application: it is an essential partner in simplifying complex procedures for calculating the value of services provided.
Axes Software’s xTrack FIN solution is designed to meet the specific invoicing needs of any company. For example, you can use it regardless of the sector in which your company operates (manufacturing, transport, warehousing, 3PL, Horeca, etc.). The application can be used not only by companies providing logistics services, but also by other companies, including those providing utilities (water, electricity, telecommunications, etc.), to increase efficiency and eliminate calculation errors when invoicing.
With xTrack FIN you benefit from versatile price lists
With xTrack FIN, you can set up price lists tailored to your company’s needs. You can benefit from a fast and error-free calculation of the value of services provided for each individual or legal entity, based on the applicable price lists entered. You can create and customise these lists according to your business needs. You efficiently manage financial quotes for transport or 3PL services, for example, or contracts with partners and customers, and keep track of the dates set for invoicing services your company has provided.
xTrack FIN gives you flexible calculation options
You calculate the value of services based on various parameters, such as distance, weight or any other criteria relevant to the field in which your company operates. You can use customer-specific price lists or general price lists, all configurable to meet specific requirements. What is more, you can use price lists not only for the services you provide, but also for those you purchase.
The xTrack FIN app provides automated invoicing
The xTrack FIN app takes the hassle out of invoicing. It digitizes the process so that all calculated values are invoiced automatically, periodically or when needed, according to agreed contractual terms. This eliminates manual invoicing, data processing errors and the risk of a service being misbilled or going unbilled. And for company-wide efficiency, you can automatically import the necessary data from various applications, including WMS (Warehouse Management System) and TMS (Transportation Management System), if you choose to interface them with xTrack FIN.
xTrack FIN (Financial) modules and functionalities
xTrack FIN is a flexible application which includes a variety of modules and functionalities that meet the billing needs of different industries. Through its modules, it provides a range of functionalities that play a key role in simplifying complex management and calculation processes. Axes Software’s xTrack FIN solution transforms invoicing procedures and makes life easier for finance and accounting departments.
Price management module
With this xTrack FIN module, you can set up and manage multiple customisable multi-level price lists tailored to your company’s specific services. You can import data from various sources to quickly set prices or constantly update lists. You can make corrections to price lists while maintaining a clear traceability of all the changes made over time.
Contract management module
With this module of xTrack FIN you can efficiently manage contracts with other suppliers or customers for proper invoicing, regardless of the volume of data. This means observance of contract terms and conditions and an optimal level of compliance and financial accuracy across your various departments.
Invoicing module
With xTrack FIN’s invoicing module, you have invoices automatically generated, which helps you save time and reduce errors. You have options to issue invoices (periodically or ‘on the spot’) as needed. Invoices may be directly sent to your customers via email or integrated with your ERP system. You eliminate the risk of double invoicing, enhancing the accuracy of financial and accounting operations. You can also access real-time profitability reports to make informed financial decisions. A 3PL service provider or freight forwarder, for example, can easily see which partner is best suited to make the most profitable trip, as price lists entered for each individual carrier/haulier are used.
Integration module
This xTrack FIN module provides integration with the WMS through a fast and intuitive interface so as to ensure smooth data flows. You also have the option of integrating the application with a TMS to streamline the process of calculating the value of transport services, or with CRM (Customer Relationship Management) for complete customer data management and invoicing.
Financial analysis module
With xTrack FIN’s financial analysis module, you can efficiently manage your financial offers to optimize revenue. You can track payments and receipts accurately and have a clear overview of profits. You also keep transparent records of invoiced service values to have a greater financial visibility.
User Interface Module
Through this module, the application provides you with efficient mechanisms for entering and managing price lists, reducing the complexity of operations for users.
The modules and functionalities in xTrack FIN are meticulously designed to ensure streamlined invoicing, collection, processing and storage of necessary data, improved financial operations and increased employee productivity.
With xTrack FIN, you benefit from a modern automated invoicing software tool, tailored to meet the specific requirements of a wide range of logistics and non-logistics services. This adaptability makes xTrack FIN the ideal choice for companies seeking a versatile, comprehensive and efficient management of financial operations.
If you are curious to know more about xTrack FIN, send us a message. We’ll get back to you in 48 hours.
