Financial Management
At the heart of Greentree is a robust, secure financial package. Built for Windows, Greentree offers a reliable financial system for PCs. The basic system underpinning Greentree, the Financial Management suite will provide you with the essential bookkeeping functions and the ability to easily create a variety of sophisticated financial reports.
General Ledger
General Ledger has all of the accounting features you would expect from a leading-edge software package. You can set up a chart of accounts with multiple levels, produce an unlimited number of budgets, post transactions to future or prior periods with appropriate security control, and create recurring or external journal entries. However, where Greentree truly stands out is its native integration with Microsoft Excel. You can use Excel for all of your financial reporting, and also to develop an Executive Information System that provides live views of data within the General Ledger. Excel templates can even be used to create budgets and post journals directly into Greentree. Greentree provides a suite of tools to enhance productivity that include automatic sharing of costs via allocation rules, intercompany journals, account reconciliations and foreign-currency support. Greentree also allows you to define security rules that govern precisely which accounts each user can access and post to.
Accounts Payable
Control and monitor where your money is going and you can better control your business’s future. Accounts Payable provides a managerial accounting tool that presents a clear picture of what is owed to suppliers and what your future cash commitments are. Accounts Payable makes the process of paying suppliers simple. Suppliers can be located within Greentree using a number of different criteria, and data entry required is kept to a minimum, with integration to other modules such as Purchase Orders, General Ledger and Cash Management, mitigating the risk of errors or duplication. Invoices can be automatically routed through multiple approval levels and recurring invoices can be defined so that no manual intervention is required. If your business trades with offshore organisations, the Foreign Currency module allows you to make payments in other currencies and also calculates the currency gains and losses.
Accounts Receivable
Nowhere in your business system is it more important to have complete, accurate and real-time information than in Accounts Receivable. Greentree exceeds expectations in this regard, providing a range of tools to manage your customers and their accounts. Some of the productivity features in Accounts Receivable include parent/child account structures, sending statements via email and fax as well as optional customer self-service over the Internet. Greentree’s exceptionally strong security lets you not only secure the business functions a user can access, but also limit the specific data as well, such as securing individual customer accounts.
Cash Management
Managing bank balances is a critical process for any organisation and with Greentree’s real-time integration between its modules, the bank balance reflects all transactions in real time. Bank reconciliations can be processed in the traditional way with matching via the printed bank statement, or it can be fully automated with downloads from your bank, and automatic creation of entries in Greentree for bank fees and other charges. Foreign currency bank accounts are supported when that option is selected.
Debt Collection
Debt Collection operates in conjunction with Accounts Receivable and manages the collection of overdue accounts by allowing you to track customer communications and agreements made and be prompted with follow-up actions required. It automatically generates call lists using a range of parameters like amount outstanding, length of time overdue and how long since the customer has been called about the account.
Financial Reporting Engine in Excel (FREE)
Optimised financial performance remains the underlying KPI for running a successful business and the most popular tool for presenting visually attractive financial management information remains the accountants’ friend, the Microsoft Excel Spreadsheet. Greentree provides a purpose built Excel add-in to allow accountants the freedom to present financial reports within Excel. That’s FREE for you! The reported information behaves just like any Excel spreadsheet in that if you decide to recalculate, it refreshes the information directly from the Greentree database.
Need templates? No problem! A range of standard Excel templates are provided to make it even faster to get the reports that you require in Excel.
“Greentree provides an excellent solution, as it incorporates local requirements and group functionality seamlessly, so we are able to run our group of companies on one integrated system.”
Simon Challies, Chief Financial Officer - Ryman Healthcare
