Benefits for Managers
You already have a myriad of decisions to make. Decisions that affect the allocation of resources to manage your utility effectively. Having either inaccurate or late information can have adverse effects on your choices. Our FMS is designed especially for utilities to support workflows tailored to our market space. The tools available to your accounts team makes FMS an invaluable aid in getting the financials exactly where they need to be. In a system built to take the data, put it into the correct accounts, and to generate the reports required by stakeholders.
Benefits for Information Technology
Our Hosted and On-Premise solutions offer the state-of-the-art security, reliability, and resiliency that your utility needs. Our browser-based software is accessed through an encrypted VPN network, allowing both ease-of-use and proper security controls. System logging, tracking, and reporting are available out-of-the-box, and you can also access your data with any ODBC report writer. Control access to every part of our system with our Security module and analyze system status with our real-time reporting and analytics. If your IT resources are limited or already stretched thin, let us help by offloading the tasks for maintenance, security, and upkeep of the systems used to run our solutions. We undergo an annual SOC audit to ensure your data is always secure and that our data center for hosted customers complies with the industry standard for access and control.
Benefits for Accounting
Specially designed for utilities, the Milsoft FMS system comes ready to support utility accounting right from the start. You can look forward to working with a seamlessly integrated General Ledger, Account Payable, Invoice Entry, Vendor Management, and Payroll modules that will make keeping track of all these much easier. The reporting tools include exportable reports, and there are options available for creating striking financial reports that use lots of graphics.
A well designed and maintained General Ledger makes all the difference in the world to the accounting team. Our General Ledger is designed to fit YOUR workflows. It includes exportable reports, flexible classifications, and seamless integration to every other system and department.
Our solution makes it much easier for you to automate the tedious and high-risk parts of paying invoices. Our advanced reporting capabilities and the ability to update your entire enterprise accounts in real-time gives your team insight and control over the AP process.
Whether your business is processing a new vendor or repeat vendor invoices, our solution helps you manage both efficiently. The invoice entry is intuitive and lets you enter new vendors without leaving the invoice screen. Existing vendors’ information can automatically populate fields to speed up the entry process and reduce errors while increasing efficiency.
Our solution equips you to quickly find, maintain, and report on all of your vendors. Utilizing the broad and dynamic fields built into our software, you can confidently input vendor data. After the initial input, you can watch the system automatically share and populate vendor information.
Check Run Process
Our check run process gives you full transparency and control over which checks to generate and which ones to delay. All of our processes follow an intuitive left-to-right workflow that guides you through the review, reporting, and approval process of completing a check run. Additionally, you can decide whether to update your General Ledger at month close or upon completion of the check run. Syncing this data allows your cash flow reports to be more accurate than ever before.
Create reliable and highly valued data across your entire organization with our invoice entry and check run processes. Invoices connected to a purchase or work order from a capital project can be updated directly from our AP module.
Payroll & Human Resources
Your employees work hard. Making sure your employees get paid on time and accurately time after time says a lot about an organization. Automating repetitive manual processes and empowering employees to handle their time entry, while still providing supervisor review, are just some of the many benefits of our Payroll. We also help you file ACA forms electronically or via paper forms.
Calculate depreciation, track comments, and report on the information you need for your fixed assets.
Learn more about business partners that add value to the Milsoft Financial Management System. The following vendors have ongoing business agreements with Milsoft in addition to validated integrations with our FMS System.