The latest version of Sage Accpac Version 5.5 was launched yesterday by ZILLIONe systems solutions under the theme we maximize opportunities and we make companies succeed.

“We have been in partnership with Accpac for the last 16 years and many solutions were introduced along the way but none could come close to the solutions provided by Accpac,” ZILLIONe CEO Tharmarajah Suresh stated. This new version Sage Accpac comes with great advanced features than the ones before.

"The new Sage Accpac 5.5 enterprise suite offers clients the freedom of choice, integration, high performance and reliability that forward thinking companies rely on to increase profitability and seize the competitive advantage,” Sage Software Asia Business Partner Account Manager Adrian Ang said. We have Sage operating globally with a market capital of 1.7 billion pounds and 5.5 million customers worldwide.

Sage Accpac ERP has changed the rules of mid market business management solutions by offering complete access to your accounting system though a web browser. It’s easy to set up and use with intuitive wizards and a familiar interface that make configuration and navigation easy to use. With AR, AP and Sales Analysis all presented on a dashboard before you it becomes your command center of business excellence. There is total investment protection, designed for global business as it is deployed in more than 150 countries worldwide and supports multiple languages. Their network of more than 400 development partners provides a wide range of high quality integrated vertical tools. There is also the freedom of choice as its open to multilingual and multicurrency capabilities, a scalable open architecture and a choice of databases and operating systems.

Brief from E-Buzz

A recent addition to the client tele of ZILLIONe - Shin-Etsu Polymer. The company was established as the subsidiary of Shin-Etsu Chemical, an industry leader in PVC and semiconductor silicone products in 1960 , with its core technologies of PVC and silicone rubber processing. Due to the expansion of their organization, they required a solution that could cater to the complex reporting functionalities along consolidating information from their subsidiaries to the parent company, were some of the requirements which Shin Estu polymer had highlighted. In addressing the pain points of Shin Estu polymer ,Sage Accpac 100 was the ideal solution to cater the complex reporting structure as well as the other areas that they required.

An organization driven by committed professionals with a strong focus on employee training, customers not only receive cutting-edge technology but also the finest technical expertise and know-how available today in the country, a combination that has already seen ZILLIONe substantially increase its market share year-on-year and doubled its workforce over the last five years to dominate the IT solutions industry in Sri Lanka. For nearly three decades ZILLIONe has provided the best technology and provisioned the finest expertise and know how for their client’s benefit as a result of this the company enjoys a customer base of over 400 including some of Sri Lanka’s largest corporates.

ZILLIONe is re creating benchmarks, challenging paradigms and pushing limits  as it reaches it’s 30 years in the Sri Lankan ICT industry.

Can you think of a jewellery business that does not have proper tracking of its inventories or does not know who its frequent customers are/.This is what exactly happens when a business grows pretty fast without having proper systems to back its operations.

ZILLIONe is an organization driven by a strong customer orientation focus. We are constantly seeking methods of improving quality of our services and products so as to provide our customer with true benefits of maturing technology. As a part of this continuous improvement endeavor, ZILLIONe has launched the QMS (Quality Management System) initiative, which is aimed at redefining the current process framework for matching higher standards of delivery excellence.

A well defined road map has been drawn that would make the internal delivery systems at ZILLIONe at high level of maturity demanded by international models like CMMI and ISO. The initiative is being launched in partnership with ichiban Consultants from India, who are providing advisory and facilitation service to the process improvement drive. The benefits of this initiative would be consistent delivery, predictable service and products of distinctly higher quality. ZILLIONe hopes to translate all these benefits directly to its customer in means of faster time to deploy, ease of use and better software systems.

The IFRS Challenge

There’s no longer any doubt: International Financial Reporting Standards (IFRS) are coming down the pipeline. The business and accounting press are full of news about IFRS, and businesses are realizing they need to pay attention.

IFRS will fundamentally change how businesses report their results. Now is the time to start planning…

Preparing your accounting system for IFRS

In addition to training, a key component of preparing for IFRS is ensuring that your accounting, financial management, or ERP (enterprise resource planning) system is capable and ready for the change.

The shift to IFRS represents one of the most challenging developments the accounting world has ever faced.

Sage Accpac has features and functionality that will support your transition to IFRS

• Sage Accpac currently allows users to choose from a wide range of configuration options to ensure their transactions are processed and their accounts are kept in compliance with whatever local rules they happen to operate under.
• All of the countries in the European Union are already compliant. In the Asia Pacific region, a large number of countries (including Australia, Hong Kong, and New Zealand) have national standards that are virtually identical to IFRS. Sage Accpac has over 13,000 clients in IFRS jurisdictions.