Why System1A was created

With backgrounds in accounting and business information systems, and while working across a spectrum of businesses of varying size and complexities, we repeatedly discovered businesses’ grappling with the same efficiency challenges and shortfalls, when it came to their cashflow management processes.

These included the use of manual reporting tools like spreadsheets and non-integrated applications for financial planning and tracking of collections and/or payments. This was often even further complicated by limitations in accessing the required data from the accounting or ERP system, where certain barriers such as licensing restrictions or inflexible permission options often apply.

As a result, System1A was developed to provide the solution to these challenges and extend further efficiency gains to companies by incorporating innovative, cashflow management tools into One Application.

The above efficiency gains are achieved through automating traditionally manual, repetitive and error-prone Accounts Receivables and Account Payable processes, allowing businesses to enjoy faster turnarounds on their collections and payments, while simultaneously increasing accuracy and reducing processing costs.

Over time, our platform has evolved to include additional tools, reports and other functionality to further aide teams in getting the most out of their cashflow management processes. With System1A, teams not only benefit from automated processes but improved overall information symmetry through centralised communication and audit trail platforms as well as enhanced visibility into their own data and processes through real-time, auto-updated reports and dashboards.

Similarly, our platform has evolved to accommodate growing, global billing trends such as e-invoicing and digital VAT reporting by offering a built-in e-invoicing platform, allowing businesses to make simple, painless transitions to an e-invoicing framework and/or prepare for upcoming VAT Modernisation changes, where applicable.