Zumzum Financials

Zumzum Financials is a comprehensive SMB accounting solution designed specifically for small and medium-sized businesses (SMBs). According to the vendor, Zumzum Financials provides a platform for financial management and reporting that integrates seamlessly with Salesforce. This versatile solution caters to a wide range of professions and industries, including financial services, professional services, retail, manufacturing, and nonprofit organizations.

Key Features

Accounts Payable: According to the vendor, Zumzum Financials offers automated workflows and approvals to streamline accounts payable processes. It allows for the creation of purchase invoices from purchase orders with one click, providing accurate and real-time access to accounts payable data and transactions.

Cash Management: The vendor claims that Zumzum Financials improves visibility into cash management by recording all bank transactions and allocating customer payments to invoices. It facilitates easy bank account reconciliation, enabling businesses to maintain accurate cash balances and obtain real-time insights into cash flows.

Financial Dashboards: The vendor states that Zumzum Financials allows users to create custom reports and dashboards for real-time financial insights. It offers the ability to drill down into individual chart components for detailed information and track key indicators relevant to the business. The solution also enables the blending of financial and operational metrics to provide a comprehensive view of company performance.

Financial Reports: According to the vendor, Zumzum Financials provides pre-built financial reports that offer real-time insights into the business. Users can view aged receivables reports, trial balance reports, profit & loss reports, and balance sheets. The solution also allows for the creation of custom reports tailored to specific business needs, offering flexible, multi-dimensional reporting with dimensions.

Recurring Invoices: The vendor claims that Zumzum Financials automates the scheduling of recurring sales invoices and allows for the assignment of invoice plans to products and opportunities. With a single click, users can batch create and send multiple invoices while easily tracking sales invoice plan statistics.

Revenue Recognition: According to the vendor, Zumzum Financials simplifies and automates the revenue recognition process. It enables the assignment of revenue recognition rules to products, automatically generating revenue recognition schedules and general ledger entries. The solution helps businesses track and ensure compliance with revenue recognition standards.

Sales Invoicing: The vendor states that Zumzum Financials streamlines the invoicing process with one-click invoicing directly from Salesforce. Users can create sales invoices with a single click, avoiding manual data entry. The solution also offers customizable, branded invoices and automated invoice reminders to facilitate faster payment collection.

Sales Orders: According to the vendor, Zumzum Financials digitizes the sales orders process and allows for the conversion of opportunities into sales orders seamlessly. It automatically captures order and line item details, provides visibility into inventory levels, and enables the reservation of stock for efficient order processing. The solution also facilitates the management and tracking of the dispatch process.

VAT Return: Zumzum Financials offers easy setup of VAT rates and defaults for transactions, simplifying the process of creating and filing VAT returns. According to the vendor, the solution is Making Tax Digital (MTD) ready and can be connected to the HMRC Making Tax Digital API for easy submission of VAT returns.