Sparkrock

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

A number of third-party plug-ins are available to expand the core functionality of the software.

The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

The software offers pre-built reports with metrics standard to the category.

Users can create custom reports.

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Account using multiple ledgers, multiple currencies, and multiple entities

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Automate and synchronize ledgers and processes

Configure accounting rules and segments for each chart of accounts

Centralize financial management to facilitate standardized financial processes

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

The software can be set up to automatically reorder a good when it falls below a certain threshold.

The software can track multiple goods across multiple locations.

Access role-based billing work area, perform discrete and recurring billing

Comply with ASC 606 / IFRS 15 by applying standard's 5 steps to customer sales contracts

Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments

Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement

Control spending at any budget level or time interval

Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration

Establish project budgets and forecast future project financials

Standardize, track, and control costs at all project phases

Capture costs including those for procurement, financials or time and labor, including from external systems

Track and manage capital asset costs

Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms

Recognize project contract revenue in line with accounting policies and regulations

Manage the life of program funding awards from initial funding to close-out

Track spending, control cost charges, and identify budget overspend

Apply and report on indirect costs

Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics

Searchable, browsable catalog for employees to shop for goods and services through a consumer e-commerce look and feel display

Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration

Set contracts to automatically renew driven by performance parameters

Secure and searchable contract repository leveraging standard company language components, structures and formats

Create touchless purchases using purchase orders generated automatically per rules from approved requisitions

Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads

Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand

Establish projected inventory levels, monitor actual levels and compare with projected levels

Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes