Name: Turnover Center
Author: Enterprise Analytic LLP

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Vertical-Specific

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The Turnover Center is a cloud-based software solution that aims to streamline business operations for small to medium-sized businesses. It offers a comprehensive suite of features including accounting, inventory management, point of sale, and GST compliance. According to the vendor, the Turnover Center is designed to efficiently manage various aspects of business operations and is suitable for wholesalers, retailers, supermarkets, distributors, and footwear stores.

## Key Features

**GST Billing**: According to the vendor, Turnover Center allows businesses to create professional GST and non-GST invoices, quotations, and e-way bills. It supports multiple languages and offers a Point of Sale (POS) functionality for quick and efficient billing.

**Inventory Management**: Turnover Center provides features such as batch-wise tracking, barcode scanning, stock adjustment, and expiry product management. According to the vendor, these features enable businesses to maintain complete control over their inventory.

**Barcode Management**: According to the vendor, Turnover Center supports barcode label design and printing, improving inventory accuracy and overall productivity. This feature allows businesses to track products easily using barcode scanners.

**GSTR Reports**: Turnover Center simplifies GST compliance by providing accurate and timely GST reports. According to the vendor, businesses can generate various GST reports such as GSTR1, GSTR2, GSTR3, and GSTR4 to ensure compliance with GST regulations in India.

**Unlimited Users**: According to the vendor, Turnover Center allows businesses to create multiple user accounts with different access levels and roles. This feature provides centralized control over operations and ensures data security and privacy.

**All-in-One Solution**: Turnover Center integrates accounting, inventory management, point of sale, and GST compliance into a comprehensive software solution. According to the vendor, this enables businesses to streamline their operations and manage various aspects of their business efficiently.

**Automation and Efficiency**: According to the vendor, Turnover Center focuses on automation, speed, and efficiency to enhance business productivity. It offers fast invoice generation, automated report generation, and the ability to export data to various formats.

**Multi-language Support**: The vendor states that Turnover Center supports multiple languages, including English, Hindi, and over 6000 other languages. This makes it accessible to businesses across different regions.

**User-configurable Templates**: According to the vendor, Turnover Center provides user-configurable invoice, voucher, and document templates, allowing businesses to customize their communication and branding.

**Comprehensive Inventory Reports**: Turnover Center offers inventory reports, including item ledger, current stock, company-wise stock statement, and stock as on date. According to the vendor, these reports provide businesses with detailed insights into their inventory status.

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General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

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.

Accounts receivable

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.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

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

Journals and Reconciliations

Automate and synchronize ledgers and processes

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

Billing Management

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

Cash and Asset Management

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

Travel & Expense Management

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

Budgetary Control & Encumbrance Accounting

Control spending at any budget level or time interval

Period Close

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

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

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

Automatic reordering

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

Location management

The software can track multiple goods across multiple locations.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

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

Benefit plan administration

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

Direct deposit files

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

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

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

Standard reports

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

Custom reports

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

API for custom integration

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.

Plug-ins

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

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

Role-based user permissions

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

Single sign-on capability

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

Multi-factor authentication

User-level audit trail

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

Award Lifecycle Management

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

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

Budgeting and Forecasting

Establish project budgets and forecast future project financials

Project Costing

Standardize, track, and control costs at all project phases

Turnover Center

Overview

What is Turnover Center?