I have been at Third Wave for almost a year and a half. I wish I knew about the ease of the certain accounting processes at my last job that I enjoy at Third Wave. For example, Advanced Productivity Pack (APP) allows me to send many invoices to customers through the advanced delivery definition module with a few clicks of my mouse. The emails are easily created with PDFs of the invoices and related service reports. Also, an activity record is created so it creates transparency within Third Wave and allows others to see when the invoices were emailed. Another example of streamlined accounting processes at Third Wave is the use of our Electronic Funds Transfer (EFT) module. This module allows us to make vendor payments quickly and easily. Once vendor invoices are selected for payment, they are processed in SAP Business One. Then you generate EFT files that are uploaded to the company’s bank website and processed. The last step allows you to utilize the advanced delivery definition to send emails to the vendors with an EFT remittance advice stating that payment was processed. It takes about 15 minutes to pay 20 vendors and email them their remittance advice. Nothing is easier than this process and who wants to spend hours a month processing vendor checks.
-Guest Blogger: Michael Cirillo, Controller