When your business grows, the number of transactions also increases. Accordingly, there is a need to track these payments and control the financial data.
Developing your own payment accounting system requires significant financial investments and takes 1-2 years. But it is possible to use a ready-made general ledger SaaS to manage your payments.
What is a general ledger SaaS version?
A general ledger SaaS is a layer for payment-heavy businesses that helps you to manage your online transactions. The Software as a Service solution provides an affordable version of a record-keeping system for financial data, and allows you to create payment accounting reports.
The SaaS general ledger layer is used as a foundation for storing and organizing financial data, and facilitates the company’s management, accounting processes, and real-time reporting. It also can provide the multiple assets within the business workflows and hold account information.
Advantages of using general ledger SaaS version for your company
The general ledger SaaS allows you to track and assess all business operations in an efficient way. Providing effective automation of the accounting process, the service increases the staff’s productivity and speeds up payment processing. You can focus on business development and new features implementation, while a general ledger helps with transaction management. Also this solution can provide a high level of security, potential for scaling up and out, and multi-asset management.
Features of the general ledger layer for businesses:
Multi-asset management. You can gather and manage transactions data, using a general ledger layer. It is also possible to utilize it for accounting, data management, and business analysis. As for payment-heavy businesses, such a ledger allows to integrate thousands of unique accounts with specific parameters and log all data about each transaction or banking operation related to this account.
Scalability. The general ledger layer has a modular structure that can be expanded according to your business needs. It provides better integration with the business that adopts it into the current workflow. You can also easily add new features via the API module to get more functionality from the on-cloud version of the general ledger layer.
High level of security. Using reliable software you can protect your business and the customers from data leakage. Therefore, the foundation has a security build design that prevents your business from information loss.
Cost-effective solution. Using the SaaS version on subscription you get a ready-made solution for payment tracking for an affordable price. It is especially convenient for an actively growing business that needs to speed up the market entry.
Use SDK.finance general ledger for SaaS for your businesses to track the payments and control the financial data. Using the foundation for accounting, client management and business flow automation, you can pay attention to adding new functionality for product development and focus on customers needs.
Get our solution on SAAS subscription to cut expenses and team resources, without developing your own payment system.