2022 Premier’s NSW Export Awards Finalist
September 29, 2022 10:17 am | by Jordan
The SapphireOne team is proud to announce that SapphireOne is a finalist for the 2022 Premier’s NSW Export Awards. SapphireOne is running in the category of Advanced Technologies, highlighting SapphireOne’s achievements in the international market and recognising the ‘success and resilience’ of exporters in New South Wales.
We have had many significant achievements and accomplishments this year. In particular, the SapphireOne Knowledge Base, Single Touch Payroll Phase II certification, and the development and release of SapphireOne 19.4.
The latest version of SapphireOne 19.4 contains significant upgrades and updates, also making SapphireOne 19.4 the first ERP to be fully compatible with Apple Silicon.
Members of the SapphireOne team will be attending the NSW Export Awards on the 12th October 2022. Additionally, the winners of the 13 national categories in this program will be moving forward to the Australian Export Awards. Consequently, the pathway to enter the National Export Awards is through your respective State or Territory awards program only.
Celebrating 60 Years of Australian Export & Investment Awards
The Australian Export & Investment Awards run by the Australian Export Council is one of the longest running business awards programs in Australia. Now in its 60th year, the awards is a national program recognising and honouring Australian exporters. Furthermore, these exporters are achieving sustainable growth through innovation, and international companies making an enduring contribution to the Australian economy.
The Australian Trade and Investment Commission and the Australian Chamber of Commerce and Industry partner to present the award program. It’s a high priority of the Australian Government and is supported by leading Australian corporations, export facilitators and industry groups.
Equally, the program aims to recognise the success and resilience of NSW exporters and their achievements in the international market. They are announcing the winners of the 13 national categories on 12th October 2022.
Thank you to the Export Council of Australia for recognising SapphireOne, and congratulations to all the finalists!
In addition, we would like to acknowledge the support expressed by all partners:
NSW Government, Export Council of Australia, DHL, Department of Foreign Affairs and Trade, Export Finance Australia, BDO, AusIndustry, Austrade, KPMG.
SapphireOne Certified ATO Digital Service Provider (DSP)
October 19, 2021 3:49 pm | by Maddie Kent
SapphireOne approved by the Australian Taxation Office (ATO) as a certified Digital Service Provider (DSP).
SapphireOne has been approved by the Australian Taxation Office (ATO) as a certified Australian Digital Service Provider (DSP). The certification is in compliance against the ATO requirements of the Digital Service Provider Operational Framework.
The DSP Operational Framework is a risk scaled model that sets minimum requirements a DSP needs to meet in order to consume ATO services. The Framework seeks to protect Taxation, Accounting, Payroll and Superannuation related data and the integrity of the Taxation, Business Registry and Superannuation systems that support the Australian community.
This is achieved by setting out a minimum level of security requirements a DSP needs to meet in order to access ATO Digital Services that perform a functional role in the supply chain. It comprises of a range of controls which include but are not limited to data encryption to protect the confidentiality of client data, default onshore data hosting to limit risk of non-authorised access, and multi-factor authentication and audit logging.
Certification to ATO Certified Digital Service Provider provides SapphireOne Clients and Vendors with official endorsement that our commitment to protecting crucial security information meets ATO standards and best practices.
To find out more about SapphireOne integrated ERP, CRM, Business Accounting application and innovative software solutions, please get in touch – we’re always here to help.
SapphireOne Certified for ISO 27001:2013 Information Security Management Systems
October 19, 2021 11:17 am | by Maddie Kent
ISO 27001:2013 Security Certification
We are happy to share that SapphireOne has been re-certified, valid until March 2024, for ISO 27001:2013. The re-certification is aligned with our previous ISO 27001 certification in 2018.
ISO 27001 is an internationally recognised standard for security information that sets global requirements for Information Security Management Systems (ISMS). The ISO standard, updated in 2013 and currently referred to as ISO/IEC 27001:2013, is considered the benchmark to maintaining customer and stakeholder confidentiality.
The ISO 27001 standard requires a systematic examination of security risks, threats, vulnerabilities and their impact. SapphireOne has achieved the certification process by demonstrating that a comprehensive system of information security controls and management processes have been implemented. These processes ensure that information security controls continue to meet the organisation’s requirements on an ongoing basis.
Certification to ISO 27001 Information Security Standards provides SapphireOne clients and vendors with an independent endorsement that our commitment to protecting crucial information security meets international standards and best practices.
To find out more about SapphireOne integrated ERP, CRM, Business Accounting application and innovative software solutions, please get in touch – we’re always here to help.
SapphireOne Multi Company Accounting Software
April 21, 2021 11:24 am | by Maddie Kent
If you are reading this you would already know that using integrated accounting software has become a necessity when it comes to effectively managing your business operations. But what if you own multiple companies, and want to manage all of them from the same accounting software?
Running your business and managing interests in two or more legal identities can be complex and complicated. With multi-entity accounting – plus the added consideration of multiple locations, currencies, regulations and tax jurisdictions – you have a plate full of things to track and manage.
Traditionally the way to manage this has been to manually prepare separate accounting for each – expenses, currencies, payments, tax returns, and often PayRoll – which can be incredibly time consuming and leaves you praying that your BAS returns, tax and financial information is balanced.
SapphireOne ERP, CRM and Business Accounting application has been designed to tackle these challenges for businesses, and is an integrated accounting software offering unlimited multi company accounting solutions at no additional cost. SapphireOne multiple company software provides global consolidation for multiple entities, locations and currencies – all at the click of a button.
Accounting software to manage multiple companies
SapphireOne multi company accounting software gives you the ability to manage multiple companies with multi-locations, operations, currencies and tax realms completely independent from each other. These are run through a single data file, which consolidates and automates all your businesses financial activities. The single data file means that you no longer have to exit out of one company’s database to work in another, simplifying accounts payables and spending across all entities by having one integrated accounting application to house all information.
With a single data file, companies can share clients, vendors and transactions. This means that the corporate head office can view accounts from all company locations. Employees can also access inventory, customer data, invoices, orders and documents on nominated companies from different locations and devices.
SapphireOne multi company accounting software prepares individual financials and business reports for each company, ensuring that all data remains within the one entity. For group financials and all areas of the business, access can also be limited to corporate head office and management to ensure data security and integrity.
PayRoll software for multiple companies
SapphireOne is an integrated accounting software application and includes eight separate modes within the one application. This includes the ability to process multiple PayRolls for multiple companies as a standard functionality within the application.
SapphireOne’s PayRoll software for multiple companies eases the challenges of managing your team across different companies, as well as managing HR requirements and ensuring you are compliant with all Federal and State regulations.
SapphireOne PayRoll software is the best PayRoll processing software for multiple companies as it provides the functionality to allocate your employees costs across multiple companies, set up all employee locations within a company profile, allocate employees working at multiple companies to the relevant location within the PayRoll system, credit hours and costs to specific locations, split costs across multiple companies, and much more.
Run unlimited companies at no additional cost
1. No additional licenses required
SapphireOne multi company accounting software is included within the SapphireOne application at no additional cost to the user. This sets us apart from our competitors, as SapphireOne users have the ability to run an unlimited number of enterprises within the one application for NO additional costs or license fees within a single data file.
In all relevant SapphireOne data entry screens, there is the multi company functionality that allows users to split transactions between multiple companies and projects. The multi company button is only visible if you have multiple companies set up within your SapphireOne data file.
2. Flexible multi-currency solutions
If you have multiple companies across the globe that need to buy and sell in the local currency, your ERP and accounting system needs to offer a flexible multi-currency solution. With SapphireOne multi company accounting software, not only can you specify a different currency for each location to buy and sell in, you can also choose the currency you prefer your information to display within the application.
3. Multiple Federal and State tax jurisdiction solutions
As a true multi company accounting software, SapphireOne is built to handle an unlimited number of companies that can sit within different Federal and State tax jurisdictions, have their own financial year-ends and trade in their own local currency.
4. Centralised multi company reporting
As SapphireOne multi company accounting software functionality is managed within the one data file, the software facilitates companies to share centralised data, providing easy access to all reports and data across multiple companies.
Simplify multi company accounting with SapphireOne
Multi company accounting software is a necessity for business owners managing multiple entities across multiple locations. After all, having all your accounting and payroll requirements for all your entities consolidated within the one application simplifies processes and ensures the smooth flow of information and functions across all areas of your business.
To find out more about SapphireOne integrated ERP, CRM and Business Accounting application and the benefits of multi company accounting software, please feel free to get in touch with a member of our team – we’re always here to help!
Benefits of Integrated Accounting Software
April 14, 2021 4:00 pm | by Maddie Kent
There is no doubt that the many benefits of integrated accounting software has made it become one of the most indispensable tools for businesses of all types and sizes.
As a business owner, you would know that as your business expands it becomes increasingly more difficult to manually manage the financial and moving components of your business. If you are running multiple software applications for different functions of your business – such as Accounting, HR/PayRoll, CRM, Inventory Management – you would also know how challenging it can be to streamline the data and flow of information between seperate applications.
This is where integrated accounting software comes in, and has many benefits to offer that enables organisations to bring all components of the business together in order to streamline operations and facilitate growth.
SapphireOne ERP, CRM and Business Accounting software has been designed for this specific purpose – as an all-encompassing integrated accounting solution which includes multiple key modes and functionalities within the one application.
However, before we get into the details of integrated accounting software and its many benefits, let’s start by understanding what integrated accounting software actually is.
What is an integrated accounting system?
As the term suggests, an integrated accounting system is an accounting software that effortlessly combines and connects all major business functions into the one application, without the need for additional plug-ins or manual data manipulation.
In short, it eliminates the need to maintain separate books and software applications for different functions such as CRM, ERP, PayRoll and HR, Job Costing, Project Management, Inventory Management & more. For example, as all functions are run within the one application, it will automatically transfer the data from your Order Management mode into your Accounting mode, saving time and ensuring that your data is kept up-to-date at all times.
What are the benefits of an integrated accounting software package?
An accounting system can deliver great benefits to any business, however these benefits are amplified with an integrated accounting system, which automatically receives and transfers a constant flow of data across all your business operations.
- No More Additional Plug-Ins
An integrated accounting software eliminates the need for additional and often expensive software or plug-ins to fulfil all your related business requirements, as everything is housed within the one application. This means no more manual data transfer or manipulation, and reduces the risk that the systems will not pass or update the information correctly.
- Seamless Transfer of Data
As all functions are run within the one application, the system will automatically transfer the data between all modes. This not only saves time and effort, but also reduces the chances of any human error. Plus, the system receives a constant flow of data, keeping it up-to-date at all times.
- Ensure More Reliable Data Entry
Standalone accounting software requires you to manually enter your Customer, Vendor, PayRoll and Inventory data from one application to another. Not only is this a timely process, it often results in duplication or incompletion of data, and there is no guarantee of the reliability of data as this process is prone to human error. Implementing an integrated accounting system eliminates the need for any manual data entry and removes all challenges of double or missing entries and reduces chances of human error.
- Speed Up Decision Making
The manual data entry process that is required for standalone accounting systems increases the chance that you will not have the updated financial information needed to make quick and informed decisions. An integrated accounting software means you can easily avoid this issue as it provides you with a real-time view of all transactions as they happen. The information from each module automatically flows into the accounting system as the transactions occur and remains updated at all times.
SapphireOne best integrated accounting software
“Accountants & financial controllers all have their personal preferences. However, SapphireOne is a RocketShip.” – Moyle Bendale Timber
SapphireOne’s ERP, CRM Business Accounting software includes eight core business modes, guaranteed to cover all key business functions for medium-large size businesses within the one integrated accounting software application.
These eight modes include Accounts, Inventory Management, Projects, Assets, PayRoll and HR, Management, Utilities and WorkBook – all seamlessly integrated within the one application. The modes include the below key functionalities, just to name a few!
Accounts – Financial Accounting Software
SapphireOne integrated accounting software is an all-in-one solution for efficient and compliant accounting operations. The Accounts Mode includes functionalities such as Bank Reconciliations, Direct Bank Entries, General Ledger, Client and Vendor Transactions, Multi-Company Accounting, Customer Relationship Management, Document Management and Comprehensive reporting.
SapphireOne business accounting software is also ATO Single Touch PayRoll certified, and enables employers to report salaries, wages, bonuses, pay-as-you-go withholding (PAYG) directly to the Australian Tax Office after each pay event.
CRM – CRM and Accounting Software
SapphireOne CRM and accounting software facilitates collecting, organising and managing customer information, and is also integrated into our ERP to provide a well-defined overview of your customer.
A few features of our CRM and accounting software includes Customer Profiles, Document Management, Calendar, Notes, SoftPhone Integration and Voice Recording.
ERP – Integrated ERP Software
SapphireOne integrated ERP and accounting software is a complete business management software suite. It automates and integrates core business processes such as Financial Accounting, Inventory, Supply chain, Job Project Management, Asset Management, PayRoll/HR, CRM, Document Management, Soft-Phone and support for multiple foreign currencies and companies.
PayRoll and HR – Integrated PayRoll and HR Software
SapphireOne integrated HR and PayRoll software covers diverse online PayRoll requirements, and seamlessly connects to SapphireOne Accounting Mode for easy data transfer and updated information. Our easy to use PayRoll and HR features include management of PayRuns, PayRoll Reporting, Rostering, Employee Details, Employee Benefits, Award Entitlements, Leave, Remuneration Inquiry, Allowances, and Tax Scales to name a few.
Inventory Management – Business Accounting and Inventory Management Software
SapphireOne Inventory Management software provides all features required to perform inventory management. SapphireOne Inventory Sales menu encompasses all the business-related documentation required to manage and provide goods and services to your client – such as Materials Requirements Planning (MRP), Client Quotes, Client Orders, Picking Slips, Packing Slips and Client Invoices.
SapphireOne Inventory Purchases menu also gives you the full functionality for entering transactions, and ordering and purchasing of goods/services, including Vendor Orders and Vendor Invoices. Once verified, these transactions flow automatically through to the SapphireOne Accounts Mode to seamlessly create Client and Vendor accounting entries.
Job Projects – Integrated Project Management Software
SapphireOne Job Projects facilitates the tracking of revenue and costs which are related to a specific task or job. By linking these items through the use of a Project ID, SapphireOne allows for easy and accurate assessment of the profitability of jobs, matters, projects or engagements undertaken.
The Job Projects Mode includes key functionalities such as Gantt Charts, Resource Management, Inventory Allocation, Timesheets, Transaction Inquiries, Rostering and Scheduling, Reporting and more – all seamlessly linked to your Accounts Mode for accurate financial tracking and analysis.
Bringing it all together
Integrated accounting software is rapidly becoming a necessity for all businesses. After all, having all functionalities integrated within the one application means that there is no information in isolation, and integration leads to smooth flow of information between all functions of the business.
To find out more about SapphireOne integrated ERP, CRM and Business Accounting Software and the benefits of integrated accounting software, please feel free to get in touch with a member of our team – we’re always here to help!
4 Reasons Why We Release Early And Often
April 6, 2021 4:00 pm | by Maddie Kent
Why we choose to release new SapphireOne versions every week
At SapphireOne our highest priority is to satisfy our clients through early and continuous delivery of valuable software solutions. We are constantly working to improve our software and release new functions for our clients every week.
In this blog post, we’ll take you through the strategy behind our decision to release new SapphireOne versions every week as part of the ‘Release Early, Release Often’ philosophy.
What is Release Early, Release Often (RERO)?
RERO is a software development philosophy that emphasises the importance of early and frequent releases of new versions. It is designed to create an open feedback loop between testers, users and developers with the goal to promote faster, higher quality software to better meet the users needs and expectations.
At SapphireOne we try to live up to the RERO philosophy as we believe it allows our software development to progress faster, enables our users to help define the SapphireOne software into the future and ultimately results in a higher quality software for our clients.
4 Benefits of Releasing Early and Often
- Improved user experience for our clients
Releasing small changes every week creates an open feedback loop between us and our clients. Our clients have the chance to experience the latest software release straight away as well as identify and respond to any bugs in real time. This allows our team to fix the requested changes and ensures that our software is continuously meeting our clients requirements.
- Faster identification of bugs
Bugs can be difficult to discover without putting it in the hands of our users. Frequent release of new versions are an opportunity to test new features in real life and identify any bugs to fix quickly. Early identification of bugs ensures that our software is functioning to the best of its capability at all times.
- Reduced chance of errors
Longer periods between releases increases the amount of code, features and testing – the result being increasing the possibility of errors. Having smaller, faster and more frequent versions naturally limits the number of features and therefore the number of bugs in each release.
- Software that continuously meets our clients needs
Having a continuously open feedback loop between us and our clients means that our software is constantly being developed in order to meet our clients specific needs, resulting in a higher quality of software for our users that best services their unique business requirements.
You can review all our latest version and Release Notes through our new Knowledge Base. If you have any questions please do not hesitate to contact us or book a call with a member of our Support Team – we’re always here to help!