Integrated Accounting

ChainDrive’s robust, fully-integrated and retail-centric accounting goes beyond the standard by including features that were designed with the retailer in mind.

The system’s automated functionality streamlines laborious tasks and simplifies your accounting process, allowing you to manage exceptions, not the rule.

Key Features

  • Fully-integrated “Retail-Centric” Accounting leveraging our centralized database
  • Multi-company capability, including seamless inventory management and expense allocation
  • Rules-based commissions and incentives engine that feeds to your payroll provider
  • Integrated invoice matching, including drill-down to PO detail
  • Financial reporting available at three grouping levels
  • Tri-dimensional GL structure, providing accountability by account, store, and department
  • Automated cash audit and bank reconciliation, with complete drill-down functionality
  • Centralized lease management and rent invoicing, including future liability projections
 

Tri-dimensional GL

Our flexible, tri-dimensional GL provides the ability to create rules for expense allocation that can be performed on a one-off or even monthly basis. This powerful allocation module can reallocate expenses to stores or departments based on sales, square footage or pre-defined percentage, for precise P&L reporting.

Lease Management

Our sophisticated lease management centralizes lease agreements for all your stores, alerting you on a per-store basis when your lease is up for renewal. The system uses a powerful formula generator to calculate rent and automatically posts monthly rent invoices to the GL. In addition, its advanced liability reporting can project up to twelve years ahead, allowing you to plan and budget accordingly.

Commissions Engine

Our query-based commissions and bonus engine is designed to handle any variation of complex sales incentives, commissions, bonuses, and spiffs. Using fixed or scaled rates, you can create personal, store and/or department targets and budgets. Employee paycards are easily generated by compiling hours clocked at POS, and that data is directly exported to your external payroll provider.

Cash Audit

Our cash audit’s complete drill-down capability lets you view detail down to an individual invoice. With the click of a button, you can post daily sales, deposits and petty cash expenses from POS to the GL. All related outstanding deposits are then generated in bank reconciliation, using an automated module to import transaction files from the internet. This integrated functionality greatly reduces time consuming tasks and eliminates the need for manual information processing that can lead to costly errors.