Robust Financial Tools For All Businesses

Rocket’s accounting dashboards provide a real-time snapshot of your financial health. They offer a visual representation of key financial metrics, enabling you to make informed decisions quickly.

Key features and benefits:

• Customization: Create personalised dashboards to focus on specific financial areas that matter most to your business.
• Real-time data: Access up-to-date financial information for better decision-making.
• Visualizations: Utilize various chart types (bar, line, pie, etc.) to easily understand complex data.
• Key metrics: Track essential financial indicators like revenue, expenses, profit, and cash flow.
• Drill-down capabilities: Explore underlying data for detailed analysis.

Accounting dashboard components:

• Sales overview: Track sales performance, revenue, and top-selling products.
• Purchase overview: Monitor purchase orders, expenses, and top suppliers.
• Profit and loss: Visualize income and expenses to assess overall profitability.
• Cash flow: Analyze cash inflows and outflows to manage liquidity.
• Aged receivables/payables: Monitor outstanding invoices and payments.

By effectively utilizing Rocket’s accounting dashboards, your business can:

• Identify trends and patterns in financial performance.
• Improve cash flow management.
• Enhance decision-making.
• Optimize resource allocation.

Rocket’s Quote to Invoice Process

Rocket offers a streamlined process to convert quotes into invoices, enhancing efficiency and accuracy in sales operations.

How it works:

1. Quote Creation:

1. Sales representatives create detailed quotes for customers, outlining products or services, quantities, prices, and terms.
2. Rocket allows for customization of quote templates, ensuring consistent branding and information.
3. Quote Approval:

2. Quotes can undergo an approval workflow, especially for larger deals or specific departments.
3. This ensures accuracy and authorization before proceeding to the next stage.
4. Quote Conversion:

3. Once the customer accepts the quote, it can be easily converted into an invoice with a few clicks.
4. Rocket automatically transfers all quote details, including products, prices, and customer information, to the invoice.
5. Invoice Customization:

4. Users can make necessary adjustments to the invoice, such as adding discounts, taxes, or payment terms.
5. Rocket provides flexibility to customize invoice templates as well.
6. Invoice Sending:

5. The generated invoice can be sent to the customer via email or other preferred methods.
6. Rocket offers options for automated email notifications and reminders.
7. Payment Tracking:

6. The system tracks invoice payments, updating customer balances and generating payment receipts.
7. Integration with payment gateways allows for online payments.

Benefits of Rocket’s Quote to Invoice Process:

• Time-saving: Automates the conversion process, reducing manual data entry errors.
• Accuracy: Ensures consistent information transfer between quotes and invoices.
• Improved cash flow: Efficient invoice generation and tracking help in faster payments.
• Better customer experience: Professional and timely invoicing enhances customer satisfaction.
• Integration: Seamlessly integrates with other Rocket modules like sales, accounting, and CRM.

By leveraging Rocket’s quote to invoice functionality, your business can streamline your sales operations, improve financial management, and enhance overall efficiency.

Rocket’s Supplier Management

Rocket’s supplier management module is a comprehensive tool designed to streamline the procurement process and optimize relationships with vendors.

It offers a centralized platform to manage all aspects of supplier interactions, from onboarding to payment.  

Key Features:

• Vendor Onboarding: Efficiently add new suppliers to the system, capturing essential information like contact details, bank accounts, and payment terms.
• Vendor Performance Tracking: Evaluate supplier performance based on factors such as delivery time, quality, and pricing.  
• Purchase Order Management: Create and manage purchase orders, track order status, and generate related documents.  
• RFQ (Request for Quotation): Send requests to multiple suppliers for products or services and compare quotes.  
• Three-Way Matching: Automate the matching of purchase orders, invoices, and delivery notes to prevent discrepancies.  
• Payment Management: Process vendor payments, track payment history, and reconcile accounts.
• Vendor Portal: Provide self-service options for suppliers, allowing them to access order information, upload documents, and check payment status.

Benefits:

• Improved Efficiency: Streamline procurement processes and reduce manual tasks.
• Cost Reduction: Optimize supplier selection and negotiate better terms.
• Better Supplier Relationships: Foster strong partnerships through effective communication and performance tracking.  
• Enhanced Visibility: Gain real-time insights into supplier performance and spend.
• Reduced Errors: Minimize discrepancies through automated processes and data validation.

By effectively managing suppliers, your business can improve their supply chain, reduce costs, and ensure timely delivery of goods and services. Rocket’s supplier management module provides the tools and functionality to achieve these objectives.