Streamlining Business Accounting

Designed to streamline financial management, provides businesses with a comprehensive suite of tools for invoicing, bookkeeping, reporting, and more—helping companies stay organized and efficient.

Faster Financial Reporting

30%

Reduction in Manual Accounting Errors

100%

Customization to Client’s Needs

Empowering Businesses with Real-Time Financial Insights & Automation

Exagic’s Accounts Portal provides businesses with a fully customizable and automated financial management system. From invoicing and bookkeeping to comprehensive reporting, the portal empowers businesses to gain real-time insights and optimize their financial operations with ease.

Industry:

Accounting

Location:

UAE

Serviced Used

Exagic’s All-In-One Solutions:

Customizable Dashboard & Reporting:
- The Accounts Portal features a user-friendly dashboard where businesses can track key financial metrics in real time. Customizable reports such as Income Statements, Balance Sheets, Cash Flow Statements, and more can be generated with just a few clicks.
- Businesses can create reports tailored to their specific needs, ensuring they have complete visibility over their financial health.
Automated Invoicing & Quotations:
- The portal enables businesses to automate invoicing and quotations, significantly reducing manual efforts and errors. Clients can receive invoices directly, and businesses can track payment statuses and manage overdue payments efficiently.
- Invoicing templates are customizable to align with the brand identity and client requirements.
Comprehensive Bookkeeping & Double Entry System:
- The portal integrates a robust Double Entry System, ensuring accurate and balanced books at all times. Businesses can easily track expenses, purchases, and generate real-time financial reports.
- The Chart of Accounts module allows businesses to define their account structure, ensuring transactions are categorized appropriately.
Expense and Purchase Tracking:
- The portal tracks all business expenses and purchases, providing businesses with a clear overview of their spending. This functionality is crucial for maintaining accurate financial records and simplifying tax preparation.
Client and Supplier Management:
- Businesses can manage client and supplier relationships within the portal, keeping a record of transactions, outstanding balances, and payment histories.
- The portal enables businesses to maintain clear and accurate accounts with clients and suppliers, simplifying reconciliation processes.
Data Security & Protection:
- The Accounts Portal incorporates top-tier security features, such as OTP-based login and Cloudflare protection, ensuring that all sensitive financial data is secure and protected from external threats like SQL injection and cross-site scripting.
- Data Encryption guarantees that all financial transactions and information remain confidential.
Automated Tax Calculations & Reporting:
- The portal is designed to handle all tax-related calculations and report generation. It ensures compliance with local tax regulations and automatically calculates withholding tax for transactions and vendor rebates.
- Tax Preparation Reports are easily generated, reducing the complexity of tax filings for businesses.
Customizable User Roles & Access Control:
- The Accounts Portal allows businesses to define specific user roles and grant controlled access to various modules. Different levels of access can be assigned to employees based on their responsibilities, ensuring data security and efficient workflow.
- Access control ensures that only authorized personnel can view and modify sensitive financial data.
Real-Time Financial Insights:
- The portal provides live updates and real-time financial data, allowing businesses to track key metrics such as sales, profits, and expenditures at a glance.
- Comprehensive analytics tools help businesses make informed financial decisions, based on data-driven insights.
Mobile-Responsive & Cloud-Based Access:
- The portal is cloud-based, allowing businesses to access their financial data and manage accounts from anywhere, at any time.
- The mobile-responsive design ensures that the portal is fully functional on smartphones and tablets, enabling on-the-go financial management.

How the Accounts Portal Transformed Business Operations:

Efficiency & Automation:
- By automating invoicing, tax calculations, and reporting, the portal saved businesses significant time, reducing manual workloads and eliminating errors, allowing them to focus on growth and strategic planning.
Real-Time Financial Insights:
- With easy access to up-to-date financial data, businesses were able to make smarter decisions based on real-time performance metrics, leading to better cash flow management and more accurate forecasting.
Error Reduction:
- The automation of key accounting tasks minimized the risk of human error, ensuring that financial records were always accurate and reliable.
Scalability & Flexibility:
- The portal is designed to grow with the business, handling increased transaction volumes and more complex accounting needs as businesses scale, while adapting to various industries and business models.
Centralized Financial Management:
- With all accounting, invoicing, and reporting functionalities in one centralized platform, businesses were able to streamline their financial operations and improve internal collaboration among teams.

Benefits Achieved by Using the Accounts Portal:

Time-Saving Automation:

The automation of key processes, such as invoicing and report generation, saved businesses significant time, enabling employees to focus on more value-added tasks.

Enhanced Data Security

With robust security measures in place, businesses can confidently manage their financial data without worrying about breaches or data theft.

Increased Accuracy:

With a double-entry system and automated calculations, the portal reduced errors and ensured that businesses maintained accurate and balanced financial records.

Better Decision-Making:

The real-time reporting and customizable financial insights allowed businesses to make more informed, data-driven decisions, improving overall business performance.