SunSystems Blog

Accounting fraud can have severe implications for organisations, causing significant financial loss and damaging reputations. This article will provide a comprehensive guide to preventing accounting fraud in your organisation. Understanding the Nature of Accounting Fraud Accounting fraud involves the intentional manipulation of financial statements to create a false appearance of […]

As a finance manager, CFO, or the leader of your finance team, implementing a new financial management system may seem like a daunting task. Not to mention, it could add more responsibilities to your finance team’s workload. However, the benefits of having an efficient financial management system cannot be overstated. […]

As the end of the financial year approaches, it’s essential for finance teams and CFOs to start thinking about how to prepare for the year ahead. By reviewing past performance, setting new goals, and putting the right processes and systems in place, you can set your organisation up for financial […]

Effective management of financial resources is crucial for companies that aim to drive growth and expansion. In this article, we explore some key steps for effective financial resource management so you can improve profitability or even expand into new markets. 1. Automate the management of financials with a financial management […]

Expense management can be a challenging task for any business. Without proper planning and control, expenses can quickly spiral out of control, leading to financial difficulties and potentially even bankruptcy. That’s why it’s crucial to have a clear, well-thought-out expense management policy in place. This policy should outline the guidelines […]

There are many reasons to move your financial software to the cloud. The new SunSystems Cloud solution provides the opportunity to transform how your finance team operates—not just at a technical level, but in all aspects of the business. Here are some of the key benefits of moving your financial […]

Creating a budget can be a daunting task, especially if you’ve never done it before. But with a little planning and forethought, it doesn’t have to be so overwhelming. Here are five tips to help make budgeting easy for finance teams. 1. Know your numbers This may seem like an […]

Creating and adhering to a budget is essential for any business. It ensures that your spending is aligned with your goals and helps you to make informed decisions about where to allocate your resources. But the budgeting process doesn’t have to be overly complicated or time-consuming. As a Chief Financial […]

Financial fraud is a major problem for businesses of all sizes. In fact, the Association of Certified Fraud Examiners (ACFE) estimates that organisations worldwide lose 5% of revenues to fraud. No business is immune to fraud, but there are steps you can take to mitigate the risk. Here are five […]

It’s happened to all of us: we’ve overspent on groceries, gone over our budget for the month, or maybe even maxed out our credit cards. Overspending is a common occurrence, but it can be difficult to know what to do when it happens in business. There are a few key […]

Infor SunSystems is known for being a powerful and comprehensive financial management system that’s flexible enough to meet the needs of companies of all sizes. But just how popular is SunSystems among businesses of different sizes? Well, as a highly configurable FMS, SunSystems can be adapted to the specific needs […]

Financial consolidation is the process of combining financial data from several departments or business entities within an organisation and rolling it up to a parent company, usually for reporting purposes.  This process can be a daunting and time-consuming task, especially for large organisations with multiple subsidiaries. However, there are ways to simplify the […]

Query & Analysis (Q&A) is a powerful, ad-hoc query and analysis tool developed to give you the information you need, fast, efficiently and accurately. Aside from being a dynamic, multi-language, multi-currency business intelligence tool, it also offers a suite of applications that provide solutions for specific finance needs including financial […]

If you’re like most businesses, you rely on your accounting software to help make informed decisions about the future of your company, to manage your finances effectively, and to keep on top of your compliance obligations. But what happens when your software starts to show its age? You might find […]

As a business organisation, you know that cash flow is key. You also know that it’s important to keep your expenses low and your profits high. That’s why it’s so important to have a good credit control system in place. A good credit control system will help you manage your […]

Every business, no matter how big or small, is always looking for ways to reduce overhead costs and increase profits. In the accounting and finance department, there are a number of ways to do this without sacrificing the quality of the work that is being done. Here are five of […]

Accounting software can help to avoid accounting errors in your business’s financial operations. This is important because when it comes to financial operations, the accuracy of your data is critical. Inaccurate data can lead to misinformed business decisions, and in some cases, can even jeopardise your company’s financial stability. That’s […]

Your accounting system is one of the most important tools for your business. It’s what allows you to manage your finances, keep track of your income and expenses, and make sound decisions about where to allocate your resources. As such, it is vital that you have an accounting system that […]

Too often, we see organisations trying to put in a new system without improving the processes that will make it work effectively. A new system will only take you so far. It’s important to place some focus on the processes that will support your new system. Don’t just implement a […]

Your accounting software saves you time and money by automating tedious tasks and providing quick access to data. However, over time your organisation can change, and so too can the requirements of your accounting software. Here are 7 things you can do to help you get the most out of […]

Accounting teams can find themselves in a difficult situation when trying to switch over to new accounting software. There are many mistakes that can be made so it’s important to make sure you’re aware of them. To help you out, we’re going to break down the 9 most common mistakes […]

VAT Reconciliation is a process that ensures the company’s VAT obligations are met. This may include recording and adjusting transactions, paying tax owed, or claiming refunds for overpaid taxes. VAT is an acronym for Value Added Tax, which is charged on goods and services in many countries as part of […]

Accounting seems to be a dreaded task and many people shy away from it. What could be the reason for this? What could organisations do to make their accounting easier and less daunting for themselves and their employees? The Difficulty of Accounting There are many reasons why accounting can be […]

Every business, no matter how big or small, needs to have some sort of accounting system in place. But what is the best type of accounting system for your specific business? That depends on a variety of factors, including the size and complexity of your company, the number of transactions […]

Building a digital strategy for your finance department is a necessary step in getting finance to be a part of the bigger picture of the business. The digital world is changing quickly, and this technology-driven shift has left many finance departments struggling to keep up. You don’t want to be […]

Finance team members can spend a lot of time on solo tasks. However, teamwork is important for success, both within your team and across departments. In order to create an efficient and cohesive finance team, it is important for members to be able to work collaboratively. This means having a […]

It’s a fact that December is a busy time of year for every company. It’s the season where budgets are finalised, expenses are paid, and profits are counted. The question is – do you have your financial house in order before the end of the year? Here are 5 things […]

Measuring a company’s financial health is important for keeping things in order and providing insight into how well the business is doing. It is also necessary for making sound decisions that could improve the company’s overall bottom line. But how do you measure your company’s financial health? First off, it’s […]

Accounting is an integral and vital part of the daily operations of any company. It’s not just about numbers, it’s about accuracy and integrity. A company’s accounting reports are an accurate portrayal of the company’s monetary reality; therefore, it is crucial that these numbers are as reliable as possible. The […]

Is Infor SunSystems 7 a true cloud-based SaaS FMS? Cloud technology has become a standard in most industries, and as such, businesses are flocking to the cloud as an appealing alternative to on-premises applications. But not all “clouds” are created equal. There’s cloud and true cloud. True cloud-based solutions are […]

If you’ve gone through the process of implementing SunSystems for your company, then hopefully you’re seeing the benefits that come along with doing so. However, even after you’ve completed the implementation, there are still things that need to be done to ensure the system is working for your employees and […]

The world of finance is changing rapidly and there are new trends that every professional needs to be aware of. In this blog post, we’re going to explore these new trends and what they mean for the finance industry. 1. AI and finance automation will become much widely adopted Machine […]

For the last few years, it has been a common sight to see numerous incidents of criminality, corruption and fraud in organisations. Almost every few months, a new scandal is being unveiled in some form or the other. Financial crimes in organisations are becoming a serious threat. Criminals continue to […]

The accounting profession has evolved a lot. And by extension, the job description of the accountant. No longer is the accountant seen as someone sitting at a desk with a calculator and stacks of paper. While the principles of accounting remain the same, the technology we use has changed greatly. […]

The financial management system is the backbone of every business. Without a good one, everything falls apart. It’s not just about keeping track of money and expenses; it’s also about organising your company and making it run more efficiently. A new financial management program can do both at once, providing […]

Financial reports are a necessary evil. They’re boring, they take time to make, and they often don’t get read all the way through. But you still need them in order to run your company well. How can you make them more appealing? Here are 5 ways: Think about the key […]

Accounting teams can find themselves in a difficult situation when trying to switch over to new software. There are many mistakes that can be made so it’s important to make sure you’re aware of them. To help you out, we’re going to break down the 5 most common mistakes and […]

SunSystems gives organisations that run multi-company set-up the ability to generate intercompany postings across business entities. This is important because without parent companies executing their intercompany accounting properly, their consolidated financial statements will be affected. For example, inaccuracies and incorrect data can become the order of the day within their […]

What is SunSystems? Is SunSystems an ERP? How do you use the Sun accounting software? These are some of the many questions around SunSystems and on this page, we have answered them all. For businesses with small or non-complex accounting processes, a no-frills solution that allows you to record what’s coming […]