Product Description
iplicit puts the full power of cloud accounting software into the hands of care homes.
Its award-winning platform helps control costs and eliminates many of the wasteful manual processes that can leave staff bogged down in spreadsheets.
iplicit provides a finance team with a “single source of truth”, allowing them to see accurate information for all the homes and entities in a group in one view and in real time.
Management of suppliers and funds is dealt with in one place and the complexities of intercompany transactions are easily handled.
Care homes can set up “resident accounts” that simplify matters when the same resident is funded from multiple sources.
Users can drill down to individual transactions to ensure firm control of costs, then move back up to the wider view of the organisation.
iplicit’s automation tools do away with many of the manual tasks which hold up the production of month-end and year-end accounts. It links with EpicCare and Fusion Care Home Management, while its open API allows seamless integration with other business systems.
And since iplicit is true-cloud software, it stores data safely, with the latest security updates applied automatically – doing away with the risks of storing data on the premises.
Product Features
- Core financials: multi-level analysis, multi-legal entity capability and consolidation for decision-making at a group level, all in real-time. Drill down to documents/transactions. One browser across all entities and functions so you can see all your entities in one view. No additional modules or consolidation module required.
- Automated intercompany purchase and payment allocations, journals and invoicing. Allocations of bulk receipts across multiple entities, homes and residents.
- Automatic service / resident invoicing.
- Centralised purchase requisitions, with line-based intercompany apportionments.
- Automatic accruals and prepayments at month end.
- Open Banking integration, with automatic bank reconciliations and AI learning.
- Approval workflows: Home, entity and department-specific workflow approvals. Workflow approvals for sales, purchases, nominal transactions and even budget changes.
- Drag/drop related documents against a client, home, requisition or invoice with multiple OCR options.
- Template-driven pre-populated transactions to suit all level of data entry complexity and save repetitive data entry for busy users.
- Full data entry and data access controls to suit users, roles, departments or entities.
- Budgeting and Forecasting: Build budget and forecast models, from the ground up, by department and consolidate to provide a helicopter view for the entire organisation and easy reforecasting.
- Powerful reporting: Unlimited levels of dimensions/analysis for entity, home, service, resident, fund. No limitation upon the number of elements that can be reported on within the system. Any attribute in any field, within an unlimited number of possible reports, is available to present as management information in real-time. Start with a standard report and modify it or create your own from scratch. You can customise any enquiry and present as tables of data, including pivot tables. Our tree functionality relates data to your reporting hierarchy needs, and these relationships are all available within your reports and enquiries. All reports can be produced as PDFs and information can be exported in many formats, including Excel.
- SORP and SOFA reporting direct from the system.
- Transaction based SaaS licence options for requisition, expense or timesheet users on any device at any time – keeping costs to a minimum for clients with large staff numbers but low transaction numbers.
- Seamless integration with third party service providers eg payroll, other billing systems. iplicit’s public API enables seamless connectivity to provide one version of the truth, in real-time.
Other Product Details
Preferred Customer Size (users): 1-100;101-250;251-500
Preferred Organisation Size: Medium, Large/National, Multi-site
Hardware Compatibility: Desktop; Handheld Device Native App; Handheld Device access eg. mobile rendering
Pricing: Price per site
Customer Support: Mon-Fri 9-5
Company Location: UK Based
