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How can Financials reduce pressures on healthcare organisations?

24/07/2024 minute read Health and Care

In today's fast-paced healthcare landscape, finance departments within healthcare organisations are crucial for ensuring operational efficiency. These departments handle a wide range of tasks, including document processing, timely invoice payments, and financial reporting. However, they often face challenges such as being overburdened with repetitive processes and constantly searching for information.

Financials by OneAdvanced has been designed to ease the financial strain facing healthcare organisations. By empowering finance teams with comprehensive financial management tools, Financials streamlines accounting processes to enhance accuracy and efficiency. The solution provides finance teams with a number of benefits, including:

Real-time reporting and dashboards

Allowing your finance team access to real time reports and dashboards makes their work easier, as they don’t have to go searching for up-to-date information and ensures more accurate outcomes.

Robust in-depth financial analysis

Our solution provides rich, robust financial management functionality in a simplified and streamlined platform. Financials empowers teams to precisely oversee all accounting aspects through a versatile general ledger, accounts payable and receivable, bank reconciliation, and more.

Automatic updates

Financials is a Cloud based solution so your team will no longer need to manually update their finance system. With automatic updates you can be sure your system is always functioning at its best and within the latest updates. This means your software is future proofed and will grow with your organisation.

Composable UI

A composable user interface allows users to customise the platform to meet their specific needs and preferences. This saves time by allowing users to select and assemble the specific components they use the most.  With this interface key functions are easily accessible from the homepage, eliminating the need to navigate through multiple screens, saving your people time and increasing their efficiency.

Secure access

Security is a paramount concern for any organisation, but especially for healthcare organisations who deal with sensitive data every day. Financials ensures robust protection through Single Sign-On and Multifactor Authentication, safeguarding sensitive financial information from unauthorised access.

Built by experts

Financials was designed by finance people, for finance people, meaning it is built to resolve the most critical concerns within the sector. It has grown over 30 years and continues to be on the cutting edge of technology in finance. Accounting experts lead our product development, ensuring it is always up to date with legislative and market changes.

As a whole these features result in a significant time saving and efficiency increase for busy healthcare finance teams, enabling them to focus on strategic activities rather than being mired in routine tasks. Financials transcends being just a finance tool; it is a comprehensive solution tailored to streamline and enhance financial operations within healthcare organisations.

To find out more and reach out to a member of our team, check out our Financials home page today.