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2021 Gartner® Names Royal4 in Midmarket Context: ‘Magic Quadrant for WMS’

WISE – FINANCIAL SOFTWARE

Royal 4 Systems WISE – Financial Software, Developed by Financial Experts, for Accountants at Every Level.

Benefits:

  • WISE Stand-Alone or Integrated Financial Software, offers a full set of financial modules: GL, Financial Report Writer, AP, AR, FA, JC, & PY.
  • R4 gives you choices, with complete financial, distribution, manufacturing, planning, utilities, & report writer (Crystal Reports).
  • Complete Cloud-based solution or runs on any popular database platform, which includes AS400, UNIX, Oracle, SQL etc…


ROYAL 4’S WISE FINANCIAL SOFTWARE MODULE

The R4 financial software application is available as a fully Stand-Alone Product or integrated Enterprise Resource Planning system (ERP), part of a complete supply chain solution with WISE WMS, and Web based products. R4 gives you choices with complete financial, distribution, manufacturing, planning, utilities, and a report writer (Crystal Reports).

SECURITY & COMPLIANCE

At the base of the financial software, modules is a flexible security and internal control system that helps organizations meet critical compliance regulations.

FULLY INTEGRATED FINANCIALS SOFTWARE

This system fully integrates financial management with operations management & provides support for inventory controls, materials management, manufacturing, warehousing, & project accounting.

MULTI-ENTITY AND MULTI-CURRENCY

For manufacturers and distributors, R4 delivers a multi-entity, multi-currency and multi-lingual ERP.

R4 ADDS TO YOUR COMPETITIVE ADVANTAGE

R4’s enterprise resource planning systems incorporate financials that add to a company’s competitive advantage by streamlining financial processes and reducing costs, increasing the accuracy of financial data, and providing better oversight of expenses and cash flow. As a manufacturer or distributor, your needs are focused on individual customer requirements and the ability to respond to volatile customer demands with a variety of products in a very competitive environment. R4’s financial software suite (GL, AP, AR, FA, PY & Project Accounting), ensures that all these needs are met.

General Ledger

GENERAL LEDGER

The financial software’s General Ledger (GL) module has a multi-company, multi-entity, multi-currency, and multi-lingual capability. Besides a chart of accounts, R4 also offers a unique entity table that allows the definition of company codes, divisions, branches, cost centers, or in some cases, product lines.

Accounting periods can be defined as a calendar or fiscal period, depending on company policy; soft closing of month-ends permit 24 accounting periods to be left open before year-end processing is done. The R4 GL module is integrated with various financial, distribution, and manufacturing modules. Transactions created by these various modules generate journal entries that are interfaced to the General Ledger module. Additionally, excel uploads, regular, reversing, recurring, and automatic distribution journal entries are all possible within the GL module. The GL module also supports company designed financial statements, comparative actual versus budget statements with import and export functionality between spreadsheets and budget files. The system allows direct exports of financials to Microsoft’s Excel.

Account Payable

ACCOUNTS PAYABLE

Completely integrated with G/L, P/O, and Project Accounting modules, the R4 A/P module features extended capabilities such as voucher processing and management, vendor performance analysis, multiple-entity account distributions, parameter generated check runs, manual disbursements, hand-typed check recording, and debit/credit memo issuances. Also included is cost capture by project, reconciliation of cashed checks, outstanding checklist printing, daily cash analysis tools and 1099 data capture. Working in conjunction with the PO module, vouchers are generated after the three-way matching of PO, receiving, and vendor invoice processing is completed. The Accounts Payable module of R4 is designed to provide the management tools to help give you the maximum control over your payables. Cash analysis reporting provides management with the ability to track daily bank activity and maintain proper cash float levels. Effective reports such as voucher and check registers, AP Distribution, AP Aging, and AP Management Summary, support an accounting department’s efforts during month-end closings.
General Ledger

ACCOUNTS RECEIVABLE

Our financial software’s Accounts Receivable module (AR) is designed to provide management with the tools to effectively manage a company’s customer base. It is integrated with other financial and distribution modules and is responsible for accumulating billing and credit activity by customer. The AR module does charge-back recording and tracking, commission set-up and calculation, allowance and rebate management and creation of credit management parameters. Sales commissions are calculated as a percent of sales or gross profit, and considered earned and subject to payout at the time of A/R collections or at the end of the month following the sale. Daily and month-end reports such as sales and payment journals, AR Distribution, AR Aging, AR Management Summary, and Commission Reports, support an accounting department’s efforts during month-end closings.
Fixed Assets

FIXED ASSETS

R4’s Fixed Asset module (FA) integrates with the GL module to interface monthly book depreciation or amortization entries. The FA module was designed to calculate both book and tax depreciation. The FA module supports multiple depreciation methods (straight-line, DDB, DB, sum of the years, AMT, etc.) and multiple books (Internal, Federal, State, AMT). Effective reports reflect asset additions and retirements, depreciation taken monthly and YTD, depreciation projections for budgeting purposes, and net asset value reporting. In addition to fixed assets, prepaid expenses, long-term deferrals, or any intangible asset requiring monthly amortization can be maintained on the FA module.
Our financial software package is used by successful companies worldwide. See our reviews, contact us for more information.

International Intimates

“We wanted to ensure a smooth transition to the new system, so we began by focusing on outgoing orders first. Once that was up and running, we tackled inventory tracking and control. System implementation took 10 months from start to finish. We had absolutely no disruption in operations.”

Tire’s Warehouse

“We needed an automated WMS system to help us solve problems with our inventory control, performance levels within our warehouses, and space utilization issues in multiple locations. Royal 4 worked with our IT team to ensure a smooth integration with our Navision ERP system.”

Cherry Republic

“Being a food manufacturer operating on lean principles with complex distribution we required a tightly integrated system that would be able to scale out to all of our locations. We are happy with our decision I am pleased to endorse this fine organization to any company looking for supply chain services.”