Cloud accounting software provider Iplicit has launched a fully integrated stock control module – which aims to “help accounting and finance leaders to reduce manually intensive processes, decrease human error, streamline reporting, and improve inventory visibility”.
The UK-headquartered business has “ploughed 15 months of development time and invested over £1 million into its latest stock and inventory management software development”.
Launched in January 2019 by a team including the founders of finance solution Exchequer Software, Iplicit integrates with other cloud applications and provides users – from industries such as accountancy, not-for-profit, recruitment, education and wholesale distribution – with real-time reporting capabilities, automated data migration, rapid implementation, and a public API to break down data silos.
Iplicit’s product director, Brian Weaving, said: “Accounting and finance leaders are coming to us with an immediate need to eliminate the annoyances they’re experiencing with clunky, unfit-for-purpose software that can’t keep up with the pace of their growing businesses.
“A big part of that is the lack of seamless integration between accounting and stock systems – and this is leaving finance departments operating blindly because they’re unable to collate and report on critical figures with any kind of accuracy or speed.”
He added: “Combining these functions, our stock and inventory management feature generates a single version of the truth – resulting in slicker, real-time reporting of stock and increased costs management visibility. Armed with this data, finance leaders have the crucial additional time and clarity they need to pursue their growth ambitions.”
