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Archimedes Business Solution

by Shriv ComMedia Solutions · Since 2001
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ActiveAvailable globallyCloud
Quick facts
VendorShriv ComMedia Solutions
Year launched2001
StatusActive
Location19925 Stevens Creek Blvd, Cupertino, California 95014, US
Countries servedGlobal
Languages10
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About Archimedes Business Solution

Archimedes Business Solution is a business management software from Shriv ComMedia Solutions designed to support various organizational processes. It provides features such as project management, financial monitoring, and resource allocation so that businesses can effectively track and manage their operations. The software is equipped with advanced reporting tools to provide insights into performance metrics and trends. Additionally, it allows for customizable workflows to align with specific business requirements. Key capabilities: project management financial tracking resource allocation reporting tools customizable workflows Best for: businesses that need comprehensive management solutions to simplify their operational processes.

Pros & Cons

Pros
  • Comprehensive range of accounting and financial management features.
  • User-friendly interface with customizable dashboards.
  • Scalable and flexible to accommodate business growth.
  • Multi-currency support and advanced analytics.
  • Competitive pricing and good value for money.
Cons
  • The learning curve may be steep for users new to accounting software.
  • Limited mobile access compared to some modern solutions.
  • Customization options may require additional support for complex requirements.

Features

Key features

Comprehensive Accounting Functions

Offers extensive accounting features including general ledger, accounts payable, accounts receivable, and financial reporting.

Customizable Financial Reports

Allows users to generate tailored financial statements and reports to meet specific business needs.

Multi-Currency Support

Handles transactions in multiple currencies, which is crucial for businesses operating internationally.

Inventory Management

Provides tools for managing inventory levels, tracking stock movements, and handling inventory valuation.

Advanced Analytics

Includes robust analytical tools for financial analysis and forecasting.

Integrated Payroll Management

Facilitates payroll processing with features for calculating salaries, managing deductions, and generating payroll reports.

User Access Control

Offers customizable user roles and permissions to ensure data security and manage user access efficiently.

Client and Vendor Management

Manages client and vendor information, including contact details, transaction history, and payment tracking.

Automated Invoicing

Generates and sends invoices automatically, streamlining the billing process and improving cash flow management.

Document Management

Provides functionalities for storing and managing financial documents and records digitally.

Regulatory Compliance

Ensures compliance with various financial regulations and standards relevant to different industries.

Scalability

Designed to scale with business growth, accommodating increased data volumes and additional users.

Multi-Language Support

Offers support for multiple languages, making it accessible to a global audience.

Cloud-Based Access

Allows for remote access to the software, providing flexibility for users to manage finances from anywhere.

Additional features

General Ledger
The central repository for all financial transactions, tracking and summarizing every account in the company's financial system. It ensures accurate record-keeping and reporting.
Accounts Payable
Manages the company’s obligations to suppliers and creditors, including invoice processing, payment scheduling, and tracking outstanding liabilities.
Accounts Receivable
Oversees money owed by customers, including invoice generation, payment collection, and aging reports to monitor outstanding receivables.
Fixed Assets Management
Tracks and manages the company’s long-term assets, including acquisition, depreciation, and disposal. It helps in maintaining accurate records and ensuring proper asset valuation.
Bank Reconciliation
Compares the company’s bank statements with its internal records to ensure accuracy, identifying discrepancies and ensuring all transactions are accounted for.
Financial Reporting
Profit and Loss Statements
Provides a summary of the company’s revenues, costs, and expenses over a specific period, showing the net profit or loss.
Balance Sheets
Offers a snapshot of the company’s assets, liabilities, and equity at a particular point in time, helping assess financial health.
Cash Flow Statements
Shows the inflow and outflow of cash, indicating the company’s liquidity and its ability to meet short-term obligations.
Customizable Report Templates
Allows users to create and modify reports according to specific needs and preferences, enhancing flexibility and relevance of financial data.
Inventory Management
Stock Tracking
Monitors inventory levels in real-time, helping manage stock efficiently and avoid shortages or overstocking.
Inventory Valuation
Calculates the value of inventory using methods such as FIFO (First-In-First-Out) or LIFO (Last-In-First-Out), impacting financial statements and profitability.
Purchase Order Management
Manages the ordering process, from generating purchase orders to tracking order fulfillment and inventory receipt.
Supplier Management
Oversees relationships with suppliers, including performance tracking, contract management, and communication to ensure reliable sourcing.
Payroll Management
Salary Processing
Automates the calculation and disbursement of employee salaries, ensuring timely and accurate payroll processing.
Tax Calculations
Calculates and withholds taxes from employee salaries, ensuring compliance with tax regulations and accurate reporting.
Benefits and Deductions
Manages employee benefits and deductions, including health insurance, retirement contributions, and other withholdings.
Payroll Reporting
Generates reports related to payroll, such as summaries of payroll expenses, tax withholdings, and benefit contributions.
Customer and Vendor Management
Client Profiles
Maintains detailed records of customer information, including contact details, transaction history, and communication logs.
Vendor Profiles
Stores information about suppliers and service providers, including contact information, performance metrics, and payment terms.
Transaction History
Tracks all transactions with clients and vendors, providing a complete record of financial interactions and helping in dispute resolution.
Payment Tracking
Monitors payments to and from clients and vendors, ensuring timely and accurate transactions and managing outstanding balances.
Invoicing and Billing
Automated Invoice Generation
Automatically creates and sends invoices based on predefined criteria, reducing manual effort and minimizing errors.
Invoice Customization
Allows modification of invoice templates to include specific branding, terms, and details relevant to the business.
Payment Reminders
Sends automated reminders to clients about overdue invoices, improving collection efficiency and reducing late payments.
Recurring Billing
Manages subscription-based or regular billing arrangements, automating charges for services or products provided on a recurring basis.
Document and Data Management
Digital Document Storage
Provides secure, cloud-based storage for financial documents, ensuring easy access and organization.
Document Retrieval
Facilitates quick and efficient searching and retrieval of stored documents, improving productivity and reducing time spent on manual searches.
Data Backup and Recovery
Ensures regular backups of critical financial data and provides recovery options in case of data loss or system failure.
Audit Trails
Tracks changes and access to financial data, providing a record for compliance and auditing purposes.
Regulatory Compliance
Tax Compliance
Ensures adherence to tax regulations, including accurate reporting and timely filing of tax returns.
Financial Reporting Standards
Adheres to established financial reporting standards such as GAAP or IFRS, ensuring accuracy and consistency in financial statements.
Industry-Specific Regulations
Complies with regulations specific to the industry, addressing unique legal and regulatory requirements.
Analytics and Forecasting
Financial Analysis Tools
Provides tools for analyzing financial data, identifying trends, and making informed business decisions.
Budgeting and Forecasting
Assists in creating budgets and financial forecasts, helping to plan and predict future financial performance.
Trend Analysis
Analyzes historical data to identify trends and patterns, aiding in strategic planning and decision-making.
User Management and Security
Role-Based Access Control
Manages user permissions based on roles, ensuring that individuals have access only to the information and functions necessary for their roles.
Data Encryption
Protects sensitive financial data through encryption, ensuring confidentiality and security.
User Activity Logs
Tracks user activities within the system, providing an audit trail for security and compliance monitoring.
Integration Capabilities
Integration with Banking Systems
Connects with banking systems to streamline transactions, reconcile accounts, and manage payments.
Compatibility with Other Business Applications
Ensures seamless integration with other software used by the business, enhancing overall system efficiency.
API Support for Custom Integrations
Provides APIs for integrating with custom applications and systems, allowing for tailored functionality and connectivity.
Cloud Features
Remote Access
Allows users to access the system from anywhere, improving flexibility and enabling remote work.
Cloud Data Storage
Utilizes cloud-based storage solutions for secure and scalable data management.
Multi-Device Compatibility
Ensures the system is accessible from various devices, including desktops, tablets, and smartphones.
Multi-Currency and Multi-Language Support
Currency Conversion
Supports multiple currencies, allowing for international transactions and reporting.
Language Preferences
Provides options for different languages, accommodating users from various regions and improving accessibility.
Scalability
Expansion Capabilities
Supports the growth of the business by accommodating increased data and user demands.
Support for Growing Data Needs
Ensures the system can handle larger volumes of data as the business expands, maintaining performance and efficiency.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
15
Billing currencies

Interface languages

EnglishSpanishFrenchItalianGermanPortugueseDutchRussianJapaneseChinese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇨🇦CAD🇦🇺AUD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇦🇪AED🇸🇬SGD🇰🇷KRW🇭🇰HKD🇿🇦ZAR🇧🇷BRL

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