Achieve Clarity with Byond's Financial Tools
Effective financial management is crucial for the sustainability and growth of any business, including cemeteries and crematoria. Byond’s finance tools provide you with what you need to manage your financial operations.
Whether you’re handling daily transactions, managing endowment funds, or generating financial reports, Byond ensures that your financial records are in order, accurate, and easily accessible.
Efficient Invoicing and Integrated Payments
Without the right tools, managing invoices and payments can be time consuming. Byond’s Finance module streamlines these processes, ensuring that you can handle these tasks efficiently and with confidence.
- Seamless Invoicing: Generate and send invoices quickly, ensuring timely payments and reducing the risk of errors.
- Easier for Customers to Pay: The single-step payment process connects your customers’ preferred way of paying to your business. Take any type of payment, from anywhere, at any time of the day or night.
- Integrated Payments: Do away with manual payment processing. Seamlessly integrated with your management software. Reconcile your billing, payment, and banking transactions quickly and easily.
- Payment Tracking: Monitor and manage incoming payments easily, maintaining a clear view of your financial status .
- Installment Payments: Easy to set up and easy for customers to make payments.
Transaction Management
Easily view your transaction history in real-time without having to wait for merchant statements. Comprehensive reporting gives you a better view of your payments across the whole business.
- Receivables Management: Monitor deposits taken, amounts still owing on contracts and installment payments outstanding by funeral home or by end customer.
- Transaction Records: Maintain records of sales and direct inventory costs. Seamlessly integrate this data with with your ERP systems.
- Reconciliation Tools: Simplify the process of reconciling your accounts, helping you to identify discrepancies and maintain accurate records.
Batch Payments and Digital Documentation
Efficiently processing batch payments and maintaining digital records is vital for keeping funeral home partners informed and reducing administrative burdens.
- Batch Payment Processing: Process multiple payments simultaneously, saving time and reducing administrative workload.
- Digital Document Management: Store and organize all financial documents digitally, ensuring they are easily accessible and securely backed up.
- Audit Trail: Maintain a clear audit trail of all financial activities, providing transparency and compliance with regulatory requirements.
Comprehensive Endowment Fund Management
Managing endowment funds requires careful oversight and accurate record-keeping. Byond’s tools ensure that your endowment funds are managed effectively, providing confidence in your financial future.
- Endowment Fund Tracking: Monitor and manage your endowment funds to ensure that funds are properly distributed from the investment fund to the correct endowment account. Track endowment account balance to determine what services can be provided each year based on earnings, ensuring transparency and peace of mind.
- Reporting and Compliance: Generate reports that meet third part audit requirements, ensuring that your business remains compliant. Manage services that are provided so that capital is not diminished.
