Thursday, July 7th, 2011 - VersaDev
South Australian company VersaDev has won the South Australian iAward for their software versaRECMAN in the Financial Industry Application category.

"It's a complete surprise and we are honoured to have won the iAward," Business Development Manager Timo Bishop stated. "It's always great to be acknowledged within the IT industry for software that is traditionally not seen as an innovative playing field."

versaRECMAN is an enterprise level Account Reconciliation solution used to reconcile account balances against outstanding amounts whilst simultaneously managing the entire process and its outcomes.

What it means for versaRECMAN customers like BHP, PowerCor, Queensland National and Queensland Rail is not only outstanding financial savings, but total compliance according to SOX Section 404. The requirement states that stringent procedures and requirements must be adhered to in order to prevent fraud.

versaRECMAN software facilitates:

• Average savings of 1.5M annually in personnel costs in most typical case-scenarios

• Reduction in completing bank reconciliations from 1 month to 3 days

• Automated 85% of bank reconciliations with 99.9% accuracy rate

“versaRECMAN does what SAP and other ERP software and accounting systems are not able to do by specialising in servicing the entire accounts reconciliation process,” Mr. Bishop said. “We thought it was just accountants who were excited about the software, so it is great to be recognised by our peers.”

Contact Profile

VersaDev


VersaDev is an innovative software company specializing in enterprise-wide mission-critical Microsoft .NET applications for small to large-sized businesses worldwide.

Our flagship product, versaSRS is HelpDesk/Service Desk/ITSM software that is built on cutting-edge Microsoft .NET, XML, and Web services technologies. versaSRS enables organisations to quickly and effectively deploy comprehensive Service, Incident, Configuration and Service Level Management processes with a minimum investment in infrastructure. In addition, versaSRS enables businesses to leverage off their existing investments in technologies such as Microsoft’s Windows, Internet Information Server and SQL.

VersaDev also provide custom software development for global enterprise clients with specific business needs in the areas of business process improvement, workflow and automation processes.

VersaDev’s Account Reconciliation Management Software, versaRECMAN, allows organisations to increase productivity, gain visibility and take full control over the core of their financial close process. versaRECMAN is an enterprise level Account Reconciliation solution used to reconcile account balances against outstanding amounts whilst simultaneously managing the entire process and its outcomes.

VersaDev’s customers range from small to large companies in manufacturing, computing services, agriculture, retail, health, government agencies, universities and professional firms of all kinds.


Timo Bishop
P: 0884631914
M: 0417833806
W: www.VersaDev.com

Keywords

financial software iaward winner south australia innovative sap

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