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EMPOWER YOUR FINANCE DEPARTMENT

Finance and Procurement

Streamline accuracy, efficiency, and transparency across all financial processes and reporting

FINANCIAL MANAGEMENT & PROCUREMENT

Eliminate headaches and bottlenecks

Increase efficiency by automating processes and data sharing across all of your accounting, budgeting, purchasing and approval workflows.

Regain control and visibility

Provide your finance team with easy-to-use tracking and reporting tools, while encouraging staff accountability through tailored access to budget information and rules-based workflows.

Make data-driven decisions

Remove the guesswork from forecasting and planning with accurate, real-time data and complex reporting at your fingertips.

“With our new system, transactional data is easy to read, budgets are easier to monitor, and users’ understanding of financial data is increasing across the organization.” — Shesh Maharaj, CFO/Superintendent of Corporate Services and Treasurer, Waterloo Catholic District School Board

FINANCIAL MANAGEMENT

General ledger

Define account sets and controls for multiple G/L accounts and validate up to eight dimensions, plus track budget, actuals, commitments and available funds directly in the chart of accounts. Streamline processes with approval workflows for general and recurring journal transactions

Cash management

Quickly and accurately forecast cash flow and liquidity, reconcile bank accounts, and batch process receipts. Supports EFT formats for all major Canadian banks.

Budget management

Adjust and monitor as many budgets as you need, with real-time and forecasting insights to prevent end-of-year surprises, and sophisticated budget checking email approvals. Fully integrate budget commitments with purchase orders.

Accounts payable

Simplify payment with vendor management with streamlined purchase invoicing, EFT, reminders, and expense claim processing.

Accounts receivable

Expedite customer management and sales invoicing through custom attributes and analysis, and separately post in G/L each line of invoices.

Inventory management

Know exactly what you have in inventory by easily tracking item purchases. Apply requisitioning to consume inventory in-house and charge the item against specific dimensions.

Purchasing

Achieve end-to-end visibility from purchase order to payment, with requisition approval workflows and automated orders based on business rules.

Asset management

Set up and integrate assets with purchasing, accounts payable and receivable, and GL to track purchase, maintenance and depreciation.

Financial Analysis

Empower financial managers to make timely and proactive decisions by providing secure, real-time access to actuals versus budgets for specific departments, projects, or grants, with the ability to drill down to source data.

Expense Claims

Enable employees to easily enter expenses online, split lines between personal and business, and combine both credit card and out of pocket expenses on the same claim, with automated approval workflows.

Requisition Management

Provide employees with access to enter purchase requisitions or payment requests online and check against available budget in real time. Enforce purchasing policies through flexible approval workflows.

Project & Grant Accounting

Easily manage the status of capital projects and grants in real time, including budgets, commitments, requisitions, and actuals, all fully integrated with G/L, purchasing, accounts payable and reporting. Define multiple related contacts and funding sources with payment schedules.

Optional add-ons:

  • Budget planning
  • Advanced reporting
  • Business intelligence
  • Advanced document imaging
  • K12 Ministry Reporting

Case Study

SOLUTION FOR HUMAN SERVICES

Kenora District Services Board

“After investigating multiple solutions, we were impressed with the flexibility and knowledge of the Sparkrock team. Sparkrock's Finance solution met all our critical component requirements while providing the opportunity for future growth. Their knowledge of our industry and willingness to find solutions to our unique reporting needs made them the best choice for now and the future.”

– Corrine Owen, Director of Finance & Asset Management

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