![FX-Finance](https://idsnext.com/wp-content/uploads/2024/03/FX-Finance.png)
Streamline the Accounting and Finance Operations of Your Business
FX Finance is a cloud solution that assists your accounting and finance staff with cutting-edge features for multi-property accounting in a single database, unit-wise reporting, transaction authorisation, report generation, and more.
With a cloud-based accounting solution for your hospitality business, you can streamline the accuracy and security of your financial activities across all outlets.
Enquiry / Request a Demo
Features of Our Cloud Finance Solution
![Centralised Financial Management](https://idsnext.com/wp-content/uploads/2024/06/Centralised-Financial-0DManagement.png)
Centralised Financial
Management
Manage finances across multiple properties under one system, view all accounting details on a single screen and manage interunit transfers.
![Accounts Receivable Payable](https://idsnext.com/wp-content/uploads/2024/06/Accounts-0DReceivable-Payable.png)
Accounts
Receivable/Payable
Stay up to date on all transactions. Streamline accounts receivable and payable by efficiently tracking payments coming from customers and payments made to vendors.
![Comprehensive Dashboard](https://idsnext.com/wp-content/uploads/2024/06/Comprehensive-0DDashboard.png)
Comprehensive
Dashboard
A single screen view that gives access to key financial metrics at a glance. Stay updated on all transactions of all properties belonging to a group.
![All Sales Transaction List](https://idsnext.com/wp-content/uploads/2024/06/All-Sales-0DTransaction-List.png)
All Sales
Transaction List
Get information related to credit and cash sales, including sales invoices, payment receipts from the customers and any debit notes, credit notes and more.
![Flexible Payment Handling](https://idsnext.com/wp-content/uploads/2024/06/Flexible-Payment-0DHandling0D.png)
Flexible Payment
Handling
Receive payments via multiple methods, making transactions and accounting convenient for customers, suppliers and employees.
![Report Generation](https://idsnext.com/wp-content/uploads/2024/06/Report-0DGeneration.png)
Report
Generation
Generate tailored reports for each requirement. Make it easier for your decision-makers to compare financial performance across outlets and time periods.
![Interface Posting](https://idsnext.com/wp-content/uploads/2024/06/Interface-0DPosting.png)
Interface
Posting
Get a complete view of every financial activity completed on various other integrated systems of your property for better decision making.
![Reconcile Bank Accounts](https://idsnext.com/wp-content/uploads/2024/06/Reconcile-0DBank-Accounts0D.png)
Reconcile
Bank Accounts
Carry out manual or automatic bank reconciliation and capture all information on depositing or withdrawing using the Contra Entry feature.
![Authorisation and Transaction Locking](https://idsnext.com/wp-content/uploads/2024/06/Authorisation-and-0DTransaction-Locking.png)
Authorisation and
Transaction Locking
Define authorisation rules for all operations, set rules for multiple authorisation levels and lock transactions for data security.
Making Accounting Easier with Cloud Financing
Finance and bookkeeping are often considered a complex and time-consuming process within hospitality businesses, especially if a brand manages multiple properties across multiple geographies.
Cloud accounting software offers a solution for these scaling businesses: digitalising processes and providing real-time access to financial information.
Cloud accounting tools allow hospitality businesses to ensure their financial records remain updated and accurate. This not only saves time previously dedicated to manual calculations but also empowers business owners to make more informed decisions based on data.
What are the Benefits of FX Finance?
![Enhanced accessibility](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-accessibility0D.png)
Enhanced accessibility
Let your decision-makers access financial data from anywhere with an internet connection. Cloud accounting allows for real-time monitoring and management of finances, accelerating decision-making for your business.
![Enhanced collaboration](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-collaboration-0D.png)
Enhanced collaboration
Enhance collaboration across departments by retrieving data from integrated systems, including IDS Next’s FX Front Office, FX POS, FX MMS, FX Sales and Catering, FortuneNext Banquets and Conferencing and FX Club Management System, and other third-party interfaces, including Opera.
![Data security](https://idsnext.com/wp-content/uploads/2024/06/Data-security0D.png)
Data Security
Committed to international and regional cybersecurity standards, including GDPR and PA-DSS certification, along with transaction authorisation rules, our solution helps you protect sensitive financial information from data loss and unauthorised access.
![Enhanced reporting](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-reporting-0D.png)
Enhanced reporting
![Saves time](https://idsnext.com/wp-content/uploads/2024/06/Saves-time0D.png)
Saves time
FX Finance facilitates data migration from third-party platforms, and as a result, enables you to save time on manual data entry, ensure swift task completion, and enhance your accounting operations with advanced features.
What are the Benefits of FX Finance?
![Enhanced accessibility](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-accessibility0D.png)
Enhanced accessibility
![Enhanced collaboration](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-collaboration-0D.png)
Enhanced collaboration
Enhance collaboration across departments by retrieving data from integrated systems, including IDS Next’s FX Front Office, FX POS, FX MMS, FX Sales and Catering, FortuneNext Banquets and Conferencing and FX Club Management System, and other third-party interfaces, including Opera.
![Data security](https://idsnext.com/wp-content/uploads/2024/06/Data-security0D.png)
Data Security
Committed to international and regional cybersecurity standards, including GDPR and PA-DSS certification, along with transaction authorisation rules, our solution helps you protect sensitive financial information from data loss and unauthorised access.
![Enhanced reporting](https://idsnext.com/wp-content/uploads/2024/06/Enhanced-reporting-0D.png)
Enhanced reporting
IDS Next’s FX KDS significantly reduces paper usage and wastage traditionally associated with printed kitchen tickets. By transitioning to a paperless system, establishments can contribute to environmental sustainability efforts by minimising their carbon footprint and reducing their paper trail.
![Saves time](https://idsnext.com/wp-content/uploads/2024/06/Saves-time0D.png)
Saves time
FX Finance facilitates data migration from third-party platforms, and as a result, enables you to save time on manual data entry, ensure swift task completion, and enhance your accounting operations with advanced features.
![down-arrow](https://idsnext.com/wp-content/uploads/2021/11/down-arrow.png)
Learn more about FX Finance
Frequently Asked Questions
What is a hospitality finance and accounting solution?
What features does cloud finance software typically offer?
How does cloud accounting software benefit businesses in the industry?
Can IDS Next’s hospitality finance and accounting software integrate with other systems?
Want to know how IDS Next products will benefit your property?