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

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Features of Our Cloud Finance Solution

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

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

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

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

Receive payments via multiple methods, making transactions and accounting convenient for customers, suppliers and employees.

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

Get a complete view of every financial activity completed on various other integrated systems of your property for better decision making.

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

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

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

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

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

With customisable reporting features and report generation, FX Finance allows hospitality businesses to generate detailed financial reports tailored to their specific needs, facilitating better decision-making and financial analysis.

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

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

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

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

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

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.

Learn more about FX Finance

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Frequently Asked Questions

What is a hospitality finance and accounting solution?

Hospitality finance and accounting software is a tool designed to streamline financial management processes specific to the hospitality industry, including hotels, restaurants, banquet venues, wellness centres and leisure outlets.

What features does cloud finance software typically offer?

Common features include financial report generation, accounts payable and receivable management, payroll processing, expense tracking, and integration with other hospitality management systems.

How does cloud accounting software benefit businesses in the industry?

Cloud accounting software like FX Finance is designed to centralise financial tasks, improving accuracy, efficiency, and control over financial operations.

Can IDS Next’s hospitality finance and accounting software integrate with other systems?

Yes, many of our hospitality solutions, including FX Finance, come with integration capabilities with other systems. FX Finance integrates with IDS Next’s FX Front Office, FX POS, FX MMS, FX Sales and Catering, FortuneNext Banquets and Conferencing and FX Club Management System. It also integrates with other third-party systems that are already used within your property.

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