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Financial

  • Smooth Invoicing Processes
  • Detailed Profitability Information
  • Multi-Currency Support

Unlock financial efficiency with PSL Datatrack’s suite of Financial modules. From streamlined invoicing to robust job costing, our financial features empower you to maintain tight control of your finances and make informed decisions for future business growth.

Invoicing & Credit Notes

Improved cash flow with accurate and timely invoicing

Ensure consistent and reliable cash flow with precise and prompt invoicing, minimising delays in payment cycles and providing financial stability to support ongoing business operations and growth.

Automatic creation and email of professional invoices

Enhance professionalism and efficiency in financial transactions by automatically generating and distributing professional invoices, reducing the administrative burden and ensuring timely delivery of accurate billing information to clients.

Fast and simple integration with accounts systems

Streamline financial management processes and improve data accuracy by seamlessly integrating invoicing and credit note functions with existing accounting systems, facilitating smooth and efficient transfer of financial data for comprehensive reporting and analysis.

Job Costing

Profitability information for every works order

Gain valuable insights into the financial performance of each works order, enabling informed decision-making and strategic planning to optimise profitability and resource allocation across projects.

Ensures a job is made more efficiently when it repeats

Enhance operational efficiency and cost-effectiveness with historical job costing data, identifying areas for improvement and implementing targeted strategies to streamline processes and reduce production time and costs for recurring jobs.

Ongoing monitoring and improvement with detailed reporting

Facilitate continuous improvement initiatives and performance optimisation through comprehensive reporting capabilities, allowing for detailed analysis of job costs, resource utilisation and production efficiency to identify trends, opportunities and areas for enhancement.

Purchase Invoicing

Accurate expense tracking with any queries flagged

Ensure meticulous control over procurement expenses with a system that automatically flags any discrepancies or queries, allowing for swift resolution and maintaining accurate financial records for enhanced transparency and compliance.

Supplier review and management simplified

Streamline supplier management processes by easily accessing and reviewing detailed purchase invoicing information, facilitating informed decision-making, negotiation and relationship management to optimise supplier partnerships and drive operational efficiency.

Fast and simple integration with accounts systems

Effortlessly integrate purchase invoicing data with existing accounting systems, eliminating manual data entry tasks and ensuring seamless financial workflows for improved efficiency and accuracy in financial reporting and analysis.

Multi-Currency

Financial management improved

Enhance financial management capabilities with support for multiple currencies, enabling accurate tracking and reporting of all financial transactions. This ensures compliance with international accounting standards and provides greater insight into financial performance across global operations.

Easy trading with customers or suppliers in any currency

Expand business opportunities and reach by seamlessly conducting transactions with customers or suppliers in various currencies, simplifying international trade processes and fostering stronger relationships with global partners through flexible and convenient currency handling.

Fast generation of all relevant documents in the correct currency

Efficiently produce invoices, purchase orders and other financial documents in the appropriate currency, eliminating the complexity of currency conversion and ensuring accuracy and consistency in financial documentation. The result is streamlined operations and enhanced customer and supplier satisfaction.

 

 

Hear from our customers

Will Randall believes the 40% year-on-year growth at Infinity CNC Ltd wouldn't have been possible without PSL Datatrack!

Case Studies

Features

Rated 5 stars by our clients on Google

  • 5 stars on Google

    We’ve had a great experience working with PSL Datatrack. Their production control software has been an invaluable tool in helping us manage our processes more efficiently and support our continued growth. The team has been friendly, professional, and always quick to help when needed. Highly recommended!

    Ieva Kapteine, Aegina Technologies Limited

  • 5 stars on Google

    PSL supply an excellent production control software solution which has been the backbone of our business. Great staff and professionally run.

     

     

    Simon Fisher, Machining Technology (Mach-Tech) Ltd

  • 5 stars on Google

    We have been customers of PSL Datatrack for over 25 years. The system has evolved with us over this time and we have had no issues and continue to use their software. I would have no hesitation in recommending Prospec Systems to anyone.

     

     

    Neven Kirkpatrick, Demand Technology International Limited

  • 5 stars on Google

    We have been customers of PSL Datatrack for over 15 years. The software is purpose-built for companies such as ourselves and allows production, despatch and accounts to work together seamlessly. PSL Datatrack is very user-friendly and easily picked up by our employees. We cannot fault their customer service as the friendly and helpful staff are always on the other side of the phone to help with any queries or technical difficulties.

    Georgia Lane, Wilco Manufacturing Limited

  • 5 stars on Google

    The platform has helped us improve efficiency in tasks like stock picking and quoting. Overall, PSL Datatrack has streamlined our processes and made our workflows much more effective. Would recommend!

    Lucy Bentley, Mach One Engineering Limited

  • 5 stars on Google

    In summary, PSL Datatrack is an outstanding solution for any organisation seeking an engineering user-friendly interface and the ability to manage their entire company under one roof. Its intuitive design and comprehensive control features make it a powerful tool that enhances both operational efficiency and data management. We highly recommend Datatrack for its superior functionality and exceptional ease of use.

     

    Harry Groom, INRO LLP

  • 5 stars on Google

    We could see the benefits that PSL would bring to us from just having the initial demonstration. Since installing the system and going live it has streamlined our whole order book processes from quotation through to invoice. The system is very easy to use and navigate, and information readily-available at the click of a button which also help with customer audits.

     

    Barry Herdman, Formagrind Limited

  • 5 stars on Google

    PSL Datatrack has improved our output considerably, with less errors.

     

     

     

    Martin Hall, M.H. Hall & Sons Limited

  • 5 stars on Google

    PSL is a fantastic system that helps us run our business smoothly. The customer service is second to none!

    Phillip Wiles, Miniature Manufacturing

  • 5 stars on Google

    PSL has been a key part of enabling RDL Technologies to grow and become a leading supplier in the UK for subcontract engineering. The efficiency and traceability from quotation through to invoicing is excellent. The flexible modular system means it can be adapted to suit your current requirements with the ability to grow and expand alongside your business. Geoff and his team are always available at the end of the phone to help with any queries, we would highly recommend PSL.

    Lewis Lockwood, R D L Technologies Limited

  • 5 stars on Google

    Great company to deal with. Caffyn Engineering Ltd would not be as successful or efficient as it is without PSL. PSL has allowed us to have full visibility over the business, keeping us at the front and sticking to our promises.

     

     

    Charlie Caffyn, Caffyn Engineering Ltd

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