Back to Features

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

Streamlined production, improved traceability, and loads of time savings – that’s what ADP Precision have achieved with PSL Datatrack!

Case Studies

Features

Rated 5 stars by our clients on Google

  • 5 stars on Google

    We have been using PSL Datatrack since 2014 and have gradually used its capabilities further and further within our company. Really nice team of people and great service!

     

     

    Tim Moss, M & M Turned Parts Limited

  • 5 stars on Google

    This product has changed our business for the better, I would recommend it to any business – big or small. After sales support is outstanding.

     

     

    Alan Riley, Newtech High Speed Turning Limited

  • 5 stars on Google

    We have been using PSL Datatrack since 2013. The system’s streamlined approach has played a massive part in our continuous growth.

     

     

    Matt Birley, Davturn Limited

  • 5 stars on Google

    PSL Datatrack easily integrates with existing systems and offers valuable customisation and reporting features. With excellent customer support, PSL Datatrack ensures smooth operations and continuous improvement. Highly recommended for any production facility looking to boost productivity and performance.

    Graeme McCoy, Springfort Precision Engineering Ltd

  • 5 stars on Google

    PSL has been essential for our growth as a business and it continues to play a vital role. The software is user-friendly and adaptable. The team is really responsive to any questions or help we may need. We would highly recommend.

     

     

    Adam Green, G23 Engineering Limited

  • 5 stars on Google

    We’ve recently worked with the team on lots of Status Boards and further visual management of the data in the system. It’s transforming how we do things. The support from the team has been amazing. They really understood our requirements and helped us get to a bespoke system perfect for everyday interactions.

    Thank you PSL. Look forward to working with you further.

    Adam Land, Technoset Limited

  • 5 stars on Google

    PSL has been an absolute asset to our company and its growth. They are a great company to work with and are always at hand to help when needed, from start-up to continued support. Highly recommend their system and company.

     

     

    Denise Dunderdale, K & M Precision Engineering Limited

  • 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

    I am the Managing Director of a subcontract engineering company called Northants Precision Ltd. PSL have been crucial in the success of my business. From day one I had PSL onboard and this allowed me to gain ISO 9001 accreditation within my first year of trading. Furthermore, Geoff and his team are always just a phone call away for any assistance or training we require. I really can’t recommend PSL Datatrack highly enough. The single most valuable investment I made for the business for sure.

    Dan Green, Northants Precision 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’ve been customers of PSL for over 5 years now and Datatrack has made a huge, positive difference to the way we work. Whereas before, we’d have Excel spreadsheets here, Word documents there and random pieces of paper everywhere, Datatrack has brought all this together and now everything works seamlessly. The team themselves are very quick to assist if we have any problems and I cannot fault their service.

     

    Mark Howlett, TK Fabrications

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.