PSL Datatrack has five main areas for financial control. These are Invoicing, Credit Notes, Purchase Invoicing, Job Costing and Multi-Currency. Financial functions such as valuing the outstanding order book and stock valuations are also available.
PSL Datatrack enables invoicing of delivered items to be produced quickly and easily using information from deliveries and works orders.
Read more: Invoicing & Credit Notes
Accurate costing and review is vital to the profitability of any company. The PSL Datatrack Job Costing module, installed alongside purchasing modules and SFDC enables management to review all financial aspects of a job - process, material, sub-contract, tooling, etc.
Read more: Job Costing
The Purchase Invoicing module provides the ability to reconcile and validate supplier invoices to ensure that payments are made for goods at the correct price and in the correct quantities.
Read more: Purchase Invoicing
PSL Datatrack is able to run with any currency as its base (usually sterling) with all other currencies dealt with as foreign and managed with an exchange rate.
Read more: Multi-Currency
"We knew simply recording and storing customer and production information on the company iPad would not be sufficient. We were already missing some jobs or sometimes not invoicing correctly. So, bearing in mind all the likely combinations of orders for different components, quantities and materials that an increased customer base was likely to bring, things had to change."
Adam Green, G23 Engineering Limited
"PSL Datatrack delivers accurate information quickly. I can have a customer on the phone and in a few clicks, can solve his problem or mine."
Roger Innes, INRO LLP
"PSL Datatrack is making Hydrafeed more efficient, competitive and professional. We are in a position to win more engineering sub-contract work and continue to expand our barfeed operation, confident in the knowledge that PSL Datatrack will allow us to cope as it can be adapted easily to new requirements."
Martyn Page, Hydrafeed Limited
"PSL Datatrack enabled us to implement changes to our invoicing methods efficiently - as when we introduced multi-currency invoicing including the US$ and the €uro."
Barry Kirkpatrick, Demand Technology International Ltd
"'Status boards' improved employee awareness enormously and resulted in an improved overall performance. Now everyone is operating more effectively."
Nick Groom, MD, Qualiturn Products Ltd
"We bought PSL Datatrack in anticipation of starting the process of becoming ISO 9001 registered to help us get better organised. Within six months of having Datatrack installed we had approval with zero non compliances. Our auditor was impressed with how quickly and easily everything flowed from one module to another."
Russell Thackray, Bernard Holmes Precision Ltd
"Datatrack is an integral part of our operations at Technoset Ltd. It supports our business in many facets and is particularly strong with traceability which is very important to Technoset and their customers."
Kevan Kane, Technoset Ltd
"PSL Datatrack is a very customer focused supplier and always helps us to look at our own operation to improve what we do for our customers. We have close control and management of what is now a much larger business. We wouldn't be where we are without PSL Datatrack, support from experts who understand what we are trying to achieve."
Richard Trevail, DP Engineering
"PSL Datatrack helps to bring the whole operation together in an accessible, easy to use system that has provided the foundation for our continued success."
Julie Fairclough, Fylde CNC Specialists Ltd
"First and foremost, we are a product manufacturer and PSL Datatrack was already proven as a highly efficient system, being used extensively in a number of complex engineering businesses and batch assembly operations similar to our own."
Nick Wilson, ANR Manufacturing Ltd
"We didn't need to buy all the modules from day one, since the system could progress at a pace to suit the business."
David Proctor, DP Engineering
"We liked the way PSL Datatrack could be tailored to our specific needs from the beginning and also gave us the option to expand into different modules as and when we wished. The way the system flows and the control and traceability we have over our work is now second to none."
Lewis Lockwood, RDL Technologies Ltd
"The combination of system flexibility and the day to day support we receive from PSL is excellent, helping us to maximise our investments – not just in PSL Datatrack, but also in the performance of our machine tools and production systems."
Delan Loughney, Killala Precision Components Ltd
"Maintaining control of non-productive but vital admin functions is paramount. We could not maintain control without Datatrack."
Pete Wells, Applied Drilling Systems Ltd
"Our PSL Datatrack system ensures our deliveries match our promises and the traceability of materials and documentation gives our customers absolute peace of mind."
Ken Turner, Turner Precision Engineering (Aus) Pty Ltd
"The administration behind the manufacturing of a wide variety of engineered plastics parts in many different batch sizes for many different customers would have been impossible without PSL Datatrack."
Jonathan Newis, Plastic Turned Parts
"Key to success within the sub-contract industry is making components to the correct quality at the right time and a competitive price. PSL Datatrack has been, and continues to be, key in helping Qualiturn successfully manage these challenges."
Nick Groom, Qualiturn Products Ltd
"Datatrack has been essential to us and we'll continue to use it as an important element of improving our operations still further in the future."
Phil Merison, Machining Technology (Mach-Tech) Ltd
"PSL Datatrack continually develops new functionality for the software and good on-site support has been provided during the planning and implementation of training & new modules. I am very happy with the system and the huge amount of change we have implemented in the company over the past year which has been highly successful without any issues."
Roger Williams, Seychell Engineering & Fabrication Ltd
"We can now retrieve any information at the push of a button. To be honest, it is difficult to see how we managed before we had Datatrack."
Phil Smith, Wealdpark Ltd
"We are happy with PSL Datatrack and would recommend it to other SMEs. The initial hard work has paid off and we are now a tighter more efficient unit. PSL Datatrack have been absolute rocks in terms of the support they have given us."
Paul McCann, Bluebell Opticom Ltd
"I have seen PSL Datatrack work highly effectively for a multi million pound turnover company with 60 employees and a far larger customer base than mine at present. I therefore know that the system will grow with me right into the future, taking care of the administration whilst I focus on the engineering and providing the best service to customers."
Howard Sheldon, Sheldon Precision Engineering Ltd
"We often get price break requests on the same part and before PSL Datatrack, these used to sit idle awaiting the effort required to work them out. The module has saved us a lot of time, and I’m confident we are winning more work because we are simply quoting more."
Yian Stavrou, Sub-CNC Precision Ltd
"We have put our faith in the professionalism of PSL Datatrack and it is really paying off. I don't have to run or write the software anymore and can focus my time on the important management of our processes. Now we have the PSL Datatrack system, the benefits are immeasurable."
Martin Presley, Williams & Oakey Engineering Co Ltd
"I see us working with PSL Datatrack for many years to come. We have worked together for a long time and the way PSL Datatrack is set up ensures smooth and rapid progress of orders going through both our businesses. PSL Datatrack always supplies excellent service and back-up."
Sarah Pennock, Daro Products Limited
"We are aiming to expand the business and will invest in new machining technology. But just as importantly, we know that the PSL Datatrack software can grow with us whether that means getting more of our staff to use it or whether it means investing step by step in more modules. It has been great for us so far and will help us to build even better customer relationships."
Alan Riley, Newtech High Speed Turning Ltd
"Accurate planning on a day-to-day basis and in particular for the longer term, is helped because decisions can be made against factual information."
Jason Nicholson, Unicut Precision Ltd
"PSL Datatrack has left me free to run the business rather than be involved in it. It can be readily adapted to meet customers’ differing requirements."
David McIlwain, Technoturn Ltd
"For me, the system we chose is right, and PSL have developed their systems in line with our development of our business. The software is flexible enough to be tailored to suit our changing needs. Communication between our companies is excellent and they have proved themselves to have a good understanding of our business."
Carl Baker, Brown & Holmes (Tamworth) Ltd
"PSL Datatrack has provided excellent training and the flexibility to address ND Precision Products’ specific requirements. Great reaction times to queries and ongoing support have resulted in a well nurtured relationship forming between our two companies."
Nick Squire, N D Precision Products
"Customer service with on-time deliveries, no rejects and repeat business remain the key factors. PSL Datatrack helps us to achieve these goals."
Stephen Weiss, Managing Director, Maylan Limited
"The facility to have accurate data, a complete component stock list, and a stream-lined delivery process was very appealing."
George Dingley, Sub-CNC Precision Ltd
"PSL Datatrack production control software provides us with precise, accurate and professional documentation and allows us to keep track of our production and exactly what’s happening at any time. Looking back, the investment couldn't have come sooner and really should have been made on day one."
Stuart Dunklin, Cutting Edge Precision Engineering Ltd
"We chose Datatrack as the software system to manage and bring together our production and administration systems. It's one of the best investments we have ever made."
John Clark, Chartway
"When we bought PSL Datatrack, we got a system that we could use quickly, does everything we ask of it and more and now we have our entire business at our fingertips."
Jason Nicholson, Unicut Precision Ltd
"We have slashed our admin times - orders are now processed in minutes rather than hours, even for complex aerospace contracts"
Rob Kendall, AIM Limited, Clevedon
08456 345931 – Sales & Admin
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Prospec Systems Limited
Lily Hill House, Lily Hill Road
Bracknell, Berkshire. RG12 2SJ
