What is DCM 4.0 PE? The plan?
DCM 4.0 PE is a Billing, Accounting and Management Reporting
software for the Professional Services firms. The word “DCM”
stands for Debt and Cash Management.
The plan: to help all professional services firms manage
their debts and cash flow efficiently and effectively.
The word “Debt Management” simply means managing
your debts.
DCM 4.0 PE is a piece of debt management software because
it has incorporated the features necessary to assist you
in handling all your debts due. This means both debts due
from your clients and debts due to your payees. Most often
than not, we in business tend to concentrate on collecting
debts due from our clients that we tend to concentrate less
about managing our debts due to payees.
With the features available, DCM 4.0 PE helps you manage
your debts due in and due out effectively, this would inevitably
lead to sufficient income to maintain your business. However,
one would have to agree that there are many more factors
or issues that have to be taken care of in any business
to ensure proper growth of the business. This leads to the
word “Cash Management”, the second part of the
word.
Cash Management can be simply explained to mean managing
cash flow in your business. Unfortunately a lot of businesses
are not able to sustain despite having generated tremendous
sales revenue. This could be due to the inability to maintain
proper cash flow in the firm.
Recognising that managing cash flow is the key to sustaining
any business and also the hope for future expansion, we
have incorporated features into DCM 4.0 PE that will help
you to achieve just that.
Imagine this: with just a mouse click, you will be able
to:
Maintain accurate records of your bank account balances
Maintain records on funds used for investments (e.g. Fixed
Deposits)
Manage advance disbursements paid on behalf of clients
Generate billing for advance disbursements
Manage funds reimbursed by clients
Charge back to Client's account for advance disbursements
Keeping accurate records of all transactions involving client's
funds
Manage your Professional Fees that you billed your clients
Maintaining all these proper records are fine and good.
However, without keeping proper accounting records, you
will not be able to know the actual financial status of
your organization. Knowing the importance of these accounting
records, we have therefore included in DCM 4.0 PE the accounting
feature that will enable you to generate all the necessary
accounting transactions and financial statements relating
to the position of your business.
