For over 40 years we have been assisting our customers' finance teams with solutions that help them tackle the various challenges they face.
Orchard Financials is “powered by” OpenAccounts, the award winning financial management suite. It is an all-in-one finance solution which offers companies an effective way to complete financial processes in a flexible and scalable way. It has been designed to help Finance Directors provide effective processing, performance monitoring and reporting required at board level for key decision making. OpenAccounts offers a user-friendly interface and a single system for requisitioning, approvals and expenses.
It can also be fully integrated with our Orchard Housing and Orchard Asset solutions, as well as all major third-party Housing Management systems meaning we can work with any housing company. The Orchard Financials implementation team and Customer Service are what sets Orchard apart as they are comfortably the most experienced team in the sector.
Our OpenAccounts solution provides a range of standardised and fully customisable reports. These reports allow you to easily extract the information needed for internal, external and regulatory use, giving you the data and analysis needed for effective business planning.
For non-financial staff, OpenAccounts offers eBIS, a self-service platform which allows employees to submit expenses themselves. This helps eliminate paper forms which need to be filled out and re-keyed which massively helps to reduce the burden on your finance team. Offering a mobile app with photo-capture of receipts, easy expense entry on any device, split expenses claims and importing of credit card statements, it is perfect for modern housing companies where on-the-go working is becoming the norm.
As well as smart expense processing, non-financial staff can also self-manage a range of requests such as raising purchase orders, submitting sales invoices and managing suppliers (including new supplier requests). This can be done by logging into the online application from wherever they are working. This self-service approach really does help to create great efficiencies within any business.
In April 2019, new regulations came into place which meant that companies (above the £85,000 threshold) were required to keep digital records and submit VAT returns digitally. Making Tax Digital has been a priority for the Orchard Financials solution and we offer a Business Tax Portal so your organisation can fully comply with this new legislation.
Within the housing sector, Orchard are the leading supplier of OpenAccounts and in 2019 were awarded the Advanced OpenAccounts Business Partner of the year for an impressive 14th consecutive year. We regularly hold user groups with our OpenAccounts customers to gain insight from users to help shape our offering.
We needed a straightforward, easy to maintain system that would be simple to administer and would control costs. The team had a blue sky vision of what those objectives were. These objectives were ranked in importance and mapped to solutions in the market with OpenAccounts becoming a clear winner.”
invoices processed each year
core Finance users