Multiview ERP is an enterprise resource planning (ERP) software solution developed by Multiview Corporation.
Multiview ERP software mainly targets medium to large-sized businesses in various sectors such as healthcare, financial services, and nonprofits.
Multiview ERP is developed to incorporate multiple business processes such as financial reporting, budgeting, inventory management, project accounting, and purchase order processing functionalities into a single platform that improves operational efficiency and financial visibility.
It seamlessly integrates with other software such as MS Excel, Salesforce, Office 365, and others, which increases efficiency through automated routine tasks and real-time data reporting.
Multiview ERP software is versatile and offers both cloud-based and hybrid deployment options which enhances its accessibility and usability across different business environments.
Functions of Multiview ERP
Multiview ERP is used to integrate various business processes into a single platform, which allows organizations to simplify their operations and improve efficiency.
Multiview ERP software is used for:
Financial Reporting and Budgeting: This software provides real-time financial visibility and accurate reporting, which aids in informed decision-making.
Inventory Management: It helps users manage stock levels effectively by minimizing the risk of stockouts and improving order fulfillment
Project Accounting: It facilitates the financial management of projects by ensuring profitability and accurate tracking of project costs
Purchase Order Processing: Multiview ERP enhances the accuracy of purchase orders and improves supplier relationship management
Workflow Automation: The software automates routine tasks that reduces manual data entry and the potential for errors that save users’ time and resources
Key Strengths and Business Benefits Of Multiview
Key Strengths of Multiview ERP
Business Benefits
Secure and Flexible
It allows access to the users from any device with an internet connection that supports remote work and a wider talent pool. Along with flexibility, it also provides security to protect sensitive data by ensuring only authorized access
Scalability
Easily adjusts to business growth by modifying subscription packages without the need for extensive hardware changes.
User-Oriented Design
It focuses on user needs and skills by facilitating them with quicker adaptation and efficiency in using the system and simplifying the financial management projects for increased profitability.
Collaborative Approach
It lets users enable inputs from all the stakeholders to enhance system relevance and effectiveness.
Comprehensive Support and Inventory Management
It helps users enhance order fulfillment by avoiding out-of-stock situations, and it provides ongoing customer support that helps to resolve issues easily by ensuring minimal disruption to business operation.
Purchase Order Processing
Lowers the upfront costs compared to on-premise solutions, with potential tax deductions on subscription fees, and improves purchase order accuracy and supplier relationship management.
Enhanced Decision-Making
Provides a holistic view of business operations by aiding them in informed decision-making and strategic planning.
Multiview Customer Distribution by Company Size
Multiview ERP system has a wide customer base, primarily consisting of medium-sized companies.
The distribution of its customers by size is as follows:
Approximately 63% of Multiview’s customers fall into medium-sized companies with 50-1000 employees.
About 11% of the customer base represents large enterprises with more than 1000 employees.
A minor segment, with 1% of the users, is made up of small businesses.
Revenue Distribution
The distribution of revenue also reflects the distribution of the customer base.
36% of customers are categorized as small based on a revenue <$50M.
14% of customers fall into the medium based with revenue between $50M-$1000M.
Large enterprises with a revenue of >$1000M have 18% of Multiview’s customers.
Industry Segmentation
The multiview ERP system has a large customer base which is mainly found in the Nonprofit Organization Management and Financial Services sectors each accounting for about 9% of its total customer base.
Companies using Multiview include:
Various companies that use the Multiview ERP system and highlight its benefits for medium and large enterprises as well as some smaller organizations show customer distribution by company size.
Brooklyn Academy of Music (BAM) with 500-1000 employees, having revenue between $50M-$100M
Quantlab Financial with 50-200 employees with revenue between $50M-$100M
TEKsystems with over 10,000 employees has revenue between $200M-$1000M
Multiview ERP: Industry Application / Uses
Multiview ERP provides solutions across various industries such as healthcare, education, finance, nonprofits, and utilities.
Healthcare
Healthcare organizations face various challenges beyond just patient care, such as HIPAA compliance and electronic record-keeping. Multiview’s healthcare ERP software benefits the healthcare industry with clinical data that provides a seamless and accurate view of the organization’s health, growth, and needs.
It helps the healthcare industry in the following ways:
The ERP system ensures that patient data is managed securely and meets industry standards such as HIPPA compliance.
Multiview ERP can incorporate electronic health record (EHR) systems by facilitating seamless data flow across platforms. This interoperability is crucial for improving operational efficiency in healthcare settings.
The ERP system integrates various financial functions, lowering the complexity of managing multiple systems. This simplifies processes such as accounts payable and general ledger management by enabling healthcare providers to close their books faster before the month ends.
Multiview ERP has a strong reporting feature that helps healthcare organizations track financial performance, patient billing, and inventory management in real time. This visibility supports users’ informed decision-making and operational efficiency.
Education
In the education sector, multiview ERP is used to simplify financial operations and improve administrative effectiveness.
Educational institutions use multiview ERP to manage budgets more effectively, which allows institutions to allocate resources more effectively and plan more effectively.
The ERP helps users manage tuition billing, financial aid, and student accounts by ensuring that institutions can accurately track and report on student-related financial data.
Multiview ERP benefits educational organizations by providing complete reporting capabilities that help them meet regulatory requirements and provide insights into financial health.
Finance Services
Financial services companies require versatile software that can deliver real-time insights. Multiview Cloud ERP helps finance teams to make more informed decisions by providing accurate financial reports and helping to close the books before the month ends.
Multiview ERP supports various financial operations:
Multiview ERP helps companies to automate many accounting processes that reduce manual errors and increases efficiency in financial reporting.
The software has a feature that helps users overcome barriers to financial risk assessment and management by helping organizations to identify and mitigate potential financial risks.
Financial institutions can generate real-time financial reports with the help of an ERP system that provides better analysis of financial data and quicker decision-making.
Nonprofit Organization Management
Nonprofit organizations such as NGOs, foundations, and charities often need help with keeping financial records and using them to gain valuable insights. Multiview offers highly scalable cloud ERP software that provides nonprofits with real-time access to actionable data.
Multiview ERP offers features that serve to various Nonprofit operational needs:
The ERP system supports fund accounting, which helps nonprofit organizations track donations, grants, and expenditures accurately against specific programs or projects.
Multiview ERP software helps nonprofit organizations to manage grant applications and reporting more efficiently by ensuring compliance with funding requirements.
The ERP system provides better financial reporting capabilities which help nonprofit organizations provide transparency to stakeholders regarding financial health and resource allocation.
Utilities
Utility companies require strong business process management systems to handle infrastructure maintenance, compliance requirements, and business cycle fluctuations. Multiview Cloud ERP provides finance teams with instant access to useful data to make informed decisions and end month-ends.
Multiview ERP aids in managing complex financial operations:
Multiview ERP helps users track and manage physical assets by assisting utilities and ensuring the effective monitoring of maintenance and operational costs.
The ERP system improves cash flow and customer satisfaction through timely and accurate billing by simplifying the billing processes.
The ERP system helps Utilities to adhere to various regulations through detailed reporting and audit trails.
Products of Multiview ERP
General Ledger
The ERP system’s general ledger allows users to view the company’s financial performance data from any perspective from a single database.
It provides a full audit trail with electronic workflow approvals.
It helps users detect errors or issues easily and helps them to close the books before the month ends.
It offers multi-entity data with enterprise security and function management.
Users can self-balance the system for intercompany transactions.
Business Intelligence
Multiview ERP includes advanced business intelligence features that promote data analysis and reporting without IT.
It helps users create customized reports and perform multidimensional analysis of financial data.
This functionality helps organizations extract actionable insights from their data by enhancing decision-making processes and operational efficiency.
It provides graphical visualization capabilities.
Business intelligence offers accurate information in real time.
Accounts Payable
The Accounts Payable module allows users to automate the management of vendor invoices and payments.
It provides accurate tracking of payables, facilitates timely payments, and improves supplier relationship management.
The system allows real-time updates and financial visibility by easily integrating the General Ledger.
Accounts Receivable
It records both various cash payments and invoice-collected payments.
It tracks outstanding receivables by managing customer payments and generating reports on cash flow.
It makes integration with the General Ledger easy, which ensures accurate financial reporting and enhances cash management capabilities.
It helps users to manage documents that are fully integrated into the accounts receivable.
Fixed Assets
The Fixed Assets module helps organizations to manage their asset lifecycle, such as acquisition, depreciation, and disposal.
It integrates with the account payable module.
It allows users to automate general ledger entries, calculating depreciation, and generating reports of asset performance.
Budgeting and Forecasting
The budgeting and forecasting module enables organizations to make budgets and forecasts based on historical data and projected trends that helps users in financial planning.
It allows users to promote various financial outcomes and make informed decisions by supporting system analysis.
The integration with other financial modules enhances the accuracy of budgeting and forecasting processes.
Barcoding App
The Barcoding App merges with Multiview ERP to simplify inventory management and tracking.
It allows users to scan barcodes for quick updates on inventory levels by lowering manual data entry and errors.
This functionality enhances inventory accuracy and improves operational efficiency in materials management.
Materials Management
The materials management module provides tools for managing inventory and procurement processes.
It supports tracking of stock levels, order management, and supplier relationships.
It integrates with the General Ledger to provide accurate financial reporting related to inventory costs and procurement activities that enhances overall supply chain efficiency.
Pros and Cons of Multiview ERP
Pros
Multiview ERP is a user-friendly cloud based software that allows them to customize the system according to their specific workflows and processes. This ease of use contributes to a smoother implementation process.
The software offers rapid deployment capabilities by enabling organizations to quickly set up and configure the system, which can significantly lower the downtime during the transition.
Multiview ERP provides powerful features to manage complex financial operations, excelling in financial reporting, budgeting, and project accounting. This is beneficial for organizations that require detailed financial oversight.
The software provides a strong technical support feature that helps users troubleshoot or customize reports.
Multiview ERP eases the burden of system maintenance and updates from the user by allowing organizations to focus on their core operations.
This functionality allows users to quickly locate specific information within the system by enhancing data accessibility and usability.
Multiview ERP facilitates seamless data exchange and enhances overall operational efficiency by merging with various third-party applications.
Cons
While the software offers customizable reporting capabilities many users may need help in establishing custom reporting workflows.
The multiview ERP software’s model is perceived as inflexible for smaller companies or startups that may find the costs prohibitive.
Some users have reported a lack of advanced backend administrative functions and analytics which limits the software’s effectiveness in certain situations.
Many users have expressed frustration over not having a dedicated representative which leads to communication challenges during support interactions.
Users may face lack of a built-in cash flow report that complicates cash flow management.
Alternatives of Multiview ERP
There are various alternatives to Multiview ERP that fulfill various business needs.
Here are some of the top options:
Sage Intacct: Sage Intacct is acloud-based ERP solution that is known for its strong financial management features and is suitable for mid-sized businesses.
Oracle NetSuite: It is a cloud ERP system that offers a complete set of applications for financial management, CRM, and e-commerce.
Acumatica: It offers a flexible cloud-based ERP solution with strong project accounting and financial management capabilities.
TallyPrime: It is a popular choice for small to medium-sized businesses. TallyPrime is known for its simplicity and effectiveness in managing accounting and billing.
Vyapar: An economical solution that simplifies billing and accounting tasks by making it ideal for small businesses.
AlignBooks: Provides features for billing and accounting with a focus on ease of use and accessibility.
Millbrook: This software offers a user-friendly interface for managing billing and accounting and is particularly used by small businesses.
QuickBooks: QuickBooks is a well-known accounting software that provides ERP capabilities that are suitable for small- to medium-sized enterprises.
Zoho Books: Zoho books is acloud-based accounting software that integrates well with other Zoho applications by making it suitable for small businesses.
