Our Technology

Our software integrates with the solutions from all the key finance and accounting suppliers such as Sage™, Advanced™, Infor™, Microsoft™ and many more. The strong relationships we have with our partners make it easy to work hand-in-hand with them to seamlessly integrate our solutions. Our team works side-by-side with organisations to enable the creation, storage, capture, authorisation, management and delivery of business documents.

"V1’s technology has considerably streamlined our purchase-to-pay processes. On average we are now able to process a purchase invoice up to ten minutes quicker than before, saving considerable time."

Shabir Ismail, Director of Finance

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"V1’s ability to track objects to a centralised back-end SQL database and highly customisable bar coding solution enabled us to set up a process extremely well suited to our needs."

Mike Rohwer, IT Manager

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"We looked at several solutions, but decided on V1 financial automation software because it was simple to use and intuitive for our staff."

Hazel Copeland, Chief Financial Officer

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Mandatory Upgrade to V1 BACS 6.3

V1 BACS R6.3 is an important release as it introduces full support for SHA-256 certificates & smartcards. These enhancements have been made in response to changes in the payments industry driven by BACS to improve security and removing support for SHA-1 encryption. Sponsoring Banks are currently issuing replacement smartcards which are SHA-2 compatible.

  • Support of SHA1 will end on 26th June 2020
  • Vocalink (the power behind BACS) want all customers to be using a SHA-2 enabled solution by 1 November 2019 - this means our customers need to be using V1 BACS 6.3 by 1st November 2019.

 

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News & Opinions

Automation – a transformational force for finance teams
Call for British businesses to boost technology adoption - faster

Call for British businesses to boost technology adoption - faster

“Systems supporting procurement and supply chain management, as well as finance and human resources, will be affected, with organisations turning to RPA and other automation technologies to respond quickly to Brexit changes,” according to Sarah Burnett, research vice-president at Everest Group.

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