Reduce total cost of ownership
A comprehensive finance management solution that drives value for money, without compromising on performance
Drive productive & flexible teams
Enhanced flexible working to suit your teams, with safe and secure access to the solution at any time, anyplace and on any device
Empower quicker, smarter decisions
Manage multiple business units and view data from across the organisation quickly, with real-time access to information
Is your current finance system costing you too much and lacking functionality?
When thinking about changing finance systems, affordability is understandably a primary consideration for housing providers. The face value cost of an on-premise solution may seem the more cost-effective option, but taking into account the total running costs of the solution, a cloud solution can offer value for money with no heavy investment in IT infrastructure.
It’s not just about the cost. The Regulator of Social Housing set out its view of the key challenges facing the social housing sector back in October 2022. Substantial financial pressure is one of the top challenges on the list. Under this pressure, the last things you want from your financial system is inflexible, difficulty of use or data falling into the wrong hands. You need accurate, single source of the truth information to drive decision-making.
Advanced Financials is a cloud-based Finance and Purchase to Pay solution with a modern look and feel, conducive for use by Finance and non-Finance people. Enabling you to manage multiple business units and view data across the company via powerful reporting, empowering you to make faster and smarter data-driven decisions.
All the OpenAccounts software capabilities and more
Combine all accounting system capabilities
Carry out all processes including Invoicing, General Ledger, Reporting, Accounts Receivable, Accounts payable, Cash Book/Bank Reconciliation, Fixed Assets, Budgeting, Purchase to Pay and more. Plus robust KPI dashboards provide graphical data in real-time, helping budget managers make timely and accurate decisions.
Business continuity
Ensure that you don’t lose any key business data with built-in disaster recovery and regular backups as standard. Upgrades, patches, and fixes are all done seamlessly in the background – removing the need for large-scale internal projects, additional investment, or downtime.
Secure hosting for hybrid working
Hosted in AWS, you benefit from the enhanced security that this brings which includes enterprise-level protection and encryption, and regular third-party compliance checks. You can allow your teams to be productive from anywhere, with secure access to data from various browsers and devices.
A worry-free, hassle-free finance management solution that makes sense
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Cost-effective
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Hassle-free
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Single source of the true
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Save time on daily tasks
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Superior security & business continuity
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Spend Management
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Scalable SaaS subscription plan
Cost-effective
Cost-effective
Offers all the capabilities of a high-performance accounting system, with the added benefit of being able to access real-time finance data anywhere, anytime via the web. Advanced Financials allows you to reduce heavy investments in hardware, networks, backup systems, security and support systems, space and human capital.
Hassle-free
Hassle-free
Easily scale your system in line with your organisational processes and growth plans, ensuring you are equipped to manage any future system or budget challenges. All upgrades, patches and fixes are all done seamlessly in the background – removing the need for large-scale internal projects, additional investment or downtime
Single source of the true
Single source of the true
Connect the entire organisation with one system, for easy and effective financial management and an instant holistic view of your performance. Turn data in your system into crucial information, and make data-driven decisions with a single source of the truth.
Save time on daily tasks
Save time on daily tasks
Simplify financial processes and optimise fast-track access to all the tools your team needs. Give non-finance users direct access to repeat processes and tasks to save time for finance team. Dashboards can be personalised to make it quicker and simpler to get to what’s important for you – whether you are a CFO, Accounts Payable team member of a non-finance user.
Superior security & business continuity
Superior security & business continuity
Empower your organisation with the highest level of security and superior protection of your data in the cloud from our UK-based tier 3 datacentre. We offer built-in disaster recovery and regular backups as standard to ensure 24/7 x 365 days a year of data security & business continuity.
Spend Management
Spend Management
Spend Management helps to manage your suppliers, the contracts with your suppliers and future procurements. From the process of engaging with the supplier market to evaluating supplier responses and deciding who to award the contract to (one or multiple parties) and then managing the contract for its lifetime. It gives your procurement team visibility over the suppliers’ performance in real time.
Scalable SaaS subscription plan
Scalable SaaS subscription plan
Our subscription basis means you can easily scale your system inline with your organisational processes and growth plans, ensuring you are equipped to manage any future system or budget challenges.
Make Advanced Financials your choice for assured accountability and compliance
MRI’s 20-year plus partnership with solution creators Advanced has earned us ‘Partner of the Year’ status for the last 15 years – recognition for the consistently excellent support, service and product knowledge our team delivers. As the leading supplier of OpenAccounts, a widely used finance solution in the sector, we are pleased to now offer a cloud-based solution that excels in functionality, performance and reliability.
Advanced Financials helps you achieve regulatory and compliance obligations, with your data held securely and accessible to your teams. Advanced Financials eliminates the need for downtime for upgrades, patches or fixes. And if you do need our team, we have +45 years experience in the sector, giving you the very best solution expertise, knowledge, and technical and account support.
Key facts
84
social housing clients served
25000
daily users
14%
in cost reduction reported by our customers
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Find out more about MRI’s range of technology solutions designed specifically for social housing providers.
