2012 Review of CYMA 13: Financial Management System
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The program offers live and after-the-fact payroll processing and compliance via separate modules, which include direct deposit (with multiple employee accounts), any number of employee pre and post tax deductions, third party payments, unemployment insurance and accruals management. State and federal tax and withholding rates are included with annual pricing and are updated quarterly. Wage and information reporting options for federal and all states are included, including generation of W-2s and 1099s, and the 940 series.
CYMA’s bank reconciliation module offers an integrated register with more than 100 customizable data fields, and tools for checking and clearing transactions individually, by date, check number ranges, deposits or credits. The module can support any number of companies and subsidiary divisions posting to single GLs, and any number of accounts, records or contacts. Reconciliation features also include import of bank statements from common institution formats. New in the latest version is an After-The-Fact Quick Transactions dialog for quickly clearing a variety of transactions in the same grid, including journal entries, disbursements, electronic payments and receipts.
The CYMA AP module includes invoice processing and cash processing tools, with check writing functions that include an option MICR printing option that enables printing to plain or preformatted check stock. The system can manage multiple accounts per client, and offers logo and electronic signature printing. Users can also attach documents, images and other fillies to transaction records (such as invoices or warranties). Outgoing EFT payments can also be supported.
Reporting & Financial Statements: 4.75 Stars
In addition to the payroll compliance reporting mentioned previously, the program offers well over 100 pre-built reports, including full financial sets that offer live dynamic synching with the program and drill-down functions when viewed on-screen. Reports can be customized with a built-in report writer, or saved to Word, Excel and Crystal Reports for more extensive modification. The system can also save reports to PDF, HTML and XML.
Additional output options in the AR module offer multiple invoicing and client communication templates. Users can attach digital documents to files, create recurring invoices, or email invoices and statements to clients directly from the program.
Import/Export/Integration: 4.5 Stars
Although module based, each of the modules saves data to a singular database and each integrates with the others via the core System Manager. The program can import data from CSV and Excel formats, which enables import from most time clock and payroll systems. It can export data to CSV, XML, Word, HTML, PDF and text formats, allowing for import into most tax systems.
CYMA also offers direct data integration into the TaxWorks professional tax program. The program offers employee self service through an optional module, which can be used for payroll and HR management, but the program does not offer client collaboration portals or online sharing tools.
Help & Support: 4.5 Stars
CYMA has generally traditional built-in help functions, including a utility, right-click menu options, task-sensitive help, a built-in reference manual and links to the company’s website. The program’s online support site includes tutorials, a knowledgebase, update center and links to companies that CYMA partners with. Live technical support is free only during initial implementation, after which it is offered for a fee on a per-use or subscription basis. The company has added an Online Learning Center with web-based classes and training resources, available to those with Software Maintenance Program subscriptions.
Summary & Pricing
CYMA 13: Financial Management System and its core write-up focused modules (GL, AR, AP, A-T-F Payroll, Reconciliation) provide strong financial management and streamlined GL and journal tools that can be used to easily handle multiple client businesses, including consolidated and multi-divisional enterprises. System pricing is module-based.
