Why Global Address Book is a MAGIC SPOT for your Organisation.

To understand this module, you have to know that every contact registered in it called a party and each party has a party record and can have a party role or more than one.

Each party record includes name addresses, other contact information and record type which is “person or organization”.

Party Role can be one of the following (Prospect , Customer ,Worker ,Applicant, Competitor ,Contact…..) and any kind of role that deal with the company.

Sample of Business usage of GAB Module.

Having a planned and controlled GAB with full data of the organization’s parties can support in all fields of the business, for example having a good list of prospects can manage their connections and fasten the process of conversion to customers

Also all the online tax reports especially the indirect tax needs all your vendor's and customers data including their tax ID and registration, and many benefits will come from having a planned and controlled GAB.

And also, this Module can support disciplining with IAS-24 of international accounting standard of related parties transactions.

“If you speaks Arabic and need to know more about IAS-24 and other IFRS standards  visit Accounting Club YouTube Channel”

Your Organisation can have many address books even for the whole company or for a specific business line,and any new party created on an appropriate page of any module “Payable, Receivables …….” Will be created in the GAB and vice versa.