Gold Core | Ultimate Solutions

Gold Core

Gold Core is a smart ERP solution that provides gold companies (from retailers to producers) with an integrated accounting system to help them drive growth, gain better financial control, and manage day-to-day accounting processes more easily and efficiently.

System Components

Our flexible Gold Core system is designed to help gold retailers, wholesalers, and manufacturers manage their business more efficiently. The system offers an integrated ERP solution with multiple modules and sub-systems, including:
• General Ledger: Record and track all of your financial data (including daily transactions, gold item weights, financial accounts, cash details, etc.)
• Inventory Management: Ensure optimal inventory control by monitoring, managing, and keeping track of your company's inventory details (including weights, sales, prices, etc.).
• Purchases: Record all new purchases (both wholesale and retail) and ensure they are automatically reflected in your inventory data.
• Sales: Record all new sales (both wholesale and retail) based on current market prices and workmanship costs.
• Assets: Have real-time updates of all asset details (including current condition, value, depreciation, etc.)
• HR Management: Ensure effective management of financial and human resources to achieve optimal business performance.
• Production Cost Management: This smart system integrates seamlessly with other Gold Core modules, giving you 360° visibility of all direct and indirect costs throughout the manufacturing process. The system is artfully designed to help gold companies manage their cost more efficiently.

Main Benefits:

• Ideal monitoring of gold items based on both weight and number.
• Generating automated, real-time updates of gold prices (per gram) based on the latest international prices, with complete flexibility to modify prices.
• Taking into account the different carats of gold.
• Classifying gold items into similar groups based on various criteria (such as carat, country of origin, manufacturer, etc.) for better inventory management.
• Ability to include images for each item in any transaction or process.
• Flexibility in dealing with full gold sets, allowing businesses to sell all or part of gold sets.
• Linking the decorative gems/stones (weight, type, etc.) to related items in both sales and purchases.
• Linking the details of gold packs (type, weight, etc.) to related items in both sales and purchases.
• Offering transfer discounts for purchases that are made in exchange for higher-carat items, while providing cash discounts for cash payments.
• Ability to handle non-gold items and materials (such as gems, stones, boxes, packs, wax, gypsum, tools, etc).
• Flexibility to estimate workmanship cost based on weight or piece, with the ability to set different selling prices for different customer types.
• Taking gold carat into account and recording differences.
• Generating serial numbers and barcodes for each gold item, showing the weight of the item.

Main Functions

• Managing and recording sales, purchases, and direct/indirect revenues for all types of gold items (manufactured and semi-manufactured), while taking into account weight and workmanship costs in different payment methods (cash payments, gold-for-gold transactions, or both).
• Managing, recording and documenting all financial details (including revenues, expenses, gold-cash reconciliations, supplies, transfers, and inventory receipts, etc.).
• Managing and analyzing the manufacturing process of gold items/bars,taking into account the weight and carat of each item, while recording differences.
• Managing and optimizing the manufacturing process (i.e. turning broken gold items into new jewelery pieces and vice versa).
• Having full control of gold-cutting processes by linking the cut-off pieces to their original item.
• Ensuring better management of exchange rates for each currency pair in direct/indirect selling and purchasing processes.

How do you benefit?

• Monitor day-to-day operations and track your gold stock (surpluses, deficits).
• Keep track of your inventory in real time (including item weight/number, sales, purchases, etc.).
• Manage workmanship-related cost, profits, losses, etc. more efficiently.
• Get better visibility and control of your gold stock, accounts payable, accounts receivable, and other payment details (including both suppliers and clients).
• Generate professional financial reports and balance sheets based on weight or cash (or both), while taking into account the type of carat and the local exchange rate (or both).

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