Solutions | Financial Management System
Solution Details
The Financial Management System is one of the most important systems of the ERP Suite.
The financial system is tightly integrated with functionality for all departments and generates valuable financial reports such as Profitability Reports, Cost Center Analysis Reports, as well as Management Information Reports.
The strong financial component can ensure companies meet their financial reporting and tax requirements with a single accounting, banking and payment system. But that’s not all, managers can enhance financial performance with real-time information on their departments’ expenses and revenue contributions.
Our financial management system can help improve cash flow, lower costs, and increase profitability while maintaining more accurate, timely, and transparent financial reporting.
This module centralizes accounts & financial balances, supporting comprehensive business accounting, handles transaction posting, processing, summarization, and reporting, while maintaining an audit trail. It enables unit-specific & consolidated financial views for efficient monitoring & analysis.
Manages supplier bill payments, tracking owed amounts, due dates, & discounts. It integrates with customer service, purchasing, inventory, & manufacturing. The software supports policies, supplier data, payment controls, invoicing, journal entries, ledger posting, check processing, transactions, & reporting.
Monitors customer payments for a company, spanning sales order entry to payment posting. It aids in efficient money collection and supports policies, customer data, billing, credit management, payment processing, journal entries, ledger posting, multicurrency accounting, and reporting.
Fixed assets manage depreciation and other costs associated with tangible assets such as buildings, property, and equipment. The software should support the following functionality:
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