Financial Management System
Financial Management System provides real-time fiscal information anywhere and on any device. When needed, we make it easy to communicate financial information to external partners. Our flexible accounting and finance tools can gather data and generate reports, improving insight, automation, and compliance within your organization providing you with in-depth visibility into your fiscal health. We help you develop extensive functionality that supports multiple locations, currencies, companies, and tax codes. We empower managers by streamlining business intelligence so they can achieve optimal performance.
Simplifies activities related to accounts payable and accounts receivable, removes cash flow issues, and improves cash management
Robust Reporting Capabilities
Includes built-in and customizable filters that can be applied as needed for quickly generating accurate financial reports
Financial Data Security
Provides multi-layer security to the stored information and provides access to authorized users to prevent security breaches
Manage All Your Financial Needs
An efficient way to manage financial information, monitor costs, measure revenues, and oversee other aspects of your accounting process.
General Ledger Accounting
General Ledger accounting sets up the Chart of Accounts, which will be utilized to prepare financial statements. Transactions that can be done directly in General Ledger Accounting include journal vouchers posted to adjust or correct transactions. Reversals can also be done from general ledger accounting. Balances in General Ledger accounts and trial balances extracted from the system can be displayed.
Accounts Receivables and Payables
Accounts Receivable captures all transactions with customers and manages customer accounts. Separate customer accounts are maintained, and when transactions are posted in customer accounts, reconciliation accounts in the general ledger are updated with the figures in real-time.
While Accounts Payable manages all of the funds your company owes to your vendors and other creditors, and integrates your Payable data with your purchasing system so you can take control of your cash flows.
These two appear to be very similar; however, Accounts Receivable allows your business to manage all of the funds customers owe them. Accounts Payable is to monitor what your business owes to the vendors. Both of these will track payments as well as manage invoices and cash.
Asset Accounting gives your organization better visibility in terms of utilization, costs, and maintenance. Keeping track of the depreciation of your assets can help you forecast expenditures and create budgets. If you are aware that your equipment is aging and may need maintenance soon, you can plan accordingly for those payments. Transactions in Asset Accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation, and asset depreciation.
Bank accounting captures all transactions with the banks. Bank reconciliation is done to reconcile all transactions recorded on bank statements.
It enables you to create monthly, quarterly, semi-annual and annual budgets on a departmental/project basis. It helps you control exceeding budgets by sending notifications and blocking voucher creation. You can quickly check the budget balance and execution rate through various reports such as Budget/Actual Book. As soon as you enter an accounting voucher, the amount is reflected as a budget execution. Eradicates manual input, which is time-consuming and, more importantly, prone to errors.