FINANCIAL INSIGHTS AND CONTROL:
Empower your decisions
FINANCIAL INSIGHTS AND CONTROL:
Empower your decisions
Empowering business management
In today's dynamic business landscape, effective financial management and control are essential for driving growth and success. ERP system plays a crucial role in facilitating finance and controlling functions, providing businesses with the tools they need to manage finances, analyze performance, and make informed decisions.
Comprehensive financial management
ERP systems offer robust financial management modules that streamline core accounting processes. By centralizing financial data and automating routine tasks, businesses can ensure accuracy, compliance, and transparency in financial operations.
Budgeting and forecasting
ERP systems facilitate budgeting and forecasting processes, allowing businesses to set financial goals, allocate resources and track performance against targets. By integrating budgeting modules with actual financial data, businesses can compare variances, adjust forecasts, and adapt strategies to changing market conditions, ensuring financial stability and resilience.
Performance measurement and analysis
ERP system enable businesses to measure and analyze financial performance across departments, business units and projects. By tracking key performance indicators (KPIs) such as profitability and return on investment (ROI) businesses can assess their financial health, identify areas for improvement, and optimize resource allocation to maximize shareholder value.
FUNCTIONALITIES
It is important that all areas of accounting have the same single source of truth so that you can rely on the numbers and can always trace back to the source documents.
Incoming documents in physical form can be scanned and digitized to enable their electronic processing and storage in digital form.
Documents, whether in physical or electronic format and received through various channels such as email, mail, EDI, etc., are systematically linked within the invoice archive. This data is then imported into the ERP system, specifically directed to the payable ledger for further processing.
Seamless transfer of invoices to the payable ledger, where they are matched with corresponding delivery notes. Partial or complete automation of approval workflows, streamlining the overall invoicing procedure.
Documents are archived in a secure and organized archive of incoming documents. Direct access to invoices is provided through ERP.
Enabled bookkeeping of documents, entries, creation of vouchers, and capture for transfers to finance.
The overview of actual sales of goods or services to end consumers across various sales channels in the ERP system. Enabled input of a plan for a specific period, connection of traffic - plan through BI. Like to Like report (traffic compared to previous periods) in BI.
Cost input in ERP system - option to enter actual costs through cost calculation. Supported cost pre-calculation which is conversion of estimated costs into purchase price, for easier definition of sales prices between related companies. Cost overview for a specific period enabled.
Collaborating with clients to create a catalogue of current processes, while providing assistance in establishing optimal processes and identifying potential optimizations.
Basic procurement, sell-out, inventory, goods movement, and non-moving stock overview are provided within the ERP system.
