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The Accurate Accountant

General Ledger System

The central task of GL accounting is to provide a comprehensive picture for accounts. Recording all business transactions in a software system that fully integrated with all other operational area of a company ensures that the accounting data is always complete and accurate. General Ledger provides highly automated financial processing. It also provides tools for effective management control and real-time visibility to financial results everything you need to meet financial compliance and improve your bottom line. General Ledger works seamlessly with other products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost

Benefits

  • Gain Efficiencies with Highly Automated Financial Processing

Automate journal processing for recurring and allocation journals. Convert and load raw data from external systems. posting, reporting, translation, and consolidation processes in parallel to accelerate reporting time

  • Establish and Maintain Superior Internal Controls

The chart of accounts can be customized to best fit your company’s needs, and is used to control information access. Guarantee data integrity with a single ledger to manage all financial information. Actual, summary, foreign currency, balances are automatically synchronized, rendering reports immediately available and always accurate. Mandatory checks and balances prevent the occurrence of out-of-balance situations.

  • Capitalize on Global Opportunities

Capture and report on any number of currencies from the balance level. Currency conversion, revaluation, re-measurement, and translation performed in accordance with local and international accounting standards essentially; the general ledger serves as a complete record of all business transactions. It is the centralized, up- to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time in real time processing by displaying the original documents, line items, and transaction figures at various levels such as :

  • Account information
  • Journals
  • Total/transaction figures
  • Balance sheet /profit and loss evaluations

Report scheduling system

Accounts Receivable Management System

Often the largest asset on a balance sheet, receivable is critical to a company’s financial health. Thought extending credit to your customers helps boost sales, it also increases your cost of working capital and financial risk, especially in challenging economic times. Accounts Receivables offer a powerful and flexible solution for managing credits, collections, deductions, and disputes. In addition to core receivables processes, Accounts Receivables enable company to increase cash flow. Reduce operating cost, minimize bad debt, and ensure compliance with accounting guidelines.

Benefits:

  • Increase Productivity:
    • Reduce data entry time.
    • Real-time customer balance information.
    • Customer aging report.
    • Multiple options for analysis of customer information.
  • Correct Customers Effectively:
    • Efficient handling of customer invoices improves customer relationships and leverages your organization’s ability to respond to credit and collections issues.
    • Analyze customer activity by viewing a chronological history of transactions over a specified period and drilling into item-level information.
    • Manage customer account information by storing and maintaining an unlimited number of addresses and contacts per customer, as well as the history of credit status, disputes, and notes.
  • Deduction and Exception Processing:
    • By using the deduction and dispute management functionality within Receivables, you can handle exceptions quickly and cost effectively.
    • Debit-off customer balance.
    • Flexible accounting templates to minimize data entry.
    • Report scheduling system.

Accounts Payable Management

Your accounts payable personnel have responsibilities beyond simply paying the bills. They help build supplier relationships by ensuring that all delivery, payment, and contractual conditions fulfilled. They manage the flow of invoice processing to ensure prompt and accurate processing. In addition, they add value to the bottom line with targeted use of invoice discounts and tactical timing of cash flow disbursements. Effectively balancing supplier needs, payment terms, discounts, and cash management requires a flexible and adaptable system that optimizes the entire accounts payable process.

Benefits:

  • A Flexible, Integrated Accounts Payable System:

Accounts Payable provides the integration and flexibility you need to stream line and personalize your accounts payable operation you can enhance supplier relationships by fulfilling  payment obligations in an accurate and timely manner And, with automated discount calculations and prepayment support you can ensure that your cash management is both efficient and effective.

  • Improve Supplier Relationships:

Flexibility is critical to meet the unique needs of your suppliers. In addition, Accounts Payable provides the tools to help you build and maintain efficient, personalized supplier partnerships with any method of payment.

  • Establish Prompt, Efficient Invoice Processing:

With Accounts Payable, you have the flexibility to meet your unique business requirements – whether you process multiple recurring invoices or prepayments. The system automatically calculates discounts, and currency conversions based on your preconfigured specifications. This capability enables you to take full advantage of discounts and pay your suppliers according to their terms without interrupting the accounts payable process.

  • Manage Cash Effectively:

An effective cash management approach takes maximum advantage of discounts while maintaining your suppliers
preferred payment methods. Accounts Payable allows you to consider a virtually unlimited number of variables before submitting payment to a supplier, including date due, discount offered, and amount of cash on hand.

  • Timely and accurate information:

Accounts Payable provides timely and accurate information on cash flow, aging information, discount opportunities, payment history, and vouchers. With this information you are able to improve supplier relationships, negotiate better contracts, and control cash flow.

    • Create customized accounting templates to minimize data entry and streamline how each user performs his.
    • Report scheduling system.

Cash Management System

Cash Management System provides effective liquidity management structures that offer monitor payment flows, safeguard liquidity and control of a corporation’s total funding requirements and allow them to optimize their short-term liquidity.

Benefits:

  • Manage the cash cycle efficiently and with control

To avoid what happen always Cash Management control your cash cycle and keep the days of cash cycle conversion as shorter as possible.

  • Monitor for exceptions and fraud

Cash Management System enables financial institutions to reduce the manual effort for managing exceptions by creating business rules to automatically reconcile and account for bank statement line items.

  • Providing Security

Cash Management’s security model allows you explicitly grant users access to specific bank accounts for performing specific functions to ensure segregation of duties and compliance with corporate governance regulations.

  • Exercise Control Over Bank Accounts

Timely bank reconciliation is crucial to protecting your bank accounts from unauthorized use. Cash Management offers comprehensive bank reconciliation capabilities, enabling you to maintain accurate cash balances, identify and resolve exceptions, manage bank errors, and monitor fraud. Automating bank reconciliation dramatically reduces the administrative time and costs for your audit and treasury departments.

  • Ideal Cash Flow

Real time cash positioning is essential for preventing bank balance overdrafts and for effectively managing liquidity. Cash Management gives you direct access to daily cash flows from your operational systems as well as those reported by your bank. You can quickly analyze your daily cash position by currency, bank account, or cash pool, allowing you to project your daily cash needs and evaluate your company’s liquidity position.

  • Tracking Bank Account Balances

keeps track of all your bank account balances. It allows you to compare actual bank balances to the projected closing balances, so that you can continuously refine your forecasting techniques.

  • Flexible accounting templates to minimize data entry.

Report scheduling system.

Fixed Assets Management System

Fixed Assets Management System helps drive greater value from your assets, whether they are plants or equipment. From capital planning, to procurement and operations, to maintenance and repair. Fixed Assets Management can maximize profitability and return on investment across the entire asset lifecycle.
Benefits:

Complete enterprise-wide visibility enables executives and managers to make sound assets investment and management decisions to drive financial value at every stage of the asset lifecycle.

  • Keep Assets running at maximum availability and extend equipment life.
  • Increase Labor Productivity by scheduling maintenance around operations, matching employee skills to specific maintenance task.

Make depreciation easy:

  • Assets depreciation with many deprecation methods.
  • Allows you to record different expenditures related to your fixed assets, expenditures may include repair, painting and other improvements on an asset.
  • Allows you to print detailed fixed assets labels and bar code that you can tag to the applicable fixed assets for proper identification.
  • Process the acquisition of fixed assets as needed to ensure that the right parts are ordered and track delivery times, vendor performance, payments and goods receipts.
  • You can lease almost anything, from equipment valued at a few thousand pounds to assets worth millions. Leasing contracts are flexible and can be tailored to your needs.
  • Multi methods for adjustments.
  • Report scheduling system.
  • Flexible accounting templates to minimize data entry.
  • Orchestrating flawless fulfillment which consists of workflow logic to determine how a specific orders line should be processes.