ERP finance software
The financial features of ERP software will support the daily operational tasks of your finance team to ensure optimal financial health, as well as support strategic decision-making across the business.
Deep dive into ERP system operations
Finance and accounting functionality within an ERP system review should include:
- Financial reporting suite – design, and run financial reports, with ability to filter and adapt to your needs.
- Comprehensive Accounts Payable features including accounting distribution setup, vendor invoice processes, & intercompany purchase orders.
- Accounts Receivable handles customer invoices, sales orders, inventory packing slips, and payments. It also manages direct debits, credit, and collections.
- Track payments to gain clarity on debts, enabling your accounts receivable team to prioritize and negotiate invoice settlements.
- Budgeting planning, creation, automated proposals with forecasting, what-if scenarios and spend control.
- Cash and bank management tracks accounts, automates payments, and handles currency revaluation for smooth cash flow.
- Cash flow management system for monitoring, analysis and forecasting with troubleshooting.
- Accurately monitor costs across your organization’s financial dimensions with tailored reporting and analysis.
- Fixed assets management and workspace in conjunction with General Ledger for you to track depreciation, capitalization and projected values of the assets through their lifecycle.
- General Ledger setup and processes with guided, rule based Chart of Accounts framework.
- Request project accounting features including quotes, invoicing, payments, and more if your company runs projects.
- Ensure compliance with audits and taxes across your legal entities with multi-language and multi-currency support.
- GDPR compliance in the financial data on vendors, partners & customers.
- Innovation – Look out for dynamic currency hedging for identifying and mitigating currency exposures.
- Innovation – CFOs will benefit from insights driven by Machine Learning technologies for analyzing trends and providing forecasts.
- Expense management features for processing expenses incurred, with approvals, payments and capture of receipts for visibility in cost analysis.
It's time to replace your legacy accounting software
As you discovered from these features, a best-in-class Financial ERP System offers comprehensive and integrated financial functionality to ensure the processes and visibility of your organization are optimized from a financial perspective.
