Financial Management

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The Financial Management system handles the organization's accounting transactions, operations, and reporting. It supports multiple business standards, which are equipped with comprehensive reporting and auditing tools. The system contains a full cycle of accounting processes along with comprehensive facilities for automating a back-office.

The Financial Management system includes:

  • General Ledger
  • Budgeting
  • Accounts Payables
  • Accounts Receivables
  • Reporting
  • Administration

The Financial Management System excels through the following features:

  • Define accounts and cost centers trees with unlimited number of levels.
  • Dual-entry system, automatic transfer of journals, creation of journals and cancellation capability.
  • Budget definition, budget per cost center with the ability to segregate it into accounts and periods with an enable\disable functionality.
  • Budget validation with the ability to validate each transaction against the defined budget.
  • Creation of purchase invoices, with the ability to schedule their payments.
  • Ability to define payments with different payment methods.
  • Issuance, withdrawal, and cancellation of payment Cheques.
  • Transfers, employees’ loans, and settlements management.
  • Receipts and receivable Cheques' management.
  • Large set of financial reports, (i.e. statements, balances, comparisons, suppliers, Cheques, transfers, receipts, financial statuses, and others).
  • Financial calendars management and fiscal years management.