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Finance & Accounting

The Financial & Accounting module is designed to capture business transactions in a real-time, online, integrated manner that will satisfy external reporting requirements. The module provides the ability to “drill down” to the originating transaction whether it is a purchase order, work order or inventory movement. Financial Accounting includes the following sub-modules:

  • General Ledger (FI-GL)
  • Accounts Payable (FI-AP)
  • Accounts Receivable (FI-AR)
  • Bank Accounting (FI-BL)
  • Asset Accounting (FI-AA)
  • Cost Accounting

The functionality of the Finance &Accounting module is very robust and flexible. Whether a smaller organization with a single legal entity or a large organization with numerous companies, consolidations and varying legal requirements, the FI module can support and automate all financial postings and reporting.

The Cost Accounting sub-module provides you with information for management decision-making. It facilitates coordination, monitoring and optimization of all processes in an organization. This involves recording both the consumption of resources and the services provided by an organization. As well as documenting actual events, the main task of controlling is planning. You can determine variances by comparing actual data with plan data. These variance calculations enable you to control business flows.