Financial Management is considered to be one of the most important modules of an ERP system. ERP financial management module includes features that support creation of ad hoc reporting as well as month-end closing, quarter closings and year-end reporting.
eresoure ERP financial management system, which encompasses the functions that are required to maintain one or more sets of books, generate financial reports, manage cash and fixed assets and execute payment and receivable transactions.
The financial management functionality in eresource ERP system minimizes manual data input on behalf of the user, thereby freeing the user from tedious, routine tasks and allowing greater focus on other, greater value added, tasks.
As the module is keeping track of every movement in and out of the warehouse, it can deliver at any time clear value of what’s in stock. The financial module in ereosurce follows every individual step, including budget planning for production and billing.
Apart from the above functions the Financial Management in eresource gather financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more.
eresource ERP Finance management module also has the capability of meeting all the accounting and financial needs of an organization. It is with this module that Financial Manager as well as other Managers within business can review the financial position of the company in real time and assist in better decision-making and strategic planning.
Default charts of accounts.
Linked accounting. Direct navigation from accounting entries to documents and vice versa.
Trial balance. General ledger.
P&L statements (income statements).
Receivables and Payables
Generation of debt payments (from invoicing).
Issue of debt payments. Management of accounting documents.
Bank statements reconciliation.
Bank Accounts Management
In addition to the above outlined features, provision for Bank Guarantee, Forward Contracts, Letter of credit is also available in eresource ERP.
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