Light weight Scalable Power full

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1 Light weight Scalable Power full

2 Light weight Scalable Power full INTEGRATED FINANCIAL MANAGEMENT SYSTEM execution to accounting and reporting. A financial management information system, or integrated financial management information system (IFMS), is an information system that tracks financial events and summarizes financial information. In its basic form, an IFMS is little more than an accounting system configured to operate according to the needs and specifications of the environment in which it is installed. It refers to the use of information and communications technology in financial operations to support management and budget decisions, fiduciary responsibilities, and the preparation of financial reports and statements. It refers more specifically to the computerization of financial management processes, from budget preparation and IFMS Helps to organizes and makes access to financial information easy. It not only stores all the financial information relating to current and past years spending, but also stores the approved budgets for these years, details on inflows and outflows of funds, as well as complete inventories of financial assets (e.g., equipment, land and buildings) and liabilities (debt). The scale and scope of an IFMS can vary, from simple General Ledger System to a comprehensive system addressing Budget, Revenue, Expenditure Control, Debt, Resource Management, Human Resources, Payroll, Accounting and Financial Reporting. Managers can use this information for a variety of purposes: to plan and formulate budgets; examine results against budgets and plans; manage cash balances; track the status of debts and receivables; monitor the use of fixed assets; monitor the performance of specific departments or units; and make revisions and adjustments as necessary, to name a few. Reports can also be tailored to meet the reporting features from budget formulation to budget execution and review, to audit and evaluation of financial performance and results.

3 Light weight Scalable Power full Salient Features The principal element that integrates an IFMS is a common, single, reliable platform database (or a series of interconnected databases) to and from which all data expressed in financial terms. In a nutshell, integration implies that the system has the following basic features: Ÿ Standard data classification for recording financial events; Ÿ Internal controls over data entry, transaction processing, and reporting; Ÿ Common processes for similar transactions and a system design that eliminates unnecessary duplication of data entry. Integration o entimes applies only to the core financial management functions that an IFMS supports, but in an ideal world it would also cover other information systems with which the core systems communicate, such as human resources, payroll.

4 Light weight Scalable Power full Key Benefits Ÿ Provide timely, accurate, and consistent data for management and budget decision- making; Ÿ Support Company-wide as well as Branch-level policy decisions; Ÿ Integrate budget and budget execution data, allowing greater financial control and reducing opportunities for discretion in the use of funds; Ÿ Provide information for budget planning, analysis and reporting; Ÿ Facilitate financial statement preparation; Ÿ Provide a complete audit trail to facilitate audits. By recording information into an integrated system that uses common values, IFMS users can access the system and extract the specific information they require to carry out different functions and tasks. All manner of reports can be generated: balance sheets, sources and uses of funds, cost reports, returns on investment, aging of receivables and payables, cash flow projections, budget variances, and performance reports of all types.

5 Modules MAK Tree IFMS ERP Modules: Dashboard Dashboard To Do List Global Setup Company Setup Tax Setup Geography User Setup Company Tax Setup Country Responsibility Center Branch / Division Tax Master State / Province Role Master Financial year Tax Types City User Master Currency

6 Modules Feature List General Ledger GL Transac ons Cash/Bank Transac ons Finance Reports Document Type Opening Balance Cash Receipt Bank Reconcilia on Chart of Accounts General Voucher Cash Payment Reconcilia on Summary Sub Ledger Accounts Debit Note Bank Receipt Transac on List Pos ng Setup Credit Note Bank Payment Ledger Report BRS Opening Fund Transfer Trial Balance AR / AP Bill Wise OP. Balance Reconcile Profit & Loss Balance Sheet Daily / Monthly Exchange Rates Schedules Journal Template Cost Center Report Drill Down Reports Budge ng Fixed Assets Fixed Assets Blocks Fixed Assets Details Fixed Assets Opening Balance FA Insurance Master Fixed Asset Transac ons Fixed Assets Purchase Fixed Assets Sales Fixed Asset Reports Deprecia on Summary Masters & Setup Budget Reports Inventory Module Stock Transac ons Budget Alloca ons Reports Unit of Measure (UOM) Opening Stock Item Ledger Item Category Stock Receipt Stock Report Item Brand / Make Stock Issue Storage Loca on Physical Inventory Item Master Budget Repor ng

7 Modules Feature List Sales Module Sales Reports Purchase Transac ons Customer Master Sales Quota on Sales Return A/R Aging Reports Payment Terms Sales Order Customer Receipt A/R Aging Summary Delivery Challan (DC) Customer Bill Adjustment Customer Ledger Sales Invoice Purchase Module Vendor Master Payment Terms Purchase Reports Purchase Transac ons Purchase Requisi on Purchase Return A/R Aging Reports Supplier Payment A/R Aging Summary Purchase Order Supplier Bill Adjustment Supplier Ledger Goods Receipt Note (GRN) HRMS Masters Skill Set Master HRMS Transac ons Payroll Masters Employee Master Leave Opening Balance Salary Statement Designa on Master Payslip Grade Master Leave and Reimbursement Leave Master Asset assigned to Employee Leave Le er Payroll Control Informa on Process Monthly A endance Payroll Process Resource Request Salary Component Master Candidate List Asset Master Candidate Status Loan Master Schedule for Interview Exit Interview Payroll Reports Payroll Transac ons

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