The financial system supports the following main topics: Financial and Management Accounting, Cash Flow Management and allows to generate reports for external entities such as: Balance Sheet, Income Statement, Statement of Cash Flows and internal reporting and controls in the organization, by segment, profit center and cost center.
The system supports local set of books, and additional books can be registered, such as Set of Books US-GAAP, Set of Books IFRS and the like.
Generally, the system supports automated processes, such as receiving bank pages, payment runs, etc., and expects to control and handle the exceptions only.
The end-of-period and end-of-year processes are performed using a uniform method and simplify the operation of the system.
The system has support for various methods of income recognizing and in accordance with different accounting principles.
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