The finance is central module of ERP, which integrated with all other modules to maintain the daily financial data using best practices, gain deep visibility and data-driven insights.
The system helps finance team to manage and govern accounting business transactions with perfect automations as per generally accepted accounting principles (GAAP), reducing human errors, complying with regulatory requirements and optimizing cash flow. Our comprehensive design help organizations to avoid redundancy, tracking assets, liabilities, income and expenses using properly categorized chart of accounts; it also has the flexibility to adapt to changes when needed.
The system provided seamless integration with account receivables, account payables, banking systems, and keeps detailed tracking records of assets and liabilities. It can provide future insights about your business cashflow, and powerful personalized business dashboards. With the system, it is easy to assess the impact that financial decisions have had on operations and vice versa. Purchase and sales are fully integrated with finance, giving you a better visibility in account receivable and payable against invoice settlements; it becomes easy to handle the due invoices, credit limit days and amount controls for better cashflows and vendor payments on time.
The process automation eliminates manual processes and enables you to shorten transaction cycles, protecting the company’s revenue stream and credit standing. It manages multi companies and multi currencies effectively, and helps painless inter-company transactions and reconciliations, producing individual company and consolidated reports, and handles most diverse business requirements.
The system has robust features for budgeting and forecasting to plan and control finance operations effectively, and enables auto calculation of fixed assets depreciation to simplify planned transactions related to assets. With multiple bank accounts, you can monitor cash inflow, outflow and reconciliation of cash balances. The system enables easy handling of your post-dated cheques, prepaid expenses, customer and supplier aging, supplier payment plans based on due-date, customer overdue analysis, recurrent journals, etc. With powerful dashboards and drill down reports capabilities, INNSOF empowers your business for better decision-making and sustainable growth.
- Chart of Accounts
- General Ledger and Subsidiary Ledgers
- Receipt and Payment Vouchers
- Journal Vouchers
- Recurring and Contra Vouchers
- Debit & Credit Notes
- Bank Transactions
- Bank Reconciliation
- Sales & Account Receivables
- Purchase & Account Payables
- Cheque handling and PDC management
- Cash and Bank Book
- Budget control and variation reports
- Cost Center/ Profit Center
