Financials

Financials provides an effective financial management tool. You can use more than one financial company and control information in the general ledgers, the accounts payable, and the accounts receivable at group level.

You can use user-definable dimensions to view financial information in detail from different angles. With the parent-child structures, you can obtain financial information in the proper structure, regardless of the country or the financial system.

Budgeting and planning features, such as single dimension budgets and activity-based costing, provide you with tools to manage your business. You can use single dimension budgets to control budget amounts and actual cost based on performance measures. The Activity Based Costing tool provides more accurate product costing and gives you better insight into the costs of various activities.

Financials fully supports electronic banking and real-time registration of transactions.

You can use multiple currencies. Financials can handle daily rates and spot rates in various currencies. You can also buy and sell against an agreed rate. In addition, transactions can be recorded in more than one functional currency.