Financial Management


The Financial Management system handles the organization's accounting transactions, operations, and reporting. It supports multiple business standards, which are equipped with comprehensive reporting and auditing tools. The system contains a full cycle of accounting processes along with comprehensive facilities for automating a back-office.

The Financial Management system includes:

  • General Ledger
  • Budgeting
  • Accounts Payables
  • Accounts Receivables
  • Reporting
  • Administration

The Financial Management System excels through the following features:

  • Define accounts and cost centers trees with unlimited number of levels.
  • Dual-entry system, automatic transfer of journals, creation of journals and cancellation capability.
  • Budget definition, budget per cost center with the ability to segregate it into accounts and periods with an enable\disable functionality.
  • Budget validation with the ability to validate each transaction against the defined budget.
  • Creation of purchase invoices, with the ability to schedule their payments.
  • Ability to define payments with different payment methods.
  • Issuance, withdrawal, and cancellation of payment Cheques.
  • Transfers, employees’ loans, and settlements management.
  • Receipts and receivable Cheques' management.
  • Large set of financial reports, (i.e. statements, balances, comparisons, suppliers, Cheques, transfers, receipts, financial statuses, and others).
  • Financial calendars management and fiscal years management.