1. The core function of the financial plan is to analyze the difference between the budget and the actual implementation and make necessary adjustments. This is the weak link of the traditional financial system. Through the general ledger and financial analysis module, company-level and department-level budgets and forecasts can be realized, and top-down, bottom-up and distributed budget generation can be supported.
2.ERP can support the consolidation of financial statements of different types of enterprises in enterprise groups and multinational corporations. Multi-level subsidiary ledger, multi-currency and multi-accounting calendar reports can be merged, and the account balance can be traced back to the original business voucher.
3. Using the financial analyzer module, employees at all levels of the enterprise and relevant external personnel can model and analyze financial data on the premise of being authorized. For more complex financial analysis, online data analysis and processing tools (OLAP) can be used to model data from different angles. For example, sales data can be compared by region, product category and sales personnel, and the factors that affect sales, such as price, can be analyzed by sensitivity modeling, so as to get scientific decisions.
4. Financial control is mainly reflected in the management of expenses. The integration of ERP procurement, accounts payable and fixed assets modules not only reduces the repeated entry of expense data, but also automatically collects and forms reports for relevant personnel to analyze and evaluate.
5. Accounts receivable module can handle multi-currency and multi-country tax systems and various payment methods, so that the management of accounts receivable supports global operation.
6. Cash management of enterprises involves all aspects of finance. The cash management module is integrated with accounts receivable module, accounts payable module and general ledger module, and provides data interface with banks to form a cash management system that supports multi-currency and automatic bank reconciliation.
7, fixed assets and procurement, inventory, general ledger and other modules to transfer information about assets and equipment inventory, to ensure that the asset data maintained in the system is accurate. The system can support the accounting treatment and financial statements of depreciation, revaluation and liquidation of various assets, and provide services for enterprises to determine favorable asset management strategies.