Financial management
(1) Group processing
Be able to manage multiple companies, allowing companies to retain a different organizational structure, chart of accounts structure, different currencies, each company can have its own accounting period and year-end closure with the different company's profit centers can also be merged. Meanwhile, the company can be achieved between credentials automatic posting, but also to carry out the general ledger consolidation.
(2) Financial budget and business plan
Budget, business plans and general ledger systems can be fully integrated budget data directly input by the user or generated automatically by the system and be able to this year's budget amount, statistics, the number of actual costs compared to the same calendar year. The new annual budget amounts can be assigned to each period of the year in order to alleviate the workload of corporate budgets.
(3) Tax
Enterprises choose the ERP system should be able to meet the world's many different tax requirements, as well as each company has its own tax parameters, so the system should allow different companies to establish an independent tax or not tax has been pricing, thereby help enterprises to tax-free and tax deferred treatment, and follow the tax historical information.
(4) Multi-Currency
In order to meet the needs of user participation in global competition, the system should have the ability to deal with cross-border operations, in the orders, shipments, accounts receivable, inventory, cash, purchasing and accounts receivable management, etc., should be able to carry out multi-currency processing, at the same time the system can also be automatic currency conversion, and generate financial statements for each currency and automatically calculate the amount of aggregate profit and loss.
(5) Accounts payable
The system should be able to check payments and cash requirements at any time and historical circumstances, understanding of the company's total debt and per the debt when due. At the same time we should also provide the two sides, three or four co-processing capabilities to enable enterprises to confirm the number of units and the purchase price, real income, inspection data, and invoices through a merger of purchasing, centralized purchasing, choose a fixed suppliers, timely payments and use a variety of payment methods to obtain a larger discount.
(6) Accounts Receivable
Accounts receivable management of the enterprise is crucial, especially in my country such special circumstances, it is to be flexible management. In the ERP system provides a number of ways which, combined with India's national conditions, I believe that a better approach is - according to customer credit, business lines of credit to develop, respectively, for credit control. Combination of models and then the time of the customers different levels of profit concession policies in order to speed up receivables withdrawn from circulation.
At the same time the system should be able to generate client-aging analysis of the table at any time, salesman aging analysis of the table, maturity payment notice, taking into account the commission business management, performance management systems, strengthening the management and control of payments corresponding to the intensity of the salesman carried out rewards and punishments, such a result, the receivables will be effectively controlled, the rate of cash flow will also be greatly improved. At the same time as the decision-making system should also provide all regions and product sales summary table and the calendar year, calendar year during the same period sales analysis table.
(7) Cost
Another important task of the system is the product cost control, the system should be able to timely and accurately reflect the cost of production during batch costs and costs (including the right off the collection and distribution of flour to use, but also the cost of procurement of parts procurement and manufacturing of production costs). ERP system should cost and sales, supply, inventory and manufacturing fully integrated through the accounting, manufacturing and procurement costs and benefits of such links deviation to help enterprises to improve management decision-making and business plans to facilitate the analysis of cost information. System is also the definition of product costs by workplace can also be defined as a company-wide standards for common costs, according to the cost of premises can be divided into the standard cost, the frozen standard cost, actual cost and simulation cost.
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