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How will the eresource ERP Finance Module help improve auditing?

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Question added by Rehan Qureshi , Financial Consultant , Self Employeed
Date Posted: 2014/03/11
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

In our Finance Resource Management module, transactions require document attachments before posting. This would ensure that there are no backlogs for documentation. For the auditor, the documents wil be displayed on click of a button to review a transaction.

In addition, eresource ERP's financial accounting provides company-wide integration that is essential to strategic decision making. The financial accounting module in eresource ERP gives you the ability to centrally track financial accounting data within a single framework, of multiple companies, multiple branches and chart of accounts.

Sameer Khan
by Sameer Khan , Financial Accountant , Centro Salama by Rotana

  • Reduce duplication of work
  • Due to integration easy and time saving.
  • Detailed and more precise procedeures are applied due to time saving.
  • Leads to accurate calculation.
  • Due to spread sheet export data can be easily analysed and compared.

 

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

ERP systems typically provide elegant technological solutions for organizations information needs through radical changes in information processing orientation. Due to the robust nature of these applications and the changes associated with the implementation, auditors may need to adjust the audit processes and procedures when auditing in such an environment.

 

The biggest advantage of an ERP system is with its real time capabilities and the ability to see what is going on with your company as it happens. It is handy when you deal with high volume of business process.

 

Eresource ERP's financial accounting provides company-wide integration that is essential to strategic decision making. The financial accounting module in eresource ERP gives you the ability to centrally track financial accounting data within a single framework, of multiple companies, multiple branches and chart of accounts.

IMRAN ALI
by IMRAN ALI , Accountant , Power Crete pvt. Ltd

 

 

Finance Management

Irrespective of your business depth, whether it is stretched across the globe or locally focused, eresource ERP Financial Management module is tightly integrated all your business needs. Eresource ERP module comprises of material management to human resource to logistics.

The financial module in eresource ERP provides financial functionality and analysis reports for different departments and cost centers. The financial module comprises of features such as

Financial Accounting

 

  • General Ledger
  • Account Receivable
  • Account payable
  • Fixed Asset A/C
  • Debut Note/ Credit Note/ Journal Entries
  • Bank Reconciliation

Statutory & Regulatory

 

  • Value added tax analysis & reporting
  • TDS & service tax
  • Excise

Enterprise Controlling

 

  • Executive Information System
  • Business Planning & budgeting
  • Profit centre accounting

In addition, eresource ERP's financial accounting provides company-wide integration that is essential to strategic decision making. The financial accounting module in eresource ERP gives you the ability to centrally track financial accounting data within a single framework, of multiple companies, multiple branches and chart of accounts.

Whatever the financial goals of your organization may have, the financial module of eresource ERP work hand-in-hand to improve the bottom-line.

Finance Resource Management in eresource gathers financial data from various functional departments and generates valuable financial reports such as balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more.

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