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Financial Accounting

  • iSMARTS/ Finac is a suite covering various modules such as accounts receivables, general ledger & accounting and accounts payables.
  • Accounts Receivables is interfaced with the Billing and GL/ Accounting System. It offers rich features for handling multiple payment types and performing ageing reports. It provides forex based profit and loss computations besides rich analytics billing and collection efficiency perspective.
  • Accounts Payables handles multiple payment transactions involving SWIFT/ EDI etc. to variety of suppliers and interfaces with automated bank accounts, payroll systems, profit and loss etc. It does the traditional supplier bill processing and payment functions other than ageing analytics and accounting record generation.
  • General Ledger and Financial Accounting (GL) is the backbone of all the accounting transactions in the iSMARTS System. The GL provides sophisticated features to set up and maintain books, ledgers and journals necessary in finalizing the financial accounting, statutory and internal organization needs. It interfaces with all the accounting sub-modules relating to employees, suppliers and customers, besides providing control features within the system to manage the reconciliation needs with diverse sub-systems. It also supports budgeting and forecasting needs, besides providing a rich enquiry and advanced search capabilities.
Our Solutions

Some of the main features include:

Multiple Country/Company/IBU/Currency/Bank Accounts Support

GL/Journal/Cash Book/P&L/Trial Balance/Balance Sheet

Debtor/Creditor Maintenance with Ageing Analysis and Reporting

Budgets/Forecasts/Turnover and Profits Reporting

Bank Reconciliation with Inconsistency Alert Mechanisms

Interface to Bank Facility – EDI Automation

Support for various Local and Global Tax Policies and Structures

Seamless Interface to ERP for Integrated Graphical Reporting


Some of the main value added benefits include:

Efficient Financial Management with Reduced Operating Costs

Streamlined Collections, Payables and Settlements Processes

Increased Financial Transparency and Liquidity

Real-time Access to Integrated Financial Information

Enhanced Asset Performance and Management Capabilities

Self-service Portals for Executive, Investors & Stakeholders

Improved Financial Forecasting Accuracy

Collaborative Financial Performance Reporting and Analysis

MORE SOLUTIONS

 

 Reach us @: enquiries@comsoftinfotech.com

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