Finance module helps us in managing costs and in making profits. This manages complex operations such as paying debts, receiving payments, manage the existing assets and also comply in with local and international regulations.
The finance module is integrated with the sales module and accurately reflects the receivables, and the ageing analysis of the past invoices is done helping in coming up with a credit history of the vendors. Pending payments are also reflected on a constant basis to the sales team for collections
The module is integrated with the procurement module. The GRNs filled in gets reflected in the Finance module that allows the invoices to be processed. This is also integrated with the sales module that captures the payment terms of the vendors and the payment in tranches are done.
The module records all information about the assets in the organization. This includes asset identification codes, descriptions, costs, locations, insurance dates, depreciation methods etc. this helps in quick identification of assets, relocating them, sending them for maintenance and expectations of the performance of these assets in multiple locations
The BRS module allows you to reconcile between the ERP and the Bank account. The data from the general ledger files is compared to the bank statements and auto matching takes place.
Every financial transaction gets reflected in at least two GL accounts – Debit and a Credit. Double entry transactions are posted in two columns and the balance of all debit and credit entries must balance.
The balance sheet functionality provides the financial statement or the position of the organization. This includes Assets, Liabilities and financial balances listed as of a specific period. This helps in getting a snapshot of the organization financial condition.
The trial balance lists of all the GL accounts and ensures that entries in a company book keeping system are mathematically correct. The list will contain nominal ledgers that will have either a debit or a credit balance in the respective columns.
The income statement comes out with a summary of the company profits and losses as of the specific period. This will help measure the financial health of the business.
The GL provides the ability to track financial accounting data centrally. This module integrates with multiple other departments that include Sales, Procurement, Warehouse, Logistics, Manufacturing etc. this module also takes care of period and year closing.
Vittena provided us with right solution and technology to scale the business. The ERP workflow captures every small process of our business flow and very easy to use. Regular updates and customizations are added advantage. Happy to be associated with Vittena.
Managing Director
We have also built enterprise grade business applications for multiple
industries.
Check out our other products
A highly capable and unique marketplace web-platform centralizing the selling experience
Know More >
A windows based mini-ERP for Indian small business markets with focus on retail, service-oriented businesses and manufacturing units.
Know More >
Manage the whole spectrum of hotel operations in simplified manner and integrable with various travel portals
Know More >
