Financial Management Software We Track
What is Financial Management Software?
The financial management software provides accounting functions such as generating annual financial statements, quarterly financial statements, etc. It also provides tools like for budgeting, analysis, reporting, and planning.
The primary modules are Accounts Payable, Accounts Receivable and General Ledger. It also includes modules such as Cash Management, Tax Management, Accounting, Revenue Management, Payroll Management, and Fixed Management to provide complete solutions.
Market Share of Companies supplying the Office Productivity Suite
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Major benefits of Financial Management Software are:
- Streamlines the financial operations: Efficiently handles the workflow by generating reports without errors.
- Accurate version: Business activities and precise performance reports are visible on a real-time basis with the personalized dashboards and financial reports on a centralized database.
- Managing multiple entities: Multiple entities can be managed such as automated reporting, cash management, payments, consolidation. It also supports independent balance sheet.
- Migration of data: Accounts Payable and Accounts Receivable data can be migrated including original amounts, dates and open balances without any effect on the general ledger.