The QAD Enterprise Applications finance suite offers two versions: Enterprise Financials and Standard Financials. QAD Standard Financials solutions can meet the specific needs of global manufacturing enterprises. By streamlining financial processes from planning to recording, reporting, and compliance, manufacturers can gain significant benefits.
Outstanding features of financial suite
Financial Analysis: Provides powerful financial analysis to determine the overall condition of the business. Ensure that all personnel, from top executives to business managers, have the most accurate information to make informed critical business decisions.
Management Report: Provides powerful tools to generate daily, monthly, quarterly, and annual enterprise and management reports. Provide a wide range of reporting functions with maximum flexibility and operational efficiency.
Multiple Generally Accepted Accounting Principles:? The demand for simple yet powerful financial application software is growing in support of the US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Simultaneously complying with local and regional reporting requirements in multiple jurisdictions, capable of processing and reporting in any currency form.
Budgeting: With a powerful set of budgeting tools and template tools, it can develop plans for multiple companies, summarize budgets at multiple levels, and further conduct detailed analysis.
Provide tools and control procedures for management, risk, and compliance: assist companies in complying with regulations such as the Sarbanes Oxley Act (SOX) or the Japanese version of J-SOX.
Merge: Automatically generate enterprise report consolidation and project offsetting, even if each entity uses different charts of accounts, accounting periods, and currencies. Multiple merged views can be used to simulate financial management in summary or detailed form, and to merge proportionally. Automated project offsetting can reduce the need for manual voucher entry.
Allocation: Automatically allocate amounts based on user-defined algorithms, simplifying cost and revenue distribution; Allow multi-level and hierarchical allocation.
Financial shared services: promote centralization and introduce enterprise level standards, provide economies of scale, and ensure consistency.
Credit management: Ensure visibility of credit issues, support customer credit verification for the entire global enterprise, and ensure that local orders or shipments do not exceed the enterprise credit limit, even within the local limit range; And conduct critical and timely monitoring of overdue payments and customer balances.
Tax Management: Supports tax planning, complex tax environments, and taxation for multiple countries in the same database without the need for local tax systems.
General ledger: Multi layer mode supports multiple sets of accounting books, simplifying global international reporting for all departments and regions, and tracking financial transactions in any currency form.
Multi currency: Supports companies to conduct business in any currency form and generate consolidated financial reports in any currency form. Dual base currency allows transactions to be stored in settlement currency, base currency or functional currency, as well as other base or legal tender forms.
Accounts receivable: Monitor customer balances; Support refund management; Generate reports and account reports; Record customer payments, including electronic transfers.
Accounts payable: streamline payment processes; Manage supplier accounts; Monitor accounts payable; Manage electronic transfers; Automated supplier payment process.
Banking/Cash Management: Providing effective cash flow management for businesses. Use electronic banking, electronic banking statement input and settlement to automate the payment process. Through banking/cash management, predict future cash positions based on expected cash sources and usage.
Cost Management: Provides multiple user-defined cost sets and cost elements for simulation and analysis, supports cost segmentation by location, and enables the use of multiple cost methods simultaneously.
Fixed assets: Support asset tracking, depreciation calculation, and reporting. Provide multiple advanced depreciation methods and multiple depreciation books for reporting and tax matters.
Advanced control program: provides strict execution accuracy, completeness, audit and confidentiality of electronic records, and supports electronic signatures.
