Financial Management for Priority Software ERP
Financial Management Module
Priority offers a range of superior financial management modules and tools to manage and control all aspects of today’s fast-paced, consistently changing businesses and organizations – and all in keeping with stringent regulations and regulatory compliance. Priority’s financial module processes/reports multi-company and multi-currency information and can be easily customized to meet various global tax jurisdictions or accounting rules.
Included in the module is a comprehensive range of tools to supports multiple revenue recognition, billing and fixed assets, and BPM integration for efficient control, all of which are managed by an easily customizable financial reporting tools and Business Intelligence tools.
Support wide range of billing methods/functions, such as project-based billing, recurring revenues, pre-defined payment terms, delivery-based billing and more, all linked to Priority’s revenue recognition methods; preconfigured, predefined functionality make invoicing/cash flow management fast and easy with effective, automated control.
Tight and efficient budget control is based on budget versions/periods/trees and BPM, all integrated into organizational business operations; premium budget control from purchase requisition down to delivery, with interdepartmental service charges/inventory transactions.
Provides for comprehensive monitoring of Order-to-Cash and Purchase-to-Pay, including an innovative, built-in BPM that enables users to closely track Days Sales Outstanding (DSO), aging and cash-flow projections.
Manage/control operational costs by deploying multi-dimensional profit/cost centers.
Financial Statement Generator
Customizes financial statements, such as balance sheets, profit/loss, trial balances and supporting schedules.
Seamlessly integrated into Priority’s General Ledger (GL) and purchase management module, resulting in comprehensive lifecycle tracking/depreciation of assets, reporting on fixed assets from the purchasing stage, through to retirement.
Based on quantitative features of reliable financial statements, such as clarity, relevance, reliability and comparability; key tool for organizations wishing to meet regulatory compliance/control.