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Ross ERP

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Financial Management for Ross ERP


As of 2021, Ross ERP is now known as Aptean Process ERP

Accounts Receivable/Payable Module

Accounts Receivable

The Accounts Receivable module is tightly integrated with Sales Order Processing for the aging of Invoices and Credit Notes. Also due the Sales and Shipping process information on outstanding balances and past due invoices is used for credit checking. Additionally, miscellaneous Debits and Credits can be created as well. 

Cash Receipts can be easily entered and applied to outstanding balances, including integration with Lockbox cash receipts. Customer Deductions can be easily recorded during cash receipt and applying to open transactions with offsetting Billbacks that can be investigated and approved or charged back to the customer.

Accounts Payable

The Accounts Payable module is tightly integrated with Purchase Order Processing for the aging of Invoices and Credit Notes. Also, non-purchase order related invoices and credits are easily entered. Aging of Outstanding Payables is maintained and Cash Disbursements from multiple bank accounts can be created with traditional check generation or electric funds transfer.

Advanced Reporting and Budgeting Module

The Advanced Reporting module is where you setup the financial reports that you need to use to manage your business with an easy to use spreadsheet like function for defining reports in both summary and detail with filters to view reports by company, division, cost center, location, etc. Reports can be easily scheduled and distributed. From the Financial Reports you can also view the source transactions.

The Budgeting Module allows you to easily create budgets using prior financial years and periods actual activity as a starting point. You can easily make changes to the budget with inputs such as head count changes/adjustments. After the budget has been developed it is used with the Advanced Reporting for comparing you actual postings to your budget.

Financial Management Overview Module

Ross ERP provides a central source of financial information that leverages data from across your enterprise and helps you manage your critical financial processes – from planning through decision-making. Incorporating proven industry practices, it provides the flexibility and functionality to manage even large, complex, or multinational enterprises in dynamic business environments. And it is tightly and seamlessly integrated with the other Ross solutions to streamline and automate manual processes and deliver the information you need to make informed business decisions across your global supply chain.

Fixed Assets Module

With the Fixed Assets module you can setup your assets and define the depreciation schedules for each one with General Ledger posting automatically created for depreciation.

General Ledger Module

With the General Ledger module you define the controls for management of financial activities within your organization. The Chart of Account structure is very flexible with the ability to define your Chart of Accounts for how you want to manage your business by defining the elements of your accounts with controls for posting and viewing by account or element. The Fiscal Calendar is controlled by you with 12 or 13 periods. Month End Close is an easy process with preview and control reports to assist you in your month end closing and reporting. As each transaction in each module occurs, an automatic posting to the General Ledger is made, and you can see these at any time in the General Ledger with the ability to view the source transaction. Budgets, with multiple versions can be maintained and can be reported to Actual Balances. Current period and year postings and balances can be viewed and compared.

Project Accounting Module

The Project Accounting module allows you to define projects with budgets. Within each project you can define various phases and sub-phases along with budgets for each as well. As transactions occur in various modules such as Purchase Orders or Invoice Entry automatically update the expenses compared to budget. At any time you can view actual expenses and commitments by project and phase as compared to the budget.

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