- Dynamic tool for the setup of the chart of accounts, which allows many views of the chart of accounts, either in a consolidated form or on a per company basis.
- The correlation of companies within a group can be easily defined allowing the visualisation of the structure in tree-form All transactions in the ship owning company are reflected in the management company.
- Inter-company transactions either within the group or between different management companies are fully supported. As soon as source and destination companies are entered, the system credits and debits the predefined accounts and shows the user all automatic transactions that have been performed.
- Standard Financial reports (Balance Sheet, Profit & Loss) can be created for each level of the group structure from ship owning company up to the financing company and all related management companies.
Standard support of 3 currencies at all levels:
- Local currency.
- Operational currency.
- Transaction currency.
Accounts Payable
- Intelligent posting mechanism with automated validation of the correct posting code depending on entered data (e.g. supplier, product, budget category).
- Workflow based Invoice Clearance cycle that connects to the purchasing module makes the control of invoices more secure and auditable: delivery verification of quantity and quality can be recorded by the system before clearance for payment.
- Intercompany transactions can be automated if required.
- Routines for payment and bank remittances and remittances through agents.
- Intelligent posting mechanism with automated validation of the correct posting code depending on entered data (e.g. Vessel, voyage, budget category).
- All details arising from the Operations cycle (voyage details) are automatically linked to each invoice.
- Budget management allowing a three level cost-structure (Company, Budget Centre, Cost Centre).
- Fully linked with purchasing system. It automatically provides the Budget Centre category according to the requisition items. It also ensures that budget figures are not exceeded and provides user authorisation for reserving budget amount
- Budget follow up (expenditures against projected figures) throughout the financial period Variance between financial periods
- Definition of cash-related accounts within set-up of inter company structure.
- Follow up of cash-related transactions through all inter company accounts and immediate cash-flow analysis of the whole group (from ship to consolidated entity).
- Management data for multi-currency cash planning.
Cashier Management
- Payment approvals workflows.
- Payments execution.
- Bank Reconciliation.
- Ship Running costs.
- Cost Center Budget follow-up.
- Profit Loss.
- Balance Sheets.
Optional Addons
- Automated Invoice Processing Scan-OCR-Match-Forward in Payment workflow.
- Automated Payment Approvals with Digital Pens.
| < Prev |
|---|
