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Solution · Integrated business and finance

Month end without reconciling and catching up

Business runs in one system and finance in another, so every month end means reconciling, adding missing documents and fixing differences. With ERP, finance and fixed assets on one platform, vouchers are created the moment business happens.

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  • Uses ERP · FD · FAM
  • Every product can be purchased on its own

Sound familiar?

The problems usually sit between departments

  • Double entry

    Business documents are re-entered in the finance system.

  • Painful month-end reconciliation

    Business and finance use different definitions and differences are checked one by one.

  • Assets out of sync

    Asset transfers and disposals are not posted in time.

  • Hard to allocate costs

    Freight, service and energy costs are scattered across systems.

How it connects

Transactions → Reporting, in one continuous flow

  1. 01 · ERP

    Transactions

    Shipments, purchase receipts, receipts and payments are handled in ERP.

  2. 02 · FD

    Automatic posting

    Business documents generate vouchers by rule.

  3. 03 · FAM

    Asset accounting

    Depreciation is calculated monthly and transfers and disposals are posted at the same time.

  4. 04 · FD

    Cost allocation

    With the related products enabled, freight, service and energy costs are allocated to cost centers.

  5. 05 · FD

    Reporting

    Once vouchers are reviewed and posted, financial statements are produced directly.

All steps share the same data
  • Customers and suppliers
  • Business documents
  • Asset cards
  • Accounts and vouchers

Results

What changes once the steps are connected

  • Enter it once

    Business data becomes financial data directly.

  • Faster close

    No more month-end rush to add documents and reconcile.

  • Accurate assets

    Depreciation and disposals are calculated automatically.

  • Traceable

    Every voucher traces back to its business document.

Getting started

No need to do everything at once

  • Every product can be purchased on its own
  • Start with the step that hurts most, then connect the rest
  • Products you add later use the data already in the system — no re-import

Products used

This solution is made up of these products

Start with one of them and connect the others later.

Sales, Purchasing & Inventory (ERP)Sales and purchasing · Receivables and payablesLearn more → Finance (FD)General ledger and vouchers · Financial statementsLearn more → Fixed Asset Management (FAM)Full asset lifecycle · Automatic depreciationLearn more →

Common in: Machining · Food · Automotive

Next step

See how Integrated business and finance would run in your plant

Tell us how you work today, and we will demo this combination against your own process.

Request a demo → Contact us