Maintain healthy, strong relationships with customers while efficiently managing their credit limits through a platform that has complete oversight over all outstanding balances, ensuring specific needs are met.
Extensive visibility and control over the financial relationship with suppliers enabling organizations to drive down unnecessary costs through adoption of best business practices with the ability to manage the entire purchasing process.
Managing and tracking customer credit limits made easier with alerting thresholds setups to notify customers and sales teams when customer credit limits are approaching. Late payment charges can also be configured to be automatically posted to the customer account.
Automatic Journal Entries
Set recurring journal entries to post at set intervals. These journal entries include accruals, prepayments, adjustments and reversals. The automatic posting of required entries at pre-specified times ensures improved accuracy and convenience.
Customize Tax Structures
Tax structures can be defined within the system which can be applied whenever required. The tax structures can be applied for customer groups to associate the required structure with customers in that region. This enables organizations to transact across multiple locations via a single platform.
Manage Petty Cash
Easily manage spending and replenishment of petty cash. Workflow rules can be set to control the petty cash management while providing flexibility for the organization to manage its daily operations.
Consolidate Financial Statements
Large organizations with global operations need to have a consolidated view of all its subsidiaries financial statement. Entution facilitates this consolidation by addressing each statement item individually and then mapping them under the specific classifications.
Manage Fixed Assets
Entution provides the platform to manage fixed assets which enables recording of multiple parameters of a fixed asset and defining the depreciation policy. This includes the useful life and the salvage value and helps decide when to dispose the asset or buy a new one.
Create Comprehensive Budgets
Entution provides a total budgeting facility for the organization to plan their financial strategy. Actual results can be mapped against the budget to identify variances and evaluate the financial performance of individual units as well as the organization as a whole.
Generate Financial Reports
Organizational financial reports can be generated via Entution at any point of time for any desired financial period. Templates can be created and saved for the generation of statutory statements and custom designed statements. This provides greater management insight into the organization’s financial performance.