Finance Resource Management Module

Understanding eresource Finance Resource Management Module

The eresource Finance Resource Management Module is an integrated Financial and Planning system comprising of Wide arrays of configuration..  The eresource Finance Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.

The real-time functionality of the eresource Finance modules allows for better decision-making and strategic planning. 

The eresource FRM accounting functionality supports the following three essential components:

Financial Accounting

Financial Planning and Control

Executive Information System

1.  eresource Finance Module at a Glance

• Automated maintenance of all complex system of financial management and accounting, and reporting.
• Full-functional conducting of Ledger, all accounts and sub accounts of debtor and creditor, Main assets stocking
• Monitoring and management of settlement and other accounts in banks
• Cash-book settlement, calculation and payroll calculation
• Materials and Inventory stocking\
• Calculation of Taxes and other deductions to budget and non-budget funds;
• Deferrals calculation; concluding of the period on any date
• Accounting/Fiscal reporting on any date
• Automated contracting
• Calculation and registration of business trips
• Main Assets calculation and Management, including: Technical management of main assets; Maintenance and Equipment repair; Control of investment in main funds and asset sale; Extra charges and depreciation calculation, Investment in Assets Management (main assets)
• Automated online generation of all accounting entries and reports; - Keeping of business transaction logging, order logging, pay sheets and other logged documentation
• Multicurrency calculation with automated calculation of rate differences;
  Efficient notification on account status with any concrete supplier or customer for any date and arbitrary period, etc.;
• Accounts settlement system and issue of corresponding cash orders and prepayment report 
  turnover balance calculation, enterprise balance, same as all forms of accounting and tax reporting; -
  Reporting in compliance with International Accounting Standards & IFRS - International Financial Reporting Standards for any date.
• Conduction of management stocking and Finance management, including: Calculation of Expenditures by location; Calculation of Expenditures by Orders; Calculation of Expenditures for each separate project; Calculation of Expenditures on production and service rendering;
• Profitability Control; Calculation of Profitability by location; Output book keeping;
• Short-term and long-term planning and money flow management; Control of expenditures for production and activities
• Profits/Lost Planning;
• Calculation of planned and actual cost of the product;
• Enterprise Efficiency Management on the basis of financial corporate indexes;- Stoking of complex budgeting system and consolidation of financial accounting;