PrismERP - Financial Management System

Document, evaluate & prepare accredited & regulatory compliment financial statements through the extensive FInancial Accounting system of PrismERP. PrismFMS saves time & money both in financial accounting by automating accounting & streamlining the human data input process. It also enhances cash management, eliminates cash issues, & simplifies difficult account payable & account receivable activities. This financial solution provides a 360 degree perspective of the entire enterprise.

To keep track of costs and all the relevant expenses with better visibility of each financial corner of the organization which makes it easier to track the expenses. Cost Center is not directly related to profit but still costs the organization’s money to run, such as accounting, finance, and procurement functions through the financial management system. This module of PrismFMS enhances the accountability of financial management.

With PrismERP Treasury management, an organization can easily make a proper planning for their every payable, receivable, investments, can count liquidity related risks, they will also have proper information about available funds & can observe the evolution of current funds, & can also make sure the best utilization of their resources.

A complete & dynamic application which tracks all assets for any type of industries to ensure proper management of fixed assets as per international standard of IAS 16 and IAS 38. Enterprise asset management of PrismERP optimizes the quality and efficiency of organizations assets throughout their lifespan, resulting in increased productivity and lower operating costs.

Provides the ability to set a proper plan of where a company is spending money right now, where they can invest in the future for better profitability and where they can make improvements based on their effective budget. Budgeting identifies possible issue areas in which revenue may not be sufficient to meet expenditures and solve them with a dynamic solution.

Depending on the level of business all the related financial transactions, sale or purchase orders can be conducted in an automated way. Accordingly, account balance calculation and relevant statements can be generated in multiple currencies through the multi currency module of PrismERP financial management system. It makes stronger relationships with customers and suppliers both.

Maintain all documentation and work procedure related to export and import letter of credits which includes calculation of accurate landing cost as well as record of expenses such as freight forwarder cost, shipping cost, customs cost, agency cost (in case of hiring an agency to deliver the material), labor cost, warehouse cost etc from inception to completion of a consignment.

Maintain complete loan lifecycle from opening to closing and keep track of all installment schedules with an effective loan management system which through automation reduces many organizational risk generated from manual loan management.

Keep record of the receipt vouchers and the money receipt in the application for tracking and reporting as a proof of financial transactions similar to the procedure of payment and providing a manual money receipt to the customer during payment. Receipt books show the summary of transactions statistics.

Bill/Expense Claim is made when employees make expenses out of their pocket on behalf of the company. For example, if they visit a customer premises and want to make a claim on the transportation expenses. The claim can be made through the employees own self service portal (ESS Portal). They can see the claims they have made and the status of those claims.

Configure card receipt machines and bank wise policies and take payment from customers via card machines. All charges applicable will be automatically calculated based on the policies and appropriate general ledger is always kept updated. Based on the automatic calculation, PrismFMS saves the organization time and money both.

Cheque book management provides the ability to print and track all cheques easily and maintain the status of each individual check from issued to bank until clearing.