Custom Corporate Finance Software

• Automated calculation of revenue, expense, payroll, employee reimbursement amounts, depreciation, and other essential financial metrics.
• Automated creation, updating and approval of journal entries in the general ledger and subledgers on external and intercompany financial transactions, including multi-currency transactions.
• Automated financial data reconciliation.
• Template-based creation of financial reports: income statement, balance sheet, cash flow statement, and more.
• Automated invoicing.
• Automated tax filing under region-specific regulations.

Value: minimized manual tasks of accountants, increased accuracy in bookkeeping and financial reporting, ensured compliance with region- and industry-specific financial regulations.

• Consolidation of financial transactions across the enterprise, its branches and subsidiaries and recording them in the general ledger and subledgers.
• Automated entries to the predefined books or multiple books simultaneously.
• Multi-currency bookkeeping.
• Multi-location inventory accounting.
• Payroll and employee reimbursement management.
• Tax management.
• Scheduled and ad hoc payments to vendors, suppliers, employees, governmental entities, etc., via a predefined payment method or by direct deposit.
• Consolidated and country-specific financial reporting.

Value: time savings across multi-book financial close, full visibility into enterprise-wide accounting transactions, streamlined multi-entity accounting.

• Maintaining GL books for multiple company branches and subsidiaries, including those with different functional currencies, account structures, or accounting calendars.
• Real-time import of external and intercompany financial transactions from relevant sources.
• Configurable chart of accounts (COA), GL account segments, control accounts for subledgers, entity hierarchies, and more.
• Rule-based transaction classification and GL coding by account (asset, liability, revenue, expenses, etc.).
• Calculating and tracking total debit and credit amounts, GL balances (by period, account, COA dimension, etc.).
• Automated generation of closing entries (monthly, yearly).
• Customizable financial report templates.

Value: more accurate recording and reporting of financial transactions across multiple business entities, faster financial data consolidation and financial close.

• Automated invoice generation and submission to customers.
• Automated recording of customer invoice data in the A/R ledger.
• Calculation and real-time tracking of received, due and overdue amounts, DSO, total revenue by period, etc.
• Automated payment collection.
• Automated allocation of received payments to the relevant customer invoices.
• Prioritization rules for A/R collection.
• Scheduled customer reminders on due payments.
• Deduction validation and approval, applying relevant changes to invoices.

Value: cut in DSO and past-due receivables, faster and more accurate invoicing, eliminated manual errors across the order-to-cash cycle.

• Support for order-based, subscription, retainer, and other billing models.
• Automated calculation of due amounts.
• Automated invoice generation.
• Multi-department invoice approval.
• E-signing invoices.
• Automated invoice and submission to customers.
• Real-time invoice status tracking.
• Automated payment processing.
• Support of multiple payment methods, including bank transfers, wire transfers, ACH, credit cards.
• User-defined rules for payment retry in case of payment failure.
• Automated customer notifications on due and overdue payments, payment failure, upcoming payment card expiries, and more.
• A customer self-service portal.

Value: streamlined general-purpose and industry-specific billing, quick and accurate invoicing, faster receiving of payments, reduced revenue leakage.

• AI-powered analysis and optimization of product prices and pricing strategies.
• Automated price calculation based on a user-defined pricing strategy.
• User-defined price segmentation rules.
• Template-based price list creation.
• Real-time monitoring of competitors’ prices and stock availability across relevant public sources.
• AI-enabled dynamic pricing.

Value: faster price calculation and updating across selling channels, more competitive pricing, increased profit margin.

• Analytics-based estimation of direct and indirect costs (by cost objects and company-wide), including depreciation and amortization costs and property taxes.
• Template-based budget creation at the enterprise, department, project level.
• Tracking actual costs, committed costs, and variances.
• Automated allocation of estimated and actual costs by cost objects based on the predefined costing method (e.g., direct costing, ABC, multi-dimensional costing).
• AI-powered forecasting of cost performance.
• Cost and budget modeling and what-if analysis.

Value: streamlined cost estimation, allocation and forecasting, faster budgeting, decreased budget variance.

• Real-time revenue calculation and tracking by product, region, business entity, customer, etc.
• Rule-based contract revenue allocation.
• Automated revenue recognition according to the required accounting standards (ASC 606, IFRS 15, non-GAAP, etc.).
• Support of diverse revenue recognition methods, such as sales basis method, completed contract method, percentage-of-completion method, and more.
• Recurring/non-recurring, point in time/ over time revenue recognition.
• Comprehensive revenue analysis and forecasting.

Value: faster revenue close, simplified revenue recognition compliance, more precise revenue forecasting.

• Analytics-based pricing strategy planning.
• Automated price calculation for new products based on a user-defined pricing strategy.
• User-defined price segmentation rules.
• Template-based price list creation.
• Calculating optimal discount offerings for promo campaigns.
• Calculating optimal customer-specific prices under individual agreements.
• AI-powered price analysis and optimization.
• Real-time monitoring of competitors’ prices and stock availability across relevant public sources.
• AI-enabled dynamic pricing.
• Automated price updating across selling channels.

Value: faster price calculation and updating across selling channels, enhanced price performance visibility, more competitive pricing, increased profit margin.

• Real-time cash flow monitoring.
• Tracking cash balances across multiple bank and/or intercompany accounts (in case of an in-house bank), currencies, regions, entities, and more.
• Cash positioning based on the consolidated bank statement data.
• Automated reconciliation of cash transactions.
• Multi-currency cash pooling, POBO and COBO services, and multilateral netting via in-house banking.
• Scheduled/on-demand cash transfer between bank and/or intercompany accounts based on liquidity needs.
• Cash flow analysis and forecasting.

Value: streamlined cash management processes, improved planning and control of liquidity, decreased fees on the FX transactions and cross-bank cash transfers.

• Real-time monitoring of cash flow, liquidity, working capital, transactions on investment, financing, hedging activities across various asset classes.
• Automated cash positioning.
• Creating custom investment portfolio structures with multiple asset types.
• Automated calculation of capital gains and losses, accrued interest, duration, average daily balance, weighted yields, total return, etc.
• Managing scheduled and ad hoc payments to vendors, principal and interest payments on the existing liabilities.
• Calculating and monitoring liquidity and credit risks, exposures for FX and commodities.
• AI-powered analysis and forecasting of cash flow, gains and losses on investing and financing activities.
• Scenario modeling and what-if analysis for hedging strategies.

Value: streamlined management and enhanced visibility of investment and financing activities, cut in idle cash, reduced liquidity and credit risks.

• Aggregating historical financial data from relevant sources.
• Generating financial models from templates or building financial models with user-defined parameters and variables.
• AI recommendations on relevant financial data and parameters to include in a financial model.
• Automated calculation of user-defined parameters under various models.
• Real-time monitoring of financial model variance and notification of the areas of poor/superior model performance.
• AI-powered financial model data analysis, financial planning and forecasting.
• Scenario modeling and what-if analysis for financial models.
• Configurable financial model visualizations for various departments, customers, investors.
• Multi-entity financial modeling.
• Collaborative modeling.

Value: fast and accurate financial model creation and updating, streamlined financial planning and analysis, improved decision-making on strategic activities.