Integrated Financial Management
General ledger, receivables and payables, treasury and banking, budgeting, fixed assets, period close and financial statements on data shared with every department.
- Related software
- 5
- Related modules
- 12
- Key processes
- 3
About this solution
Finance as the result of operations, not re-entry
In MegaPardaz sales invoices, purchase receipts and payroll create accounting documents directly, so finance controls and analyses instead of typing.
- Chart of accounts, cost centers and analytical dimensions are defined once and used by every department.
Key challenges
Double data entry
Sales, purchase and payroll documents are keyed into accounting by hand.
Long period close
Reconciliation and corrections push the month-end close back by weeks.
Unclear liquidity
There is no timely view of bank, receivables and payables.
Budgets without control
Budgets are prepared but variance is not monitored.
The MegaPardaz approach
Documents from operations
Sales, purchasing and payroll generate accounting documents.
Treasury and banking
Receipts, payments and bank reconciliation.
Budget and control
Budgets by cost center and variance reporting.
Key processes
Period close
- Documents reviewed
- Bank reconciliation
- Depreciation
- Period closed
- Financial statements
Payment
- Supplier invoice
- Approval
- Treasury payment schedule
- Payment recorded
Budget
- Budget prepared
- Approval
- Costs recorded
- Variance report
A real-world scenario
Sales and purchase documents are already posted; finance runs bank reconciliation and depreciation, closes the period, and the financial statements and budget-variance report are on the CEO’s finance dashboard the same day.
Dashboards and reports
- Finance and liquidity dashboard
- Financial statements
- Budget versus actual
- Receivable and payable ageing
- Cost-center costs
Automation and workflow
Automatic documents
Sales, purchasing and payroll create accounting entries.
Due-date alerts
Due receipts and payments are notified.
Payment approval
Payments are approved by authority limits.
Cross-department integration
Finance and sales
Customer invoices in receivables and the ledger.
Finance and procurement
Supplier invoices in payables.
Finance and payroll
Payroll in documents and cost centers.
Security and access
- Segregation of entry, approval and payment duties
- Closed-period locking
- Audit trail for every document change
BI and AI
- Revenue and expense trend analysis
- Liquidity forecasting
- Detection of unusual transactions
Operational benefits
- Faster period close
- No double data entry
- Controlled payments
Management benefits
- A timely picture of liquidity
- Budget and variance control
- Reliable financial statements for decisions
Who it is for
- Finance teams in mid-size and large organizations
- Companies with many cost centers
- Groups needing consolidated financial reports
CFO: Controls liquidity, budget and period close.
See this solution on your organization’s real scenarios
We run a demo session based on your organization’s actual processes.
Request a DemoTalk to the MegaPardaz sales team about plans, deployment and pricing.
Contact Sales