Agresso Financials is a top-tier, global accounting system. It delivers a fully integrated range of functions, including:
General Ledger (GL)
Accounts Payable (AP) and Accounts Receivable (AR)
Comprehensive Budgeting, Asset Accounting, Cash Management Capabilities and other dedicated tools
As a core module in the Agresso Business World Enterprise Resource Planning (ERP) solution suite, it places effective financial management at the heart of your business systems and processes.
The module’s “multi-everything” (multi-company, multi-currency, multi-lingual) capabilities enable it to meet the needs of a huge range of customers – from the smaller or more specialized, through to the largest or most complex, national or international organizations.
Financials is ideal for organizations that constantly face internal and external demands for change and for those that need to go beyond simply meeting financial requirements to be in control of business data and drive value from it. These organizations typically need to:
Plan and respond to change and reorganization
Gain a better understanding of specific business areas (e.g. a more detailed analysis of pay costs)
Maximize the value delivered by assets
Carry out segmented reporting across new dimensions (e.g. for regulatory compliance such as IFRS)
As an integral part of the broader Agresso ERP solution, it not only gives the finance team broader visibility of the whole operation but also makes vital business information easily accessible – helping mangers and staff throughout the organization make better-informed decisions and perform their roles more effectively.
With Financials, Agresso customers can not only meet all their statutory accounting and reporting duties but are also much better placed to minimize risks, respond to change and seize opportunities.
Easier regulatory compliance
It helps CFOs (Chief Financial Officers) to overcome mounting regulatory pressures by enabling end-to-end compliance across a wide range of regulatory regimes. For example:
The Sarbanes-Oxley Act has placed considerable pressure on organizations to make the impact of unusual business events transparent.
International organizations have to reconcile the often competing requirements of different GAAP regimes.
IFRS has changed the way business entities report activity, so that it now reflects both line-of-business and geographical performance.
Agile response to change
The Agresso ERP solution is designed to be changed, developed and molded on the fly without costly programming or consultancy. So, for example, the Finance department can:
easily integrate newly acquired organizations – retaining structures locally, while allowing head office management to visualize information in the ways that work for them
OR
quickly implement account structure reorganizations without having to worry about rebuilding databases or other costly structural reworking – changes are carried out seamlessly throughout the system, according to the rules you set.
Better business visibility
Financials delivers fast and effective answers to queries, thanks to quick, easy access to information online, complete with comprehensive drill-down tools, allowing users to pinpoint variances.
Streamlined period end
The module’s automation of period-end tasks dramatically reduces reporting time to management and investors. The ability to have multiple open periods eliminates the need to force a close to continue transaction processing, ensuring that all accounts staff are working effectively.
Improved efficiency and productivity
The ease and speed of reporting means that managers can concentrate on running the business more effectively, as less staff time is required to produce standard reports.
Less time spent on manual processing (thanks to full integration, external transaction import routines and speedy keyboard entry of transactions, across standardized entry screens) also frees up staff to focus on more value-adding tasks.
A broader, integrated solution
The strengths of the Financials module are multiplied by its tight integration and two-way data exchange with the rest of the Agresso Enterprise Resource Planning (ERP) solution. For example:
Planner– integrates with:
Core Financials – common account and transaction posting rules and shared access to actuals
Fixed Assets/Asset Accounting – consolidated forecasts based on asset accounting depreciation schedules
Payroll data and pay rules for modeling staff costs
Use of actuals to model future plans
Procurement– enables the tracking of purchase costs from requisition to payment – full visibility of committed expenditure, from the earliest stage.
Project Costing and Billing– providing visibility of all project costs, wherever the source, including: expenses, assets, time, purchases, stock allocation, and adjustments. All types of project – internal, external, research, capital.
HR (Human Resources) and Payroll– payroll costs can be captured at a detailed level in payroll and summarized at the appropriate level in the GL for effective business analysis, with no need for time-consuming reconciliations.
