A. Reliable Data The best business application in the world can't overcome inaccurate, incomplete or incorrectly classified data. With the Idalica Suite, you input customer, vendor, and transaction data only once. The Idalica Suite shares this information across all departments and users authorized to access the information. When you need to update this data, the Idalica Suite ensures that the information becomes available immediately through the entire application.
The Idalica Suite's intelligent architecture ensures that you are getting the most up-to-date information available whenever you need it. It also reduces the risk of "dirty data" that arises from human data entry errors and synchronization errors between separate information systems.
B. Standard and Customizable Financial Reports Generate standard financial and managerial reports including Balance Sheet, Profit and Loss, Statement of Cash Flows and many others. Additional reporting options include customizing reports with The Idalica Suite's internal report writer, data access using your choice of 3rd party report writers, or data exports for analysis in spreadsheet or OLAP tools. Reporting is possible across any user-defined dimension in addition to the following preconfigured dimensions:
Balance sheet organization
Transacting organization
Natural Account
Date & Time
Transaction
Accounting
Product
Product Category
Business Partner
Project
Marketing
Channel
Campaign
Location (Warehouse, Business Partner)
From
To
Activity (for activity based costing)
C. Comprehensive Financial Management The Idalica Suite offers comprehensive financial management capabilities. All functional elements of the Idalica Suite are global-ready, supporting the complexities of businesses that span multiple organizations, currencies, accounting schema, tax laws and languages. The Idalica Suite enables you to customize the system to meet your needs without risking violation of accepted accounting and tax rules.
D. Customer-specified Chart of Accounts At the heart of every financial accounting system is a chart of accounts. The Idalica Suite ships with several charts of accounts for you to use. It also provides a streamlined process for you to continue using your own chart of accounts.
E. Accounting Rule Enforcement The Idalica Suite strictly enforces base accounting rules to ensure balanced accounting entries and overall system integrity. An example of a base rule is that the system will reject an entry if the accounting date is in a closed period.
F. Tax Calculation and External Reporting Most tax entries are created by the transaction. The Idalica Suite calculates, manages and applies multiple taxes (e.g. GST/PST) as well as local tax. Tax rules create correcting tax entries for Sales Tax and VAT systems. The Idalica Suite automates the preparation of reporting to external tax agencies.
G. Banking Relationship Management The Idalica Suite automates the management of your banking relationships and accounts. The Idalica Suite supports the import and export of bank statements using OFX, IFX and SWIFT formats.
