Financial Management

“Total Control Of Your Financials”



 

The General Ledger Module is a Fully-fledged Activity-Based Cost Accounting (ABC) System that has unlimited segments of Chart Of Accounts, Profit Centers, Customer Defined Analysis Code and Cost Centers. It is a Multi-company, Multi-branch and Multi-currency system. It complies with all the International Accounting Standards (IAS) in addition to Financial Reporting Standards (IFRS).

 

It has a fully-fledged built-in Customer / Vendor Sub-Ledger to manage all the transactions. The General Ledger Module has a powerful parameterization and a drill down facility starting from any Financial Statement Report till the transaction and its supporting documents. It has the capability to inquire and report in order to retrieve any information anytime.

 

Financial Management Functionalities:

  • Journal Vouchers Module
  • Preset Journal Vouchers Module
  • Budget Module
  • Account Reconciliation Module
  • Financial Reporting Module
  • Financial Structure Module
  • Activity/Cost (ABC) Structure Module
  • Customer/Vendor Sub-Ledger Module
  • Business Intelligence Reporting

Optimum Certificates
Why Optimum?
Product Specific
  • Online Real-time Financials
  • Budget Vs. Actual Reporting
  • Sub-ledger Financials
  • Accounts Reconciliation
  • Automated Journal Vouchers
  • Dynamic Reporting
Product General
  • Business Intelligence Reporting
  • In-Built Document Workflow
  • Bi-Lingual Arabic/English
  • Powerful Security Control
  • Fully Integrated ERP
Technologies
  • Internet / Intranet Based
  • Accessible Through Any Browser
  • ASP.NET & C# Development Tools
  • Microsoft SQL Database
  • Mobile Application

Functionalities 

 

Journal Vouchers Module is a fully-fledged Activity-based Cost accounting (ABC) system. Entries are posted according to Company, Branch, Profit Center, Cost Center, Analysis Cost, Customer or Vendor and Currency. Entries can be posted manually or as preset vouchers or called from prvious posted Journal Voucher (JV).

Also, entries are posted to GL automatically from Optimum ERP Systems or from any Customer Legacy Systems through Optimum Application Program Interface API. Once Entries are posted through Journal Vouchers all GL Statements, Customers Statement, Vendor Statements and the Financial Reports can be produced by a click of a mouse.

 

Journal Voucher Functionalities:

  • Journal Voucher (JV) Posting
  • Multiple Journal Voucher (JV) Posting
  • Daily Currency Rate Posting
  • Journal Voucher (JV) Cancellation
  • Journal Voucher Inquiry & Reporting
  • Currency Rate Inquiry & Reporting

Optimum Certificates
Why Optimum?
Product Specific
  • Recall Vouchers From GL
  • Recall Vouchers From Preset
  • Post Forward Value Date Vouchers
  • Post Back Dated Vouchers
  • Post With Budget Control
  • Call & Cancel To Reverse Vouchers
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Journal Voucher Input Form
  • Multiple Journal Voucher Input
  • Statement Of Account & JV Inquiry
  • Statement Of Account & JV Report
  • Business Intelligence
 

Preset Journal Vouchers (PJV) Module is a fully-fledged Activity-based Cost accounting (ABC) system; which allows users to set the repeatitive Journal Vouchers and call them whenever required. PJV Entries are posted according to Company, Branch, Profit Center, Cost Center, Analysis Cost, Customer or Vendor and Currency.

PJV  can be posted by customer or vendor with specific retention to be posted in a periodical basis i.e daily, monthly yearly etc. The posted preset vouchers will be available in an input mode in Journal Voucher Module in order to be verified and applied.

 

Preset Journal Voucher (PJV) Functionalities:

  • Preset Journal Voucher (PJV) Posting
  • Multiple Preset Journal Voucher (PJV) Posting
  • Preset Processing
  • Preset Journal Voucher (PJV) Cancellation
  • Preset Journal Voucher (PJV) Inquiry & Reporting

 

 

Optimum Certificates

Why Optimum?
Product Specific
  • Recall PV When Needed
  • Recall PV By Customer/Vendor
  • Recall PV By Date
  • Schedule PV By Date
  • Post With Budget Control
  • Reverse Vouchers
Product General
  • Business Intelligence Reporting
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Preset Journal Voucher Input Form
  • Preset Journal Voucher Processing Form
  • Business Intelligence
 

Budget Module  is a fully-fledged Activity-based Cost accounting (ABC) system. Entries are posted according to Company, Branch, Profit Center, Cost Center, Analysis Cost and Currency. Data entry of the budget is totally automated where automatic Input Form can be distributed to each unit and upon approval system will consolidate.

Also, Budget Module allow to call previous year budget and amend manually or modify by percentage. The budget can be utilized for reporting purpose only and can be utilized to control spending or both for controlling and reporting purpose.

 

Budgeting Module Functionalities:

  • Budget Posting
  • Budget Processing
  • Budget Amendment
  • Budget Inquiry & Reporting

 

Optimum Certificates

Why Optimum?
Product Specific
  • Cost Accounting Budget
  • Recall Budget
  • Modifying Budget by Percentage
  • Distributing Total Amount
  • Multiple Types Of Budget
  • Post Dated Budget
  • Reverse Budget
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Budget Input Form
  • Budget Processing Form
  • Budget Report & Inquiry
  • Business Intelligence
 

The Reconciliation Module will reconcile all ledger entries vs counter-parties entries whether the counterpart is a customer or a bank or even current account within the group. This has parametrized uploader system where you can map the reconciliation field required against the uploader file. It can accept any type of file be it text, excel, pdf ect.

The Reconciliation Module reconciles the transaction between the two files by reference and amount. Also, it will sum the amount for the same reference and compare them with same amount and same reference in the second file if match will reconcile.

 

Account Reconciliation Module Functionalities:

  • Reconciliation Setup
  • Counterparties Statement Upload
  • Reconciliation Processing
  • Reconciliation Inquiry & Reporting

 

Optimum Certificates

Why Optimum?
Product Specific
  • Ready Reconciliation Sheet
  • Automatic Reconciliation
  • Any Type Of Counter-party File
  • Adjustment In Un-reconciling
  • Unlimited Reconciliation Accounts
  • Reconciliation Inquiry Both side
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Reconciliation Upload Form
  • Reconciliation Processing Form
  • Reconciliation Report & Inquiry
  • Business Intelligence
 

The Financial Reporting Module compiles all the financial reports required as per the internal / external auditors and the management. The Module compiles all reports as per the requirement of the financial control and the accounting standard IAS and IFRS. The drill down facilities within the reports allows to reach till the individual transaction.

The Module has unlimited companies, has unlimited branches, has unlimited chart of account levels and has unlimited accounts with different currencies. The Financial Structure Module allow to open accounts through an application program interface (API).

 

Financial Reporting Module Functionalities:

  • Financial Statement
  • Income Statement
  • Cash flow Statement
  • Trial Balance Statement
  • Statement Of Account
  • Journal Vouchers 

 

Optimum Certificates

Why Optimum?
Product Specific
  • Reports As Per IFRS & IAS
  • Real-time Financial Reports
  • Drill-Down Facilities
  • Attached Supporting Document
  • Drill-Down To Sub-Ledgers
  • Assets Documents
  • Cost Accounting Reports
Product General
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Financial Statement Report
  • Income Statement Report
  • ABC Reports
  • Business Intelligence
 

The Financial Structure Module allows to open one main chart of account to relate all accounts to it. Once the chart is open you can relate the same accounts to unlimited chart of accounts for the reporting purpose. The Module also allow to report the financial in different currencies than the base currency.

The Module has unlimited compnies, has unlimited branches, has unlimited chart of account levels and has unlimited accounts with different currencies. The Financial Structure Module allow to open accounts through an application program interface (API).

 

Financial Structure Module Functionalities:

  • Standard Chart
  • Multiple Chart
  • Account Profile
  • Currency Profile

 

Optimum Certificates

Why Optimum?
Product Specific
  • Multi-Chart Of Account
  • Multi-Currency Report
  • Unlimited Segment of Account
  • Unlimited Accounts
  • Unlimited Currencies
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Account Opening Form
  • Chart Of Account Form
  • Reports & inquiry Form
  • Business Intelligence
 

The Activity/Cost (ABC) Structure Module  allows to open multi-level structure for the activities and the projects, multi-level structure for cost center and Department, and multi-Level structure for account analysis. This Module will require to pass these three-activity based cost accounting items with each financial transaction in the Journal Voucher.

These three structures are available across the organization and can be linked to all the organization companies and branches to manage the activity based cost accounting reporting. Also, these three structure will be available in the budget system for budget.

 

Activity/Cost (ABC) Structure Module Functionalities:

  • Group Chart
  • Companies Chart
  • Branches Chart
  • Activity/Project Chart
  • Cost Center/Department Chart
  • Account Analysis Chart

 

Optimum Certificates

Why Optimum?
Product Specific
  • Multi-Company
  • Multi-Branch
  • Multi-Activity/Project
  • Multi-Cost Center/Department
  • Multi-Account Analysis
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Activity Opening Form
  • Cost Center Opening Form
  • Reports & Inquiry Form
  • Business Intelligence
 

The Customer/Vendor Sub-Ledger Module  allow to open unlimited customer and vendor accounts and categorize them based in organization needs i.e by country, by type, by product etc. All these accounts should be linked to control accounts in chart of account. The Customer/Vendor Sub-Ledger Module will allow to open.

This Module allows to produce reports and control the processes according to the customer/Vendor exposure i.e country, currency, category ect. It allow to add a preset Journal Vouchers against each customer/Vendor account to manage the periodical accounting.

 

Customer/Vendor Sub-Ledger Module Functionalities:

  • Customer/Vendor Categories
  • Customer/Vendor Profiles
  • Customer/Vendor Accounts

 

Optimum Certificates

Why Optimum?
Product Specific
  • Multi-Level Categorization
  • Unlimited Customer/Vendor Profile
  • Unlimited Customer/Vendor Accounts
  • Exposure by Customer/Vendor Profile
  • Exposure by Customer/Vendor Account
Product General
  • Supports Document Attachment
  • In-Built Approval Workflow
  • Posting Alerts (Emails,SMS.)
  • Powerful Security Control
Sample Screens
  • Customer/Vendor Opening Form
  • Customer Vendor Categorization Form
  • Vendors/Customers Listing Reports
  • Business Intelligence