
Financial Management
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The success or failure of the Company is determined by its ability to conduct a profitable activity. The working in a global competitive environment and the need to comply with regulatory requirements means that one of the most serious problems facing the organization is the successful management of finances.
iScala system has been successfully implemented for thousands companies around the world. Financial management modules are General Ledger, Purchase Ledger, Sales Ledger, Asset Management Module, Petty Cash.
iScala financial modules are designed to automate and optimize the financial activity of the Company with using tools that support compliance with the laws of a country and provide work in the following areas:
• Accounts payable, invoices, loans and collection of funds.
• Accounts receivable, electronic money transfer, automatic payment orders processing.
• General Ledger, chart of Accounts and dimensions, cost allocation, consolidation, foreign currency accounts revaluation.
• System interface for cash flow management, bank accounts reconciliation required reports creation.
• Management of the following process: Salary calculation, fixed assets, and tax declaration preparation.
• Budget, forecast and plan preparation.
iScala financial management system provides financial transparency regardless of the size of the Company. The necessary reporting can be formed in the context of accounts, accounting measurements (dimensions) and other necessary analytics. Reporting can be setup for several companies, several currencies and even several countries. It is possible to extract and analyze consolidated reporting
As usual large companies with many subsidiaries and affiliates are trying to solve the issue of managing a holding company from several enterprises. We understand that management of poorly compatible among the reporting forms of enterprises which are often located in different countries is difficult task which contains both as a complex of problems as unique opportunities. This concern to issues of control, reduction of current expenses, performance of mutual settlements between units located in different countries, and consolidation of financial reports to provide a general picture of the holding as a whole. iScala financial management provides the possibility of reliable work with several objects (legal entities, production departments or warehouses) as well as processing of operations performed between them which matches to the requirements for the organization by parent company to solve such problems.
iScala system has been successfully implemented for thousands companies around the world. Financial management modules are General Ledger, Purchase Ledger, Sales Ledger, Asset Management Module, Petty Cash.
iScala financial modules are designed to automate and optimize the financial activity of the Company with using tools that support compliance with the laws of a country and provide work in the following areas:
• Accounts payable, invoices, loans and collection of funds.
• Accounts receivable, electronic money transfer, automatic payment orders processing.
• General Ledger, chart of Accounts and dimensions, cost allocation, consolidation, foreign currency accounts revaluation.
• System interface for cash flow management, bank accounts reconciliation required reports creation.
• Management of the following process: Salary calculation, fixed assets, and tax declaration preparation.
• Budget, forecast and plan preparation.
iScala financial management system provides financial transparency regardless of the size of the Company. The necessary reporting can be formed in the context of accounts, accounting measurements (dimensions) and other necessary analytics. Reporting can be setup for several companies, several currencies and even several countries. It is possible to extract and analyze consolidated reporting
As usual large companies with many subsidiaries and affiliates are trying to solve the issue of managing a holding company from several enterprises. We understand that management of poorly compatible among the reporting forms of enterprises which are often located in different countries is difficult task which contains both as a complex of problems as unique opportunities. This concern to issues of control, reduction of current expenses, performance of mutual settlements between units located in different countries, and consolidation of financial reports to provide a general picture of the holding as a whole. iScala financial management provides the possibility of reliable work with several objects (legal entities, production departments or warehouses) as well as processing of operations performed between them which matches to the requirements for the organization by parent company to solve such problems.