Financials

Solutions for International Finance

Designed for global companies of all sizes, QAD Financials supports your business with comprehensive controls, budgeting, analysis, and reporting tools. With built-in local languages and internationalization, it supports local business practices in more than 44 countries, including Brazil and China. QAD Cloud ERP supports IFRS and Multi-GAAP compliance for fast and accurate closing and reporting.

QAD Financials allow you to:
  • Support local business practices for 44 countries

  • Create Multi-GAAP and IFRS compliant reporting

  • Comply with Sarbanes-Oxley, J-SOX and similar regulations

  • Enforce segregation of duties

  • Automate general ledger allocations, including multi-level and recursive allocations

  • Adopt financial shared services business model

  • Support complex business structures for global multi-nationals

  • Perform consolidations even when using multiple charts of accounts or different accounting calendars

  • Analyze and report against budgets

  • Use standard, actual or periodic cost accounting methods

  • Utilize daybooks and alternate charts of accounts, and use multiple category and analysis codes by account

  • Make electronic payments

  • Convert currency and report in any and all currencies

  • Calculate realized and unrealized gain or loss on currency

  • Select local language by user

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Address complex regulatory and reporting requirements, and strict segregation of duties and controls.

Financials
  • Multi-GAAP and IFRS compliance
  • Follow the appropriate accounting rules set by the applicable national governing body for each region or division of your enterprise.
  • Financial Shared Services
  • Centralize the roll out of corporate-wide standards, providing economies of scale and ensuring consistency.

  • General Ledger
  • Simplify your global international reporting across all divisions and regions, and track all financial transactions in any currency.
  • Consolidations
  • Combine the financial records for a number of entities within your organization into one consolidated set of financial statements.

  • Allocations
  • Simplify your cost and revenue distribution by automatically distributing amounts based on user-defined algorithms.
  • Budgeting
  • Use the current budget, actuals or anticipated budget amounts, and establish multiple budgets based on unique “what if” scenarios in any number of reports and analyses.

  • Accounts Receivable
  • Monitor customer balances, support credit management, produce statements and aging reports, and record customer payments, including electronic funds forwarding.
  • Credit Management
  • Improve your bottom line by reducing accounts receivable write-offs and operational costs.

  • Accounts Payable
  • Streamline the payables process from PO to supplier payments, manage supplier accounts, monitor outstanding payables and automate supplier payment processing.
  • Cost Accounting
  • Run simulations and analysis with multiple user-defined cost sets.

  • Banking / Cash Management
  • Automate the processing of payments using electronic banking, as well as electronic import and balancing of bank statements.
  • Enhanced Controls
  • Take comfort in strict enforcement of the authenticity, integrity, auditing and confidentiality of electronic records.

  • Financial Analysis
  • Better analyze and develop business plans, budgets, and track performance.
  • Fixed Assets
  • Reduce the time and costs associated with managing assets by providing a single point of entry and integration with QAD Financials.

  • Governance, Risk & Compliance
  • Stay compliant with regulations such as Sarbanes-Oxley (SOX) or the Japanese version, J-SOX.
  • Logistics Accounting
  • Track and monitor freight costs and financial transactions by accrual and recovery of freight charges for delayed or missing invoices.

  • Management Reporting
  • Generate periodic or ad hoc corporate and governmental reports required to analyze the state of the business.
  • Multi-Currency
  • Conduct business and generate consolidated reporting in any currency.

  • Sales & Use Tax Connector
  • Automate U.S. and Canadian sales-use tax compliance, and automatically prepare sales/use tax returns.
  • Tax Management
  • Do tax calculations and taxes for multiple countries in the same database, eliminating the need for regional tax systems.

Internationalization
  • Internationalization
  • Simplify your local, country-specific business practices, regulatory compliance and reporting requirements.
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Flexible Financials to Match Your Business

Mergers, acquisitions, consolidations, divestitures, expansions — wherever you take your business, QAD helps you extend your standard processes, share data and services and manage any number of financial entities all over the world.

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