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Financials

Financials
Financial Analysis
Management Reporting
Multi-GAAP
Budgeting
Governance, Risk & Compliance
Consolidations
Allocations
Financial Shared Services
Credit Management
Tax Management
General Ledger
Multi Currency
Accounts Receivable
Accounts Payable
Banking / Cash Management
Cost Management
Fixed Assets
Enhanced Controls
Logistics Accounting
Sales & Use Tax Connector

The QAD Enterprise Applications financials suite is available in two editions, Enterprise Financials and Standard Financials. Both editions provide comprehensive controls and capabilities needed to support global financial reporting and disclosure. With these processes built into the software, manufacturers can focus on their business, not their software.

QAD Standard Financials solution is a seamlessly integrated financial solution that addresses the typical needs of globally operated manufacturing companies. It allows manufacturers to gain important benefits by streamlining financial processes from planning, to recording, to reporting, and complying.

QAD Enterprise Financials addresses more complex regulatory requirements, stricter segregation of duties, and more controls as required by larger, more complex enterprises. Enterprise Financials includes sophisticated budget modeling capabilities, advanced reporting, multiple reporting layers that simplify complex Multi-GAAP reporting requirements and enhanced audit capabilities.

  • Drive efficient processes: Supports both shared services and local autonomy
  • Streamline regulatory reporting: Built in support for compliance requirements
  • Increase efficiency: Includes eliminations, consolidations and GL allocations
  • Improve visibility: Provides insight into operations around the world

Financials Highlights

Financial Analysis: Provides powerful financial analysis to determine the overall state of the business. It ensures that everyone from C-level executives to line-of-business managers has the best information available to make critical business decisions confidently.

Management Reporting: Provides a powerful tool to generate daily, monthly, quarterly and annual corporate and governmental reports. The extensive reporting features provide maximum flexibility and operational efficiency.

Multi-GAAP: Supports both U.S. GAAP and IFRS, the need for simple yet powerful financial applications increases. Supports adherence to local and regional reporting requirements simultaneously in many jurisdictions, and the ability to transact and report in any currency.

Budgeting: Features a powerful set of budgeting and modeling tools, allowing planning for multiple companies, and multiple level budget roll-ups, with drill down for detailed analysis.

Governance, Risk & Compliance: Provides tools and controls to help companies comply with regulations such as Sarbanes-Oxley (SOX) or the Japanese version, J-SOX.

Consolidations: Automates financial consolidations and eliminations across enterprises, even when entities use different charts of accounts, fiscal periods and currencies. Multiple consolidation views allow for simulated financials, proportional consolidations, in both summary and detail. Automatic eliminations reduce the need for manual journal entries.

Allocations: Simplifies cost and revenue distribution by automatically distributing amounts based on user-defined algorithms and allows for multi-level and recursive allocations.

Financial Shared Services: Promotes centralization and rollout of corporate wide standards, providing economies of scale and ensuring consistency.

Credit Management: Ensures visibility of credit issues and supports customer credit checking across the entire global enterprise, ensuring that local orders or shipments don’t exceed corporate credit limits even if within local limits, and provides critical and timely monitoring of overdue payments and customer balance.

Tax Management: Supports tax calculations, complex tax environments, and taxes for multiple countries in the same database, eliminating the need for regional tax systems

General Ledger: Multiple-layered model supports multiple sets of books to simplify global international reporting across all divisions and regions, and tracks all financial transactions in any currency.

Multi-currency: Allows the organization to conduct business in any currency and generate consolidated reporting in any currency. Dual Base Currency allows transactions to be stored in transaction currency, base or functional currency and in an additional base or statutory currency.

Accounts Receivable: Monitors customer balances, supports credit management, produces statements and aging reports, and records customer payments, including electronic funds forwarding.

Accounts Payable: Streamlines the payables process, manages supplier accounts, monitors outstanding payables, manages electronic fund transfers and automates the processing of payments to suppliers.

Banking/Cash Management: Provides for the efficient management of the organization’s cash flow. It automates the processing of payments using electronic banking, as well as electronic import and balancing of bank statements. Banking/Cash Management projects future cash positions, based on expected cash sources and cash uses.

Cost Management: Provides multiple user-defined cost sets and elements for simulations and analysis, supports cost by location, and supports multiple cost methods in parallel.

Fixed Assets: Supports asset tracking and depreciation calculation and reporting. Provides multiple advanced depreciation methods and multiple depreciation books for reporting and tax purposes.

Enhanced Controls: Provides strict enforcement of the authenticity, integrity, auditing and confidentiality of electronic records and supports eSignature.

Logistics Accounting: Allows users to track and monitor freight costs and financial transactions by accrual and recovery of freight charges for delayed or missing invoices, critical to costing items accurately when freight invoices may lag behind the material invoice.

Partner Products

Vertex Sales and Use Tax: Automates US and Canadian sales, use tax compliance, and automatically prepares sales/use tax returns in conjunction with QAD Sales and Use Tax Interface

Cforia Software Credit Collections and Deductions Automation: Delivers Lean Accounts Receivable including Credit, Collections, Deductions, Auto Cash Application, Customer Self-Service, AR Analytics, Cash Flow Forecasting and Interdepartmental Collaboration.

Transaction Watchdog: Provides critical control capabilities to identify money leaks in real time

ACOM Document Management: Forms design and business document delivery system that enables enterprises to create, manage and deliver complex business documents according to their business needs.

Billtrust CompleteBilling: Supports outsourced paper and electronic bill delivery for business-to-business billers.

M2M Advanced Costing Modules: Adds additional costing methods to QAD Enterprise Applications (SE), based on predefined or user-defined formulas that can automatically enable the most effective costing algorithms in different manufacturing environments.

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