Surprising features of ERP in financial industry

1. Surprising features of ERP in financial industry Nowadays SMBs mainly financial service companies completely rely on flexible yet modern ERP systems to ensure susceptibility with operations, transparency and government regulations. A qualitative ERP finance module is highly integrated with the other major functional modules of manufacturing, shipping, receiving and more. In addition to this, the ERP financial module consists of standard accounting records including balance sheet and ledger, generates financial reports and handles related transactions such as invoicing and expense reporting. In a dynamic ERP for pharmaceutical industry, the information related to transactions generated by these departments can be easily available on dashboard through real time. The financial module of ERP system shares the core data with the other modules such as purchasing, production planning, crm and more. When the transaction in one of these other modules has some financial impact or must be recorded in the accounting system, it usually triggers an action or transfers of the data in the ERP finance module.

2. ERP features and functions in financial service industry: Client database: It allows users to access and store all the essential information related to the clients for instance, their credits and financial reports. Integration with the other systems: This feature helps to manage the interactions between enterprises and external applications, online financial dashboards, mail calendars notes etc. Billing management and invoicing system: The feature helps to automate all the financial procedures, eliminate the chance of errors, hence provide the bills asap to the clients with the speedy payment processes. Financial accounting system: This module is specially designed to reduce the paperwork, and helps streamline the financial planning process, hence simplify all the financial operations. Payment management system: This module is one of the finest modules of an ERP system. It makes it easy for the clients to run their own businesses by accepting a massive variety of payment options. Also, it helps to receive more effective payment acceptance with full security. Fixed asset management system: It allows tracking of depreciating and non-depreciating financial company assets, thus provide workers with comprehensive reports about valuation, assets and depreciation. Probiz ERP always focuses on giving personal attention to its every customer. Our advanced pharmaceutical ERP software is fully dedicated to streamline the business operations while cutting down various operational costs. For more such information, click on www.probizerp.com