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| Software Solutions | EfroFinancials |
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Providing a Singular
view of your business - any time!
Making financial analysis easier and more accurate
than ever before, Efro-Financials
is a comprehensive system that provides complete
integration between different modules and gives
you the information needed to tighten control
over payables and receivables, improve cash
flow, and react to business cycles.
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Revolving around the General Ledger, Accounts Receivables and Accounts Payables, this powerful module combines recurring and adjustment entries and can collect data from other business applications!
Click on www.financials.com.pk to read more about this product, its features and benefits.
The absence of computerized financial systems is a major constraint for today's finance managers to fulfill reliable and real-time reporting needs of the top management. Human errors, high amount of reconciliations, duplication of work and lesser productivity per individual are common problems associated with manual paper-based financial reporting systems.
Efro-Financials provides complete integration and gives you the information needed to tighten control over payables and receivables, improve cash flow, and react to business cycles. |
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EfroFinancials – General Ledger |
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Offering a customizable 7 - level chart of account, this powerful module combines recurring and adjustment entries, general journal entries, and collects data from the other business applications from EfroTech, resulting in a comprehensive database for all financial analysis. General Ledger maintains complete audit trails of all transactions and
gives you the ability to run monthly as well as interim financial statements for a real-time view of your financial status |
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- Chart of Account Setup
- Journal Entries
- General Ledger Inquiry
- Preliminary Year-End Close
- Recurring Journal Entries
- Posting Adjusting entries
- Detailed General Ledger Posting
- Historical Data
- On Demand Financial Reports
- Account Detail Drill Down
- Approval & authorizations
- Consolidated Financial Reports
- Inter-Company Transactions
- User-Defined Financial Formats
- Multiple Companies
- Supports Either a 12 Or 13 Period Year
- Automatic or Manual Posting
- Profit and Loss Statements
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| Efro-Financials - Accounts Receivables |
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Proper management of Accounts Receivable has a positive impact on cash flow and reduces bad debt. With Efro-Financials Accounts Receivables (AR) module, complete customer information including; Open invoices, payment history, check history, credit information, open orders and sales history are available at the touch of a key. The AR module also provides an up-to-date receivables aging analysis, customer balances statements, option for setting up finance charges and a flexible cash receipts program to allow users to easily post cash to customer accounts, enter adjustments and track returned checks.
Users can split payments across multiple accounts, apply payments and credit notes to specific invoices, record overpayments, track write-offs etc. Conditional emails can be sent to credit managers, when returned checks are entered. AR module integrates with Sales/Exports, Order Processing, Human Resources and Materials Management. |
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AR - Core Features |
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- Customer Setups
- Credit type setups
- Cash Receipts
- Customized Aging setups
- On-line Credit Check
- Customer Inquiry
- Finance Charges
- Multiple Company
- Multiple Bank Accounts
- Credit and Collection Processing
- Detailed Invoice History
- Customized AR Statements
- Payment Tracking
- Direct Invoice Entry
- Invoice Adjustments
- Closing Dates
- Cash Flow Projection Report
- Split or Partial Payments
- Email and data export option
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| Efro-Financials - Accounts Payables |
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EfroTech's Accounts Payable (AP) module helps manage a company's expenditures. This application maintains complete vendor information, including unlimited contacts, e-mail addresses, purchase order address, NTN and other financial information. General Ledger accounts and pre-set distribution percentages, can be defined for each vendor. Powerful
inquiries provide instant access to vendor information including invoices, debit notes, credit notes and payments. A detailed log of open purchase orders as well as open accruals can also be viewed or printed on demand. Efro-Financials AP module provides necessary reconciliation of purchase orders, receipts and invoices, and conditional alerts in case of accounts payable invoice discrepancies. All transactions are posted to the General Ledger and include detail account drill-down capabilities to view specific transaction history. AP module integrates with Materials Management, Production Shop-Floor Control and Human Resources. |
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| AP - Core Features |
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- Vendor setups
- Purchase agreements/quota setup
- Automatic Reversals
- Inter-Company Payables
- Onetime Vendors
- Detailed History
- Purchase Transaction Journal
- Cash Disbursements Journal
- Customized Payment Terms
- Cash Requirements Report
- Payment Selection
- Multi-Currency
- Payment StatusCustomer Setups
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| Security and Integration |
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Efro-Financials comes with a comprehensive administration utility for assignment of access rights and user privileges to relevant system users. Access to data and reports in Efro-Financials can be secured by user ID, and users can choose to view saved reports on the screen or print them. In addition, System 2000's spreadsheet export option allows authorized users to move financial data to any spreadsheet program for greater report flexibility and analysis.
Efro-Financials can be integrated with any other proprietary systems or business application from EfroTech, including Time management & Payroll, Materials Management, Human Resources, Production Planning & Control, Exports management, to name a few. |
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