Finance Management ERP System | Financial Software (2024)

The perfectly tailored Financial and Accounting Software for manufacturers and distributors.

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Financial Management

The Manufacturing industry has seen many changes since its inception. While economies of scale provide many opportunities for manufacturers, the need for information technology has grown greatly. Software applications to manage manufacturers’ operations, financial demands, and customer relationships are critical. Rexo ERP provides the tools to effectively manage day-to-day operations, control printing, and produce reports needed to effectively go about business operations.

Rexo ERP is an innovative, Web-based ERP that helps you control your company’s finances. Rexo ERP is easy to use, cost-effective, and highly accurate. The financial aspects of the product are fully customizable to your unique company.

Rexo ERP has been proven to be a one-stop solution for all financial and accounting needs of manufacturers. Effortlessly manage distribution rules, budgets, profit center, banking, exchange date references, profit reports, posting templates, and more. Its robust framework frees you of complexities like manual data entry, poor data access, and disconnected data, ensuring smooth work-flow.

Finance Management ERP System | Financial Software (1)

Why RexoERP for your financial needs?

  • Integrated and Consolidated Financials
  • Real-time accounting metrics
  • Task automation
  • Role-based dashboards
  • Forecast cash flow management
  • Drag and relate data
  • Accelerated financial closing
  • Accurate and Compliant financial reporting

Solve complex financial accounting issues with RexoERP. Combat challenges like

  • Revenue, liability and expense recognition
  • Fraud and earnings management
  • Ambiguity in ROI calculation
  • Cost estimation and profitability calculation
  • Accuracy in Compliance Procedures
  • Poor access to real-time, consolidated financial data
  • Integration between financial functions and manufacturing operations
  • Manual data entry

Finance Management ERP System | Financial Software (2)

Why Rexo ERP if your one-stop solution

Process that guarantees high productivity and profitability for your solution.

Let's Start Project

01

Better financial accounting management

Ensure streamlined financial and back-office operations with a complete set of tools that help close drive more profitable decisions through timely and accurate insights thus, helping you close with confidence.

02

Enhanced financial management

Connected financial operations help you speed up transactions and improve overall cash flow.

03

Simplified Banking

Various flexible options and facilities help accelerate expedite processes and tedious banking operations.

04

Efficient Controlling

Monitor and manage cash flow while accurately handling job costs and controlling budgets.

05

Fixed Asset Management

The virtual function helps you track fixed assets without the requirement of repetitive manual data entry.

06

Reporting and Analysis

Real-time insights and data that help you prepare standard or customized reports.

07

Easy accounting

From journal entries to receivables, payables and much more, you can automate accounting processes to ease work-flow.

08

All-time data access

You can access real-time data and consolidated financial data and integrate financial functions data with manufacturing functions data to remove disconnected data and other data-related issues.

09

Informed decisions

Recognize revenues, expenses, and liabilities and effectively calculate ROI along with cost estimation and earnings management.

Delivering game-changing financial and accounting management functionalities

Fortune 100 companies and established brands trust our enterprise software development.

Distribution Rules

You can easily allocate cost accounts or revenue to the corresponding distribution rule.

Banking

Monitor and track all banking processes and activities such as cash receipts, advance, deposits, account reconciliation, payments, and much more.

Budget

Easily manage the budget in any currency against GL account, summarize reports, get over budget alerts, compare actual vs planned figures, and more.

Exchange rate differences

Choose appropriate correction transactions by periodically evaluating in foreign currency and identifying differences.

Tax engine

Highly configurable with the user-friendly interface, get patented system address complex tax requirements.

Chart of accounts

Use locally compliant templates to create and manage charts of accounts of any country.

Posting templates and recurring postings

Define general ledger account templates and postings for regular execution. Specify frequency with reminders to post transactions.

Journal entries and journal vouchers

The system will automatically post and create entries and allocate transactions to the project or profit centre while verifying and correcting posting before they are entered into the general ledger.

Profit Center and Report

The chart of accounts can simplify the allocation of cost and revenue to pre-designated profit centre while you can run a profit and loss statement with the help of real-time insights for any profit centre and compare with previous periods.

Reversing journals

Automatically reverse month-end accruals and specify different reversing date for each posting if needed.

Let's Get In Touch!

Request a Demo? We'd love to show our ERP to you.

Finance Management ERP System | Financial Software (3)

P101, Metro Tower, Indore(MP), INDIA, Pin - 452010

+(91) 704-757-5000

[email protected] Get directions on the map

Finance Management ERP System | Financial Software (2024)

FAQs

What is ERP financial software? ›

Enterprise resource planning (ERP) is a software system that helps you run your entire business, supporting automation and processes in finance, human resources, manufacturing, supply chain, services, procurement, and more.

What is the best software for financial management? ›

Top Financial Management Tools
  1. Xero (Accounting Software) ...
  2. Expensify (Expense Tracking) ...
  3. PlanGuru (Budgeting) ...
  4. Approve.com (Spend Management) ...
  5. FreshBooks (Billing and Payment Processing) ...
  6. BrightPay (Payroll Management) ...
  7. Gusto (Tax Preparation) ...
  8. SOS Inventory (Inventory Tracking)

What are the three 3 key functions of financial management software? ›

Financial management system definition

Streamline invoicing and bill collection. Optimise daily, monthly, and yearly cash flow. Maintain audit trails and comply with accounting regulations.

What is FMS accounting software? ›

A financial management system (FMS) is the software and processes a company uses to manage its income, expenses, and assets. Companies use an FMS to: Keep financial records up to date.

Is QuickBooks a ERP software? ›

The standard version of QuickBooks Online is not an ERP system. However, it does also have a lot of crossover functions with ERP software.

What's the difference between ERP software and Financials software? ›

The key difference between these two systems is that an ERP system covers many aspects of company operations, while accounting software focuses solely on financial management. As a result, accounting software tends to be less expensive than ERP software.

Which software is mostly used in finance? ›

QuickBooks

QuickBooks is a standard comprehensive financial management tool geared towards small and medium businesses and accountants. It helps you with bank reconciliation, invoices, tracking expenses, payroll, and advanced reporting.

What are the 3 types of financial management? ›

What Are the Three Types of Financial Management?
  • Capital budgeting. Relates to identifying what needs to happen financially for the company to achieve its short- and long-term goals. ...
  • Capital structure. Determine how to pay for operations and/or growth. ...
  • Working capital management.
Sep 4, 2023

What finance software do companies use? ›

Large companies require robust accounting software solutions that can handle their complex financial operations. SAP S/4HANA, Oracle Financials Cloud, Microsoft Dynamics 365 Finance, and NetSuite Financial Management are some popular choices among large enterprises.

What is the difference between finance and financial management? ›

Explanation: Business finance deals primarily with rising administering and disbursing funds by privately owned business units operating in non-financial fields of industry whereas Financial management involves planning, organizing, and controlling the financial activities of an organization.

What are the four 4 functions of financial management? ›

Most financial management plans will break them down into four elements commonly recognised in financial management. These four elements are planning, controlling, organising & directing, and decision making.

What are three major activities of a finance manager? ›

The three basic functions of a finance manager are as follows:
  • Investment decisions.
  • Financial decisions.
  • Dividend decisions.

Is FMS an ERP? ›

Financial management software can be part of a company's enterprise resource planning (ERP) system, which consolidates financial and operational data and provides teams with a comprehensive view into the business.

How good is FMS for finance? ›

For finance and Deloitte, BCG, Accenture Strategy, Amazon, Snapdeal among other domain 4) 100% of students got internship across TAS, Philips, ITC, RB, Pepsico, Deloitte, Airtel, HSBC, GSK, Co... FMS provides the best ROI in the country.

What is FMS in finance? ›

A financial management system (FMS) is the software and processes an organization uses to manage assets, income and expenses. An FMS performs various functions: reducing accounting errors, maintaining audit trails and ensuring compliance with applicable accounting standards. Top Strategic Technology Trends for Finance.

What is an example of ERP software? ›

Leading Examples of Enterprise Resource (ERP) Systems

SAP ERP – Best for businesses with complex workflows. Oracle ERP Cloud – Best for large organizations with comprehensive business needs. Microsoft Dynamics 365 – Best for optimizing core business processes.

Is Microsoft an ERP software? ›

Get your free copy of The Last Mile of Microsoft: Payables Transformation Strategies! Microsoft offers several ERP solutions to manage finance and accounting, supply chain, manufacturing, and other functional business processes with a single integrated database.

What are the three common types of ERP? ›

The three most common types of ERP are on-premises, cloud-based, and hybrid ERP. An on-premises ERP system is run on-location on a company's servers, while cloud-based ERP operates on a third-party, remote server.

What is ERP system in banking? ›

Before we get down to the nitty-gritty, let's first explain what ERP stands for. Enterprise Resource Planning, or simply ERP, is software that allows organizations and businesses to perform their core banking operations faster and more easily.

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