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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.
In our fast-paced business environment, the ability to generate prebuilt reports as well as easily create ad-hoc outputs, isn’t just something that’s nice to have—it’s a critical requirement for financial management systems software. Add in requirements for in-depth data analysis, information visualization, more operational visibility, and narrative reports, and companies quickly discover that their ERP software solutions need to easily work with advanced reporting systems like enterprise performance management.
Designed for managing research and development finance data and workflows. FMS software has the flexibility to evolve with new advances technology.
Features for accurate tracking and process optimization
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Enterprise resource planning (ERP) is an integrated suite of business management software designed to address the broad range of functionality needed by a business. Financial applications – such as accounting, reporting, and treasury management – are a key part of an ERP suite and a good place to start if you’re looking to better manage your finance processes.
Revenue management seeks to increase revenue by accurately predicting demand and consumer behavior – and then optimizing products, pricing, promotion, and placement (distribution) to achieve the best possible financial results.
Generally speaking, an accounting system is the mechanism used to keep track of the money flowing into and out of a business. Often, the term refers to a set of software applications that tracks financial activities. Basic accounting system functions or ERP finance software modules include general ledger, accounts payable, and accounts receivable. Optional functions include payroll, cash management, credit and collections, and others.
Expense reporting is a form that tracks and accounts for business spending. Most typically, an employee performing duties away from company premises will be expected to report all expenses incurred during that activity – such as transportation, lodging, and meals. Expenses are either paid directly from company funds or paid by the individual and reported for reimbursement.
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| Module Tracking | Basic AED 140/User/yearly
AED 183/user/monthly | Premium AED 190/user/yearly
AED 290/user/monthly |
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