![]() Track the value of depreciating fixed assets in real-time. Manage payroll, employee benefits, certification and licensing tracking, and applicant tracking. Track outstanding and paid invoices.Ĭreate financial statements for internal or external use. Main modules include general ledger, accounts payable (AP), and accounts receivable (AR).Ĭreate and send invoices and bills for products and services rendered. Revenue, profitability, and expense tracking. Key Features of Financial Management Systems Feature Financial management software helps you create a system to find the data you need without switching between different workflows. Larger businesses benefit from ERP integrations which streamline business functions all from one shared system. ![]() ![]() ![]() These systems also have some human resources management, inventory control, and billing and invoicing functionality.įinancial management solutions are often an important part of a complete enterprise resource planning (ERP) system. Commonly referred to as a subset of accounting software, these management systems go beyond simple bookkeeping to help businesses make better spending decisions, create accurate financial reports, and manage assets through advanced automation. Financial management systems help businesses track income and expenses and plan for growth. ![]()
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