Finance Management ERP Software

Avail real-time, in-depth visibility of the budget.

Automation expense allocation & amortization enhances productivity. 

Manual billing processes given less time.

Dynamic calculation of allocations by using statistical accounts.

It becomes much easier to manage and track budgets using BCS Advanced Finance.

Budgets is to be entered on single screen for accounts or Copy Budgets features to be used to create rapidly entire budget based upon another budget, or actual together with down lift/uplift. Budgets can also be created in Excel form and then imported through CSV.

More than a single budget can be established and reported using Multiple Budgets feature for same criteria, like conservative budget scenario or typical budget.

BCS Advanced Financials offers Budget vs. Actual reports, Budget Income Statement for budget reporting, thereby allowing you to come up with customized budget reporting.

Entering expenses without requiring to assign them to specific locations, departments and classes and to allocate them later depending upon weighted formula is easier using BCS Advanced Financials. Allocation schedules are available to be utilized once or recur regularly.

Notification is provided as to when there needs to be processed active allocation schedules with Dashboard reminders. Journal entry can be created just with single click for all schedules after review completion. 

Enables budget vs. actual in real-time monitoring

Supports multiple budget management

Amortization schedules linked with jobs, bill credits and bills, etc.

Expense allocation by GL account location, department and class

Enables billing schedule assignment based upon sales-order line items

Establish flexible billing schedule

Non-monetary values stored in statistical accounts

Billing integration with sales commissions along with sales forecasts

Automation of expense amortization over time is enabled by Amortization schedules, while streamlining processes like prepaid expense amortization.

It is possible to link amortization schedules with jobs for amortization of expenses with regards to proportion to completion of job percentage. 

Effective management is offered by BCS Advanced Financials Billing Management with respect to revenue based billing process on a recurring basis including one time billing of customers or recurring basis, to manage different terms of payment as well as proration arrears.

Functionality of Integrated revenue recognition supported by BCS.

Billing schedules set up is made easy with BCS to accommodate several kinds of sales like billing plans based upon installments or the ones which require specific amount to make for initial payment.

It is possible to apply billing schedules to each item present in the sales order or the entire lot. It also supports instant billing schedule creation from sales or estimate order.

Integration of billing schedules to sales forecasts, thereby spreading future billings depending upon billing schedules during forecast revenue period.

Billing schedules have been tied to sales commissions with the combination of Incentive Management module, thereby ensuring billing schedules being taken into account for estimated commissions. 

Majority of the critical non-monetary related data like common shares, floor space and headcount helps to store value.

Provides allocation for financial activities automatically across business proportionately (for instance, corporate overhead expenditure allocated across departments depending upon rent expense allocation based upon square footage, headcount, etc.)

Perform multi-allocation schedules in given sequences.