ERP Accounting Software is software that automates the tasks performed by finance department users, such as accounts clerks, accountants, or managers. It can either be installed on Cloud Servers or ERP on Cloud.

What is ERP Accounting?

ERP in accounting allows for accurate configuration and automated reporting of transactions.

ERP Accounting Software is mostly used by the Finance department to manage Corporate Finance & Treasury, Accounting and Reporting, and Financial Control.

Corporate Finance handles negotiations for raising long and short-term loans and restructuring of existing loans, creating and marketing debt instruments, and investor relations and statutory compliance.

Treasury management is the task of planning, organizing and controlling the funds flow to ensure adequate liquidity for the company, investment of surplus cash and meeting working capital requirements, and managing the relations with banks.

Accounting and Reporting involve accounting for transactions, summarizing them, posting to General Ledger, completing period end activities, and extracting key performance reports.

Financial Control setting up of cost standards, analyzing variances, tracking cost elements, and reporting the cost information for the internal stakeholders.

ERP Accounting System Features include transaction accounting and review, period-end adjustments and provisioning, period-end reconciliation, and month-end and year-end closure.

Time-saving, improved accuracy, cost reduction, easy tax filing, streamlined integration, scalability, and accessibility are the key benefits of ERP Accounting Software.