The use of back office solutions automate business processes and strengthen financial transactions
Nowadays financial services companies completely rely on modern and sustainable ERP systems to ensure amenability with government regulations concerning data, operations and transparency. A qualitative ERP software system includes solid financial management software which is entirely integrated with the company’s major structural units of sales order management, shipping and receiving, and manufacturing. In dynamic ERP systems, the transactional information made up by these departments can be available for instantaneous review via real-time dashboard data and online queries. All these capabilities propose complete financial visibility into the company’s receivables and payables with state-of-the-art access to sales forecasts and inventory levels, allow companies to operate bookkeeping functions, obey the fluid regulations, facilitate communication with clients and staff, and position themselves for excessive profitableness.
ERP features and functions in financial services industry
Practically each company that operates in today’s quickly changing market should be ready to adapt itself to new technologies, methods of running business, more effective ways of communication with the customers and even possible challenges and problems. ERP software system is a product that can help the company stay always on top and better its working processes from day to day.
At Elinext Group, we process and customize ERP solutions with the following number of functions:
- Client database provides the user with the ability to gain and store all the necessary information about clients, their credit and financial reports in one place accessible to everybody.
- Financial accounting system is a special program that reduces paperwork and helps streamline financial planning process, simplify all the financial procedures and receive full financial visibility into manifold operations.
- Fixed asset management system allows easily and quickly control and track non-depreciating or depreciating financial company assets and provide the workers with comprehensive reports about valuation, assets and depreciation.
- Financial dashboards, reporting and analytics system helps monitor and operate your business financial performance utilizing real-time dashboards with expenses, key revenues and receivables metrics, optimize cash management and easily create various financial reports in accordance with the requirements of the company.
- Payment management system, first of all, makes it much easier for the clients to run their businesses by accepting a huge variety of payment command options. Moreover, it helps to receive more effective payment acceptance and get secure and full financial processing.
- Budgeting and forecasting module controls workflow management, multi-dimensional information collection, dynamic assumptions and formulas and full financial planning statements.
- Private team collaboration program allows to organize special discussion groups that manage permanent communication about financial planning and to generate collaborative online documents on diverse financial procedures.
- Modeling and administration system has an ability to budget in manifold world currencies, stores operational and financial metrics and accounts and operates various models for product planning and complex sales.
- Billing management and invoicing system helps to automate all the financial procedures, exclude the risk of errors, provide the clients with the bills as soon as possible and speed up payment processes.
- Integration with other systems helps to exchange information with any external applications, online financial dashboards, e-mail calendar notes, etc.
Benefits ERP can bring to financial services industry
Up-to-date ERP technologies automate daily business activities of your company and have a much more significant meaning than ordinary electronic data storage with basic customer information. With the help of ERP system in your business you are able to:
- Improve business performance
- Facilitate procure-to-pay and order-to-cash processes
- Cut out all possible errors and streamline financial procedures
- Certify financial reporting and adherence to comprehensive, controllable accounting
- Spend less time on data consolidation and more time on data analysis
- Gain strong fiscal control
Custom ERP for financial services industry from Elinext Group
Elinext Group always bases its work on the personal attention to every customer. The development of an ERP system in concordance with the functions of your company and its service or product supplies increases effectiveness and exaggerates the flow of potential clients. Moreover, in opposition to a standard solution, when ERP system is attributed to your accurate business goals, it serves to consolidate your sales and marketing efforts and plans.
Following the period of financial collapse, deregulation and the trend of increased consolidation and regulation, technological innovations are boosting the change rate for financial services companies. As organizations consider modern ways of running business, they should also account for the software technology solutions that can allow them be successful. Nowadays companies operating in the financial services industry are under intense examination to guarantee that their financial reporting is timely and accurate. Elinext Group comprehends the unique demands of financial services companies and is ready to provide its clients with full-blast ERP for financial services sector.
Take advantage of our services:
ERP Software Development is a unique process of creation the right solution for your business. Our staff has a unique ability to understand very quickly how the client wants to see its future software system and make his or her wishes come true together with the implementation of the most modern technologies.
ERP Customization is a special process vital for all types of businesses, and financial industry is not an exception. Every client needs a software solution which can be adapted to the way of running business without any difficulties. At Elinext Group, our professionals are ready to improve ERP system taking into consideration all business requirements.
ERP Software Testing is one of possibly required phases. Elinext Group is a company that possesses rich testing experience and huge knowledge base used for tracking, exploring and assessing the quality of the product and reporting about all kinds of failures.
ERP Implementation comes up when ERP system is ready and it is time to get it started. The experts of Elinext Group have great communication strategy and robust management skills that help them implement an ERP system in short time and money limits.
ERP Upgrade and Maintenance is not always necessarily used by the customer. But if your company has made a decision to enlarge the amount of special features and functions, then it is time to use the Elinext Group workers’ professionalism. Remember that we are at your service and are ready to provide you with technical support whenever it is needed.
Why ERP software from Elinext Group
Elinext Group is considered to be one of the most highly developed and extremely highly qualified companies in the world IT market. Having a 15-year working experience and a huge list of completely satisfied customers we are pretty happy to present you with a number of advantages in ERP system development for financial services companies:
- Worldwide offices location
- Perfect quality of all released products
- Highly skilled and experienced IT staff
- Reasonable prices for all products’ types and configurations
- Increased attention towards every client.
Take a chance to multiply your sales growth rate and improve communication with customers. To place an order for a customized ERP system development you need to take just a few ordinary steps.
You have a project
We work on the project
The project is ready
What is an Enterprise Resource Planning system for financial services industry?
An ERP system is a special program with lots of various modules that serves to operate your business effectively. This system allows consolidate billing, budgeting, forecasting, payment and human resources modules which override your business enormously.
What do I need to pay attention to before placing an order for ERP system development?
First of all, you should take into account the main strategies and goals of your business as the final version of ordered ERP system will be processed according to the priorities of your financial services business.
What are the advantages of developing and using ERP system in my business?
The list of benefits you can get from using ERP system in your business is quite huge and here we will mention just the most important of them:
Bottom line monitoring
Liquidity maintenance and profits maximization
Mitigation of all kinds of financial risks
Full automation of financial processes
Productivity and effectiveness increase
Completely automated and centralized financial services management system.
Do you implement QA services for ERP system?
Yes. Quality Assistance is a significant part of all our software development processes.
Can I be sure in the security of your software systems?
Absolutely! All the products of our company are equipped with the latest security features. Our professionals can offer you and your company diverse security levels depending on the software system standard and the amount of special functions and features it has.
Can there be any difficulties while installing and maintaining an ERP system?
Our IT professionals do their best to keep to a minimum the risks of various problems and impediments to emerge. So, if have any kind of challenge, don’t feel shy and contact us immediately and we will solve it as soon as we can.
Is there a possibility for my ERP system to be upgraded in case my business expands?
Yes, of course. ERP systems are permanently in motion together with your financial services company development. If there is such a necessity, our IT experts will perform all the indispensible modifications for your organization to work more effectively and properly.
If I have to leave my company for a while and go abroad how can I keep abreast of all the things happening in the office?
It is not a problem. If you always want to be in the picture and stay in touch with the colleagues, just download mobile ERP application. This program can help you operate all the processes going on in the company while you are away.
Is your company experienced enough in the sphere of financial services industry?
Yes, it is. At Elinext Group, we have received great experience in the development of various software solutions and we keep on doing it in the sectors we have dealt with at least once. But still, if you have a wish to become more acquainted with what we do and who our clients are, please, click here or examine our Case Studies.
How can I order ERP system development in your company?
Please, feel free to contact us via contact form, by email, telephone (+375-17) 237-53-65 or Skype.