Financial Management

Organizations today demand financial management solutions that are flexible enough to accommodate dynamically changing business needs. IDS ERP solution enables organizations to manage IT costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manually-intensive spreadsheet-based reporting, and improve employee productivity.

IDS financial management solution is based on leading cloud based ERP solutions, and used by thousands of organizations to manage their accounting needs. This software accelerates your financial close, provides strong expense management, offers streamlined and auditable revenue management and ensures complete real-time visibility into the financial performance of the business.

IDS financial management solution seamlessly integrates with all order management, inventory, CRM and ecommerce functions to streamline critical business processes, such as quote-to-cash, enabling everyone to work from a single source of finance, sales and customer data.

SOLUTION HIGHLIGHTS

Comprehensive Accounting and Finance ERP provides you with everything you need to establish efficient processes and gain transparency into business operations. In addition to standard general ledger functionality, flexible workflow tools to customize your processes and multi-currency support, Solution also delivers:

• End-to-end visibility into your receivables and payables with integrated order-to-cash (i.e. sales order, billing, collection) and procure-to-pay (i.e. requisition, purchase order, invoice) transaction management.
• Inventory fulfillment and costing from factory-to-store with supply chain management capabilities.
• Complete fixed asset lifecycle tracking and reporting from acquisition to depreciation to retirement.
• Support for project accounting and reporting on project financials and profitability.
• Automatic revenue recognition in accordance with accounting standards using flexible scheduling and sophisticated allocations.
• Full-service payroll processing, including support for time tracking, incentive compensation and expense reimbursement.
• Integrated budgeting and forecasting tools to manage financial projections against actual.

Accounting Management

IDS online accounting software seamlessly couples core accounting functions such as general ledger, accounts receivables and accounts payable with strong compliance management. Improve business performance, increase financial close efficiency and reduce back-office costs with standardized processes using a single, integrated solution.

  • ORDER-TO-CASH

    Intuitive user interface and integrated workflow management to process sales estimates to customer collections, end-to-end.

  • AUDIT TRAIL VISIBILITY

     

    Drill-down capabilities to see the underlying detail from the financial statements to the transaction.

  • PROCURE-TO-PAY

     

    Intuitive user interface and integrated workflow management to process requisitions to vendor payments, end-to-end.

  • TAX MANAGEMENT

     

    Prebuilt tax intelligence to process sales transactions in compliance with proper regulations.

Fixed Assets Management

Fixed Asset Management solution provides you with an easy-to-manage, single version of the truth for your fixed assets. It enables you to maintain and control the complete life cycle across depreciating or non-depreciating assets from creation to depreciation, revaluation and disposal. Fixed Asset Management supports detailed asset management, including maintenance schedules and insurance, while providing tight accounting integration so that your fixed asset information is always presented accurately on the financial statements.

  • Flexible Depreciation Management

    Depreciation scheduling using any of the available standard methods (e.g., straight-line, fixed declining, sum-of-the-years-digit, etc.).

  • Workflow Management

     

    Integrated workflow capabilities to support the asset lifecycle from asset purchase to retirement, end-to-end.

  • Fixed Asset Rollforward

     

    Out-of-the-box asset summary reporting to show beginning balances, changes during the period and ending balances.

  • Integrated Financial Reporting

     

    Drill-down capabilities to see the underlying detail from the financial statements to the related fixed asset transaction.

Payment Management Solution

Payments Management Solution is the smart way to meet all of your payment processing needs directly from within Financial Modules. Whether your business accepts payments through online self-checkout or for the settlement of an outstanding invoice, you can accommodate all customer preferences. And, because it seamlessly integrates with ERP Solution, you will have access to payment-related information in real time.

IDS Payments Management is a complete solution that supports the most payment options and helps prevent fraud.

  • Flexible Payment Acceptance

    Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.

  • Global Ready

     

    Serve different geographical markets with multi-currency and multi-site capabilities.

  • Fraud Prevention

     

    Out-of-the-box capabilities to enforce controls around card-related verification, authentication, encryption and more.

  • Flexible Payment Processing

    Support card payments for recurring and installment billing, as well as split and partial payment transactions.