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Business and financial accounting processes consume a lot of time and resources in preparing statements, reports, forecasts, charts and other important data on a day-to-day basis. Enterprise Hub has redefined the way businesses are conducted, making them highly efficient and profitable.
Enterprise Hub’s Financial Accounting module helps you conduct all the financial transactions, accounting and reporting activities in a smooth fashion. Its easy configuration tools, compatibility with other accounting software and user friendly features, make Enterprise Hub very popular in organizations across industry domains.
Enterprise Hub’s general ledger offers a flexible chart of accounts combined with a series of source journals that support multi-level account definition and consolidation with real-time access to overall cash flow and profitability. In addition, the general ledger supports flexible period definition, automated period end processing, and is completely multicurrency-enabled. Enterprise Hub’s general ledger supports manual, recurring, and reversing journal entries, and allocations.
Enterprise Hub’s general ledger provides strong audit support with drill-down capability, allowing for retrieval of all data from a summary level down to detailed transactions. Data can be exported to the integrated financial report writer. These capabilities provide a fully-integrated financial management solution for a wide range of manufacturers and distributors from small start- up companies to multinational, publicly-traded corporations service.
Multi-Level Chart of Accounts
Enterprise Hub provides a flexible, multi-level general ledger structure that supports such entities as multiple companies, business units, divisions, facilities, departments, or profit centers. These relationships are easy to define through a flexible process that allows an organization to modify or expand the account structure as needed. In addition, Enterprise Hub’s built-in financial report writer automatically generates professional financial statements at any level of organization desired.
Various legal entities can each operate with their own base currencies while being consolidated into a common corporate currency at an overall enterprise level.
Enterprise Hub’s accounts receivable functionality strengthens the order-to-cash process flow by providing a controlled yet streamlined approach to billing and payment processing. This fully- integrated solution offers the utmost in flexibility and efficiency for Enterprise Hub software users.
The accounts receivable processing is fully integrated with rest of the Enterprise Hub software solution, allowing an organization to share information with customer service and sales personnel. In addition to strong multicurrency and customer pricing capabilities, Enterprise Hub includes a credit and collections process to enhance overall customer service and cash flow.
Enterprise Hub supports flexible payment options to accommodate both traditional and online order placement. Enterprise Hub provides efficient customer payment processing including cash payments, online credit card processing, discounted terms,
installments, or any combination of payment methods.
Invoice Processing and Cash Application
Enterprise Hub’s invoicing processing creates accurate invoices that include calculation of charges for products, services, freight, and sales tax while also managing commissions, discounts, allowances, and rebates. Invoices are generated in the customer’s default currency and formatted to their unique requirements. These transaction are then posted to the appropriate source journal in the general ledger, providing a complete audit trail from the invoice to the original sales order and associated shipments.
Enterprise Hub cash application supports automated processing of electronic bank feeds, as well as flexible manual cash application through a host of inquiries and invoice groupings. Enterprise Hub also supports corporate cash application, allowing cash application to be performed at an enterprise-wide level for a combination of business units and divisions.
Credit and Collections
Enterprise Hub’s manages credit and collections in a real-time, efficient manner through the use of online financial information and an integrated collection call log. Accounting personnel have online access to critical information such as customer balances, outstanding invoices, receivables aging, and key financial statistics. This information arms the collections agent with the data necessary to resolve issues and obtain customer payments.
In addition to standard general ledger, accounts payable, and accounts receivable functionality, Enterprise Hub includes a robust financial report writer.
Most importantly, Enterprise Hub’s ERP accounting software functionality is fully-integrated with the entire BEnterprise Hub application, including inventory management, warehouse management, purchasing, order processing, manufacturing and planning, CRM, business intelligence, and e-Commerce, eliminating the need for duplicate data entry in multiple software packages and streamlining the organization’s financial management and accounting operations.
Enterprise Hub’s accounts payable functionality provides an online voucher system that applies a controlled set of processes in a flexible yet effective manner. This automated process manages purchases and payables in a timely fashion and facilitates efficient operations, reduces data errors, enhances financial visibility, and improves cash flow.
The accounts payable solution supports a multi-level company structure, multicurrency transactions, multiple bank accounts, corporate cash accounting practices, and electronic funds processing. These transactions feed the general ledger via the accounts payable source journal.
Accounts payable data is available for flexible reporting through Enterprise Hub’s workbenches and dashboards.
Enterprise Hub’s invoice processing provides efficient management, reconciliation, and payment of invoices. This functionality offers the accounts payable team real-time information and a means to review the purchase order, associated receipts, and invoice, and resolve any discrepancies. This automated process provides both two-way and three-way matching to reduce processing time and data errors, and eliminate over payments.
Enterprise Hub’s accounts payable processing supports the selection of unpaid vouchers for payment, payment processing, and posting to the appropriate source journal. Enterprise Hub supports payment by check, eCheck, ACH, and EFT. In addition to flexible check preparation and printing and the creation of electronic feeds for paperless payment processing, Enterprise Hub supports voiding of single or multiple checks while providing a complete audit trail.