FESA CONSOL

FlexSystem

Detailed Information of Debtors and Creditors

Issues

Financial management relating to debtors and creditors can involve looking at very detailed information and to achieve this finance staff have to export raw data from their accounting and related systems to spreadsheets in order to compute account settlement and foreign currency revaluations for all relevant accounting transactions; this is necessary as the existing accounting system can only provide debtors and creditors at a macro or highest level.

  

Expectations

Finance staff want an accounting system that can handle business transactions at a micro level so as to support the relevant automation of account settlement and foreign currency revaluations.

  

Solutions

FESA Financial has a built-in sub-system to support the automation of account settlement and foreign currency revaluation at a micro level. This supports management in the review of the relevant detailed information for debtors and creditors directly from the accounting system.

  

Benefits

Relevant information for debtors and creditors can be provided on a more timely and accurate basis. Most importantly finance staff can now focus on providing more insightful management reporting based on various analytical reports generated by the system.