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.