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    Financial Accounting and Management

    Powerful Financial Accounting and Management for SME Manufacturers

    We are all in business to make products — and profits. In addition to your complex manufacturing responsibilities, you need to pay debts, receive payments, manage assets, comply with local and international regulations, and execute global transactions.

    Honeycomb®ERP Financial Accounting and Management business benefits:

    • Improved reporting and visibility of assets and costs.
    • Streamlined financial processes, including collection, financing, payment, and settlement
    • Reduced overhead.
    • Increased liquidity and improved cash management.
    • Improves understanding and management of intangible assets and intellectual capital
    • Solution-wide security and audit capability for corporate compliance issues.

    Honeycomb®ERP Financial Accounting and Management is a powerful financial Accounting and management solution that enables you to manage your entire business profitably. Our solution supports multiple currencies as well as complex business structures so you can better manage your operations. Honeycomb®ERP Financial Accounting and Management helps you record, consolidate, and analyze your finances and provides complete visibility into enterprise-wide transactions.


    Honeycomb®ERP Financial Accounting and Management includes powerful real-time analysis and advanced reporting options. Our solution simplifies all aspects of accounting including cash management, billing, accounts receivable and accounts payable. Honeycomb®ERP Financial Management comes with a powerful integration tool, which coordinates and consolidates all financial transactions between Honeycomb®ERP applications and any general ledger.

     

    Billing

    • Flexible Billing Methods
    • Billing by sales order, shipment, or delivery.
    • Billing Policies and Control
    • Billing triggers by tasks, dates and deliveries
    • Recurring invoices like lease /  loan billings
    • Complete Billing Documents
    • Timely Revenue Collection
    • High-Volume Invoice Generation
    • Financial Impact Visibility
    • Multinational Capabilities
    • Creation of invoices, credit / debit memos.
    • Sales, excise and other taxation & Reporting
    • Fiscal Calendar Period Roll
    • Inquiries and Integrated Reporting System

    Accounts Receivable

    • Customer Accounts Management
    • Customer Documents like invoices, credit / debit memos, notes receivable etc
    • Currency exchange rate with variances
    • Suspend transactions to allow verification
    • Reversal of non-sufficient funds checks
    • Direct Debit processing
    • Interactive Cash Receipts
    • Unapplied Cash and Credit
    • AR Statements Generation
    • Fiscal Calendar Period Rolls
    • Billing control dates and secured periods
    • Cash receipts, control dates, secured period
    • Roll year-to-date sales and payments history
    • Optional service charges
    • Balance forward or open item accounting
    • Aged Receivables
    • Outstanding Days Sales
    • Inquiries and Reports
    • Cash Registers
    • Bank Register
    • Sales tax history
    • Dashboards and Odometers

    Accounts Payable

    • Payment Scheduling
    • Integrated Costing and Procurement
    • Complete and Accurate Ledgers
    • Generate Payment and Bank Reconciliation
    • Cash Flow Management
    • Global Supplier Management
    • Currency and exchange rates
    • Optional deferred vouchering
    • Support sales tax and value added taxations
    • Invoice Processing
    • Accurate reimbursements with history
    • Expected value threshold for each expense
    • Forced notes for amounts exceeding threshold
    • Supplier Payments
    • Periodic Payables Processing

     

    Cash Management

    • Cash Forecasting
    • Centralized Control
    • Cashbook
    • Bank Reconciliation
    • Inquiries and Reports

    Fixed Assets

    • Asset Registration
    • Asset Classification
    • Multiple Depreciation Methods
    • Composite Assets
    • Insurance and replacement costs

    Financial Integration Management

    • Professionally Managed Financials
    • Integration with Honeycomb®ERP Suit
    • Financial Management Tools
    • Multiple Posting Options
    • Posting Controls
    • Journal Entry Creation
    • Inquiries and Reports
    • Simulation Capability (Optional)

    General Ledger

    • Multi-Division, Multi-Currency Consolidation
    • Accounting period definitions,
    • Variable Fiscal Calendar
    • User defined flexible five level chart of account
    • Account types with masking to hide display format
    • Pre-Formatted Journal entries with reversal option
    • Balance transfers to multiple accounts
    • Budget methods: fixed, flexible, and total
    • Budget amounts and optional quantities
    • Budgets, outlooks, charts, and forecasts
    • Drill down from any balance to transaction detail
    • Total Reporting Flexibility
    • User-defined queries, formats and formulas
    • Income statements and balance sheets
    • Comparative reports with user-defined periods
    • Honeycomb®ERP Suite Seamless integration

    Expense Reporting & Processing

    • Expense entry
    • Expense codes with description of expense
    • Expense approval workbench
    • Approve and reject payments with history
    • View the report overview,
    • Access expense related
    • Review any notes and comments.

     
     

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