A comprehensive financial solution that is a fully-integrated component of the ERP1123 core platform
With over 20 years of experience in a wide variety of manufacturing industries, ERP123 is a proven, comprehensive financial solution suitable for all types of manufacturing, product distribution and third-party logistics. Check out the various components of the 123Finance to get more detail, then start the conversation
- Multiple entities Supports multiple companies and financial entities with divisional and consolidated financial reporting
- Multi-Currency Exchange rate conversion with automated rate setting and exchange gain/loss posting
- User-definable Chart of Accounts Multi-level chart of accounts with switches that control financial reporting display
- Real-time Data Real-time data posting process that creates a real-time General Ledger and financial statements
- Eliminate Period Locks Work in multiple open periods simultaneously for uninterrupted data processing
Accounts Receivable
- Automated Invoicing Generate invoices based on sales orders and product shipments, project-milestones or 3PL data
- Document Delivery Deliver invoices, customer statements, and collection notices automatically based on client preferences including email and EDI
- Credit Management Fully integrated with order entry to block activity on delinquent accounts
- Customer Payments / Prepaids Receive payments or pre-payments through credit card integration or EFT.
- Customer Returns Easily [rpcess customer returns from approved RMA's and product receipts
Accounts Payable
- Purchasing Inte Easily generate AP from receipts against approved Purchase Orders
- Accruals Accruals are automatically generated when purchases are received and reversed as vendor invoices are entered
- Vendor Payments Make payments by cheque or EFT
- Vendor Returns Easily process vendor returns from approved return-to-vendor (RTV) documents
- Deposit Crate prepaid deposits against approved PO's
Product Costing
- Standard Cost Standard product cost from product structure data with variance
- Actual Cost True rolling average costing for businesses where costs are constantly fluctuating
- Landed Cost Burden product costs with factors for freight, duty and brokerage costs
- New Product Costing Create detailed cost estimates for new products
- Cost Simulation Simulate affect on overall margins and profitability based on product cost increases
Financial Reporting
- Standard Financial Reporting 123Finance provides a variety of income statement and balance sheet report formats
- Margin Analysis Effectively analyze product or job margins for both manufacturing and distribution
- Detailed Cost Analysis Cost history with detail drill-down
- Cash Flow Cash flow projections based on open AR & AP
- Bank Reconciliation Simple bank reconciliations with automated matching
Payroll & HR
- Employee Management Track critical employee data including pay rates within the Employee Master module
- Time & Attendance Electronic punch clock data with daily approvals
- Payroll Service Integration Easily prepare and send payroll data to popular payroll services like ADP and Ceridian
Can I Make Corrections?
UNDO
IT'S NEVER BEEN EASIER
The unique "UNDO" feature of ERP123 makes correction of mistakes fast, easy and fully traceable. Simple UNDO the document you are working on, make your changes and save. Corrections have never been easier
Our Clients Speak for Us
"I was surprised by how easy it was to learn to use ERP123 and how powerful it is"
Heather Weber Controller Weber Fabricating Kitchener, ON, Canada
Let's Talk Finance & Accounting
Talk to one of our financial system consultants today to learn more about how ERP123 can transform your finance department