IFS FINANCIALS™

IFS, together with partners, provides an advanced solution for true electronic invoices at a low cost, regardless of the size of your customers and suppliers. IFS/eInvoice™ also improves and automates the supplier invoice workflow by reducing the amount of invoices needing manual registration. Electronic invoices as well as invoice scanning are enabled. Advanced rules for automatic purchase order matching, posting and authorisation significantly speed up invoice processing.

IFS/Budget Management™ lets you manage the planning, budgeting, and forecasting workflow in IFS Applications. Use it to set your corporate strategy and to fix targets for the scorecard and budget templates. Continuous planning and rolling forecasting allow you to monitor and update the process at all stages. This component is designed for integration with Microsoft® Excel®.

IFS/Cash Flow™ offers you flexible liquidity analyses based on a variety of scenarios that you select. Use customer orders, purchase orders, accounts receivable, and payables to generate projections of your cash position. Use this information to analyse your company for better cash management and strategic decision making.

IFS/Accounts Payable™ simplifies your supplier invoicing and payment processes. Support for self-billing reduces invoice handling. A variety of currency and payment options contributes to the flexibility of the component while follow-up and analysis capabilities ensure full control.

IFS/Accounts Receivable™ simplifies customer invoicing and payment processes. It automatically handles coding of routine transactions. Integrated with customer orders and accounting rules functionality, it helps minimise errors and simplify routines.

IFS/Fixed Assets™ is a fully integrated accounting tool for strategically managing your company’s fixed assets. Moreover, it includes multi-country support for depreciation methods, making it the perfect fixed asset tool for a global organisation.

IFS/Consolidated Accounts™ provides users with data from any number of companies consolidated into one place. They can map different charts of accounts, budgets, and currencies from subsidiary to parent. Snapshots of subsidiary data, taken during the period, enable management to view up-to-date consolidated financial information whenever needed.

IFS/General Ledger™ ensures you have a solid base for financial analysis and reporting, plus powerful simulation capabilities, including multiple general ledgers and advanced distribution rules. It helps you to gather and consolidate financial events from all systems and subsidiaries within a corporate group.