IFS’ financial components give you a comprehensive view of your business from a variety of perspectives. When you spot a trend worth investigating, you can drill in to the appropriate financial transactions and scrutinize them in detail. These components enhance control at all levels of the organization and support regulatory needs around the world.
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 payable to generate projections of your cash position. Use this information to analyze your company for better cash management and strategic decision-making.
IFS Fixed Assets™ makes it easier to strategically manage your company’s fixed assets. A fully integrated accounting tool, it includes multi-country support for depreciation methods, making it the perfect fixed asset tool for a global organization.
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 you minimize errors and simplify routines.
IFS eInvoice™ improves and automates the supplier invoicing workflow by reducing the amount of invoices needing manual registration. Invoice scanning as well as true electronic invoices are enabled. Advanced rules for authorization and matching with purchase orders significantly speed up the invoice processing. Events messages and history logs further improve the process and make follow-up easier.
IFS Accounts Payable™ simplifies handling of your supplier invoices and payment processes. Support for self-billing reduces invoice handling. A variety of currency and payment options contributes to the agility of the component while follow-up and analysis capabilities ensure full control.
IFS Consolidated Accounts™ enables you to consolidate data from any number of companies in a single location. You 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 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 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.