As previously announced, we’re developing an innovative software solution, FinOps Suite, as part of the TOSS Project, which is part of the Competitiveness Operational Programme 2014-2020.
Here’s what we’re planning to achieve and how you can benefit from it, from A to (almost) Z!
Firstly, we found a name for the application that clearly says what it does: FinOps Suite – Making financial operations easy.
FinOps Suite will consist of a collection of features that will:
A. Integrate payments initiated by corporate or SME ERP, HR and other internal systems. These usually are supplier invoices, all sorts of taxes, paychecks, partial payments, utility bills etc.
B. Support automated or manual initiation of payment instructions
C. Offer various types of reports that can sort and group payments by type or by paying company, according to internal nomenclature
D. Define templates and lists of templates for multiple or recurring payments
E. Manual payment edit
F. Enrich payments with useful information for recording, monitoring, reconciliation and reporting
G. Generate reports grouping payments by: supplier, corresponding account in the accounting plan, location, reporting codes
H. Payment validation
I. Detect any duplicate instructions, based on configurable criteria
J. Configure payment amount limits for each supplier; automatically detect when exceeding configured threshold and investigation capabilities
K.Check supplier accounts against black lists
L. IBAN format validation
M. Investigate, edit, cancel and/or authorize payments instructions
N. Generate standard SWIFT messages for payments (MT101, ISO20022 pain.001)
O. Initiate accounting entries for manually created payment instructions
P. Import bank account statements
Q. Route incoming messages (receipts or confirmations) to internal applications (ERP, accounting, HR, etc.)
R. Reconciliate payments with supplier invoices
S. Reconciliate receipts with issued invoices
T. Reconciliate accounting entries with bank account statements
U. Generate predefined reports and customize them (supplier reports, banking reports, duplicates, cancelled instructions, payment instructions search by various criteria)
V. Define and manage user groups, create role profiles
W. Audit user activity
X. Archive transactions and report archived data
Y. Benefit from extensive product documentation – source code, instructions for installing, using and managing the executable code of FinOps Suite
Z. Spread peace and love 🙂
Interested much? Give us a sign for more info. We’ll definitely accommodate your requirements, as we always do with our highly customizable products.
Pentru informatii detaliate despre celelalte programe cofinantate de Uniunea Europeana, va invitam sa vizitati www.fonduri-ue.ro. Continutul acestui material nu reprezinta in mod obligatoriu pozitia oficiala a Uniunii Europene sau a Guvernului Romaniei. Proiect finantat in cadrul POC, Axa prioritara 2, Acțiunea 2.1, Prioritate de investitii 2b. Cod MySMIS: 115724, Nr. Contract Finantare: 101/16.08.2017.