Financial functionality is focused on all the tools around creating, modifying, automating and reporting on transactions and the gl. This includes all types of transactions you have configured in the system.
Financial Features
Our financial transaction tools ensure you always have the ability to complex multi-currency, multi-ledger transactions according to your bespoke requirements. We also ensure those transactions can be allocated through your structure in multiple different ways, and allow the automation of complex transaction algorithms.
The Financial suite of tools consist of the following set of functionality:
Transactions This is all of the financial transactions in the system. All transactions, capital, portfolio, or just gl postings are contained within this one area.
Transfers Transfers allow you to create transfers between ultimate owning entities and the system will automatically handle updating all relevant transactions, rules and accounting for it in Period End reporting.
Blend Transactions Blend Transactions allow you to create custom processes for automating any transaction routines you want. You can easily create algorithms such as automatic replication/splitting of transactions up and down paths, auto-nav calculations, fx revaluations, hedging, etc. Once you've created these algorithms the system can use them to automatically create and post multiple Transactions according to your rules.
Period Ends Period Ends allow you to create period end closings for the entity set as a whole. The system will burn a copy of all summarised gl entries on a year to date basis into a period end reporting table for performance, auditing and reporting purposes. This will include opening and closing balances and can be used by GL Rollups to report across your gl any way you like using multiple classifications.
