The Petrosoft Enterprise application enables you to simplify and automate financial management. It provides a comprehensive and integrated set of tools that allow you to manage all the accounting and financial process in your company.
Streamline and improve inefficient and error-prone accounting and financial processes by eliminating duplicate data entries and integrating financial data with key business functions, such as purchasing, warehousing and sales
Provide real-time access to accurate and complete financial information needed to perfom period closings, prepare required financial reports, and make informed business decisions
- Automated handling of key accounting processes
- Sophisticated tools to control cash flow and monitor actuals against budget
- Streamlined reconciliation of bank statements with collections, receivables, and payments
- Integrated management of fixed assets throughout their lifecycle
- Single-solution support for branches and business unit
- Powerful reporting and analytics for business planning and audits
Optimized business planning
Simplified financial operations
Optimized financial operations
Higher employee productivity
Better-informed decision making
Integrated, comprehensive financial management
As your small business or midsize company grows, so does the complexity of managing its financials. While accounting-only software may have helped you get started, you need software that can take your business to the next level, automating everyday financial tasks and integrating them with other business processes. That software is available in the Petrosoft Enterprise application.
You need an integrated solution to streamline all of the accounting and financial processes in your growing company, including accounts receivable, accounts payable, and posting of ledger and journal entries and recurring entries.
As your business expands, the solution must grow with you.
Capture all your financial information in a single, scalable solution.
Handle all your accounting transactions effectively and comprehensively with SAP Business One (see the table on the next page). You can use its chart of accounts templates as is or customize them to match your business requirements. Because the templates incorporate country-specific legal requirements, such as segmentation or specific numbering, you can comply more efficiently with local laws and regulations. Wherever you conduct business, the application supports you with multiple global financial reporting standards and currencies, availability in 27 languages, and localization for 42 countries.
Transactions in Petrosoft Enterprise automatically trigger corresponding journal entries in real time. For example, a goods receipt posting automatically creates the necessary journal entry to adjust inventory levels and valuation and updates corresponding expense accounts. You can configure primary accounts, using rules and priority, so the right general ledger accounts are used in each transaction. For transactions that repeat from period to period, recurring postings and posting templates simplify redundant tasks and eliminate the potential for errors. You can use journal vouchers to create multiple journal entries and then process these vouchers in batch mode, posting all entries simultaneously.
Financial management features in SAP BUSINESS ONE®
|ACCOUNTING||CONTROLLING||BANKING AND RECONCILIATION|
|Implement or adapt predefined chart of account template||Define and manage budgets||Manage incoming and outgoing payments with cash, checks, electronic bank transfers, and credit cards.|
|Carryout accounting transactions, such as journal entries and vouchers and recurring postings||Handle payment terms, customer reminders and cash collections||Process bank statements and perform automatic reconciliation of ledgers|
|Use multiple currencies for accounts payable and accounts receivable||Manage direct and indirect expenses and revenues allocation||Clear multiple accounts receivable and payable invoices automatically in batches|
|Create balance sheet, profit and loss, and other financial reports||Maintain distribution rules for automated revenue and expense allocation||Print check batches and generate check and payment report|
|Manage fixed asset troughout their lifecycle||Depreciate fixed assets using multiple methods|
Localizations for 42 countries simplify tax calculations, streamline reporting, and optimize legal compliance.
Enhance the efficiency of collections and payments by connecting directly with your bank online.
With its multibranch capability, you use one instance
of Petrosoft Enterprise to:
- Handle the key financial processes for different business units or branches
- Create and maintain separate documents such as invoices for separate business units
- Manage bank transactions with centralized payment capability
- Carry out legal and financial reporting for each business unit
How can we help?
Online ticketing system, phone support, on-site support, and a library of videos, articles, tips, and manuals
Technical support for Petrosoft internet-based retail management products is just a phone call or a click away
Data processing, accounting, price book builds, foodservice menu builds, and business analysis
Customers are provided a series of online classes