Financial Management
A software solution that meets your needs today and prepares you for tomorrow.
How does Solop improve your Financial Management?
Simplifies accounting processes and provides accurate, real-time financial records.
Ensures traceability, consistency, and security across all operations.
Benefits of Financial Management in your business
Integrated operations
Automatically generates accounting entries and expedites the creation of financial reports through Solop’s automation and workflows.
A Single Version of the Truth
Gain online visibility into your company’s activities and performance. Financial reports are sourced from a unified database, ensuring complete consistency.
Multi-Perspective Analysis
Analyze your information from different financial perspectives, using Solop’s accounting dimensions.
Accurate and timely information
Enhance business performance with real-time metrics and insights to support better decision-making.
Confident Period Closing
Streamline your financial close processes while adhering to best accounting practices.
In-Depth Insights
Drill down into reports to view underlying accounting entries, helping you understand the cause-effect relationships and their impact on your business.
Financial Management Business Processes
General Accounting
Every transaction is automatically recorded, ensuring accounting is fully always integrated with your company’s operations.
Accounts Receivable
- Effortlessly track your relationships with customers.
- The system provides customer balances, paid invoices, and outstanding receivables.
Accounts payable
- Get a clear and intuitive overview of your supplier relationships.
- The system tracks balances with suppliers, paid invoices, and outstanding payables.
Cash Management
- Manage all cash activities through the system:
- Daily cash openings and closings for multiple registers.
- Integration with Point of Sale (POS) systems.
- Bank remittances.
- Employee reimbursements for consumables or fuel expenses.
- Comprehensive reporting.
Bank Management
- Streamline all bank-related activities with full integration across system modules, including Human Resources.
Treasury
- Efficiently handle collections and payments:
- Schedule and manage collections and payments.
- Seamlessly integrate with accounting, commissions, payroll, assets, and banks.
- Monitor cash flows, budgets, prepayments, and assignments.
Multi Currency Management
- A base currency is selected for storing all financial transactions.
- Additional currencies can be configured as needed.
- Transactions can be processed in any currency, with amounts recorded in the base currency.
- Daily exchange rates determine equivalent amounts.
- Financial reports can be generated in any currency.
Electronic billing
Automatically transmit system-generated receipts to regulatory entities for compliance.
Tax Management
- Effortlessly configure taxes to meet regulatory requirements:
- Define tax parameters with hierarchical organization and validity periods.
- Assign taxes to specific products or charges.
- Automate accounting entries once tax parameters are set up.
- Manage additional taxes, such as withholdings, through a unified configuration process.