Finance Management ERP System | Financial Software (2024)

The perfectly tailored Financial and Accounting Software for manufacturers and distributors.

  • Overview
  • Features
  • Advantages
  • Modules
  • Contact Us

Financial Management

The Manufacturing industry has seen many changes since its inception. While economies of scale provide many opportunities for manufacturers, the need for information technology has grown greatly. Software applications to manage manufacturers’ operations, financial demands, and customer relationships are critical. Rexo ERP provides the tools to effectively manage day-to-day operations, control printing, and produce reports needed to effectively go about business operations.

Rexo ERP is an innovative, Web-based ERP that helps you control your company’s finances. Rexo ERP is easy to use, cost-effective, and highly accurate. The financial aspects of the product are fully customizable to your unique company.

Rexo ERP has been proven to be a one-stop solution for all financial and accounting needs of manufacturers. Effortlessly manage distribution rules, budgets, profit center, banking, exchange date references, profit reports, posting templates, and more. Its robust framework frees you of complexities like manual data entry, poor data access, and disconnected data, ensuring smooth work-flow.

Finance Management ERP System | Financial Software (1)

Why RexoERP for your financial needs?

  • Integrated and Consolidated Financials
  • Real-time accounting metrics
  • Task automation
  • Role-based dashboards
  • Forecast cash flow management
  • Drag and relate data
  • Accelerated financial closing
  • Accurate and Compliant financial reporting

Solve complex financial accounting issues with RexoERP. Combat challenges like

  • Revenue, liability and expense recognition
  • Fraud and earnings management
  • Ambiguity in ROI calculation
  • Cost estimation and profitability calculation
  • Accuracy in Compliance Procedures
  • Poor access to real-time, consolidated financial data
  • Integration between financial functions and manufacturing operations
  • Manual data entry

Finance Management ERP System | Financial Software (2)

Why Rexo ERP if your one-stop solution

Process that guarantees high productivity and profitability for your solution.

Let's Start Project

01

Better financial accounting management

Ensure streamlined financial and back-office operations with a complete set of tools that help close drive more profitable decisions through timely and accurate insights thus, helping you close with confidence.

02

Enhanced financial management

Connected financial operations help you speed up transactions and improve overall cash flow.

03

Simplified Banking

Various flexible options and facilities help accelerate expedite processes and tedious banking operations.

04

Efficient Controlling

Monitor and manage cash flow while accurately handling job costs and controlling budgets.

05

Fixed Asset Management

The virtual function helps you track fixed assets without the requirement of repetitive manual data entry.

06

Reporting and Analysis

Real-time insights and data that help you prepare standard or customized reports.

07

Easy accounting

From journal entries to receivables, payables and much more, you can automate accounting processes to ease work-flow.

08

All-time data access

You can access real-time data and consolidated financial data and integrate financial functions data with manufacturing functions data to remove disconnected data and other data-related issues.

09

Informed decisions

Recognize revenues, expenses, and liabilities and effectively calculate ROI along with cost estimation and earnings management.

Delivering game-changing financial and accounting management functionalities

Fortune 100 companies and established brands trust our enterprise software development.

Distribution Rules

You can easily allocate cost accounts or revenue to the corresponding distribution rule.

Banking

Monitor and track all banking processes and activities such as cash receipts, advance, deposits, account reconciliation, payments, and much more.

Budget

Easily manage the budget in any currency against GL account, summarize reports, get over budget alerts, compare actual vs planned figures, and more.

Exchange rate differences

Choose appropriate correction transactions by periodically evaluating in foreign currency and identifying differences.

Tax engine

Highly configurable with the user-friendly interface, get patented system address complex tax requirements.

Chart of accounts

Use locally compliant templates to create and manage charts of accounts of any country.

Posting templates and recurring postings

Define general ledger account templates and postings for regular execution. Specify frequency with reminders to post transactions.

Journal entries and journal vouchers

The system will automatically post and create entries and allocate transactions to the project or profit centre while verifying and correcting posting before they are entered into the general ledger.

Profit Center and Report

The chart of accounts can simplify the allocation of cost and revenue to pre-designated profit centre while you can run a profit and loss statement with the help of real-time insights for any profit centre and compare with previous periods.

Reversing journals

Automatically reverse month-end accruals and specify different reversing date for each posting if needed.

Let's Get In Touch!

Request a Demo? We'd love to show our ERP to you.

Finance Management ERP System | Financial Software (3)

P101, Metro Tower, Indore(MP), INDIA, Pin - 452010

+(91) 704-757-5000

info@rexoerp.com Get directions on the map

Finance Management ERP System | Financial Software (2024)

FAQs

Is ERP a financial software? ›

Enterprise resource planning (ERP) is a software system that helps you run your entire business, supporting automation and processes in finance, human resources, manufacturing, supply chain, services, procurement, and more.

What's the difference between ERP software and Financials software? ›

The key difference between these two systems is that an ERP system covers many aspects of company operations, while accounting software focuses solely on financial management. As a result, accounting software tends to be less expensive than ERP software.

Is QuickBooks an ERP system? ›

Is QuickBooks an ERP System? No, QuickBooks is a type of accounting software mainly used by small and medium-sized businesses to handle the financial aspects of running a company. You might use QuickBooks to manage sales and income, run payroll or prepare for tax season.

What is the finance function of ERP? ›

An ERP finance module gathers financial data and turns them into reports including quarterly financial statements, ledgers, profit tracking, and balance sheets.

Do banks use ERP software? ›

The banking sector is continuously growing and adopting ERP systems. ERM in banking helps automate core processes like account management, payments and transfers, risk management, customer support, and regulatory compliance.

What is ERP software used for? ›

ERP stands for enterprise resource planning. It's a software system that includes all the tools and processes required to run a successful company, including HR, manufacturing, supply chain, finance, accounting, and more.

Which ERP is best for financial services? ›

Top ERP system examples as voted by finance leaders
  1. NetSuite. Our survey respondents voted Oracle NetSuite as their top ERP of choice. ...
  2. Dynamics 365. Dynamics 365 Business Central is Microsoft's cloud ERP, ideal for companies already comfortable with the Microsoft suite. ...
  3. SAP ERP. ...
  4. Sage Intacct. ...
  5. Odoo ERP.
Apr 19, 2024

Do accountants use ERP systems? ›

Accountants will benefit from an ERP by using integrated data to streamline all of their accounting processes. ERPs will speed up all accounting and financial management processes, not only saving you time (and money) but also allowing you to make faster and better decisions about your business.

Is Excel an ERP system? ›

ERPs are a single integrated system, making them less vulnerable to human error. On the other-hand, Excel is an extremely manual tool. Instead of being centralized and integrated like an ERP, multiple departments within your organization will rely on different sets of Excel spreadsheets containing the same data.

What software is considered ERP? ›

The best ERP software at a glance
Key feature
SAP Business OneFlexible, modular deployment for SMBs
ERPNextSurprisingly feature-rich free software with open source flexibility
Microsoft Dynamics 365Scalable AI integrations
Acumatica Cloud ERPSimple interface and good user experience
4 more rows
Oct 18, 2023

Does ERP include payroll? ›

Enterprise ERP Payroll includes a complete set of features and functions to support the payroll needs of all public sector organizations. Some highlights include: State-specific reporting teams to ensure all federal and state requirements are met.

Why use ERP for finance? ›

3.2 The Role of ERP in Modern Financial Management

This integration eliminates data silos, fostering collaboration and ensuring data accuracy. For financial management, this means that data from accounting, procurement, sales, and other departments can be seamlessly integrated into financial reports and analysis.

How does ERP save money? ›

Improved efficiency and reduced operational costs

A study found that ERP solutions can reduce overall operational costs by 23% and administrative costs by 22%. The primary purpose of an ERP is to integrate your core business processes and make things run smoother.

What is financial management in ERP? ›

Financial management software can be part of a company's enterprise resource planning (ERP) system, which consolidates financial and operational data and provides teams with a comprehensive view into the business.

What type of software is ERP? ›

What is ERP? Enterprise resource planning (ERP) is a type of software system that helps organizations automate and manage core business processes for optimal performance.

What category does ERP fall under? ›

ERP is a category of business software that automates business processes and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain management, sales, marketing and human resources (HR).

Is SAP a financial software? ›

With accounting, financial close, and reporting software from SAP, you can streamline finance and accounting processes– from closing and consolidation to management and legal reporting.

Is accounting software considered ERP? ›

People sometimes erroneously use the terms accounting software and ERP software interchangeably. In reality, accounting and financial reporting software is a subset of an ERP system.

Top Articles
Latest Posts
Article information

Author: Zonia Mosciski DO

Last Updated:

Views: 6554

Rating: 4 / 5 (51 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Zonia Mosciski DO

Birthday: 1996-05-16

Address: Suite 228 919 Deana Ford, Lake Meridithberg, NE 60017-4257

Phone: +2613987384138

Job: Chief Retail Officer

Hobby: Tai chi, Dowsing, Poi, Letterboxing, Watching movies, Video gaming, Singing

Introduction: My name is Zonia Mosciski DO, I am a enchanting, joyous, lovely, successful, hilarious, tender, outstanding person who loves writing and wants to share my knowledge and understanding with you.