Solving Finance Challenges

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We help you solve your greatest finance challenges.

Olix365 Finance is an integrated suite that includes General Ledger, Accounts Receivable, Accounts Payable and Bank services integrated with the full suite of Manufacturing and Distribution Applications.

Bank Services

  • Electronic bank reconciliation – processing of electronic bank information to support check reconciliation.
  • On-line check reconciliation with automatic posting to General Ledger
  • Deposit slips, checks, bills of exchange, and promissory note.
  • In Olix365, we can print bank data on standard reports.

Other Features of Financial Software Applications

  • Full Intercompany transaction processing with all financial software modules
  • Powerful ‘As of’ reporting for Accounts Receivable and Accounts Payable to support auditing requirements
  • Account history of all postings in financial modules
  • Seamless integration of financial software modules with the manufacturing and warehouse distribution modules
  • Drill-down from GL, AR and AP transactions to Inventory, sales and purchasing source documents.
  • Streamline collections with tools like aging reports, and Personalized templates for effective communication.

Is the intercompany transaction process a time-consuming process?

The current process of manually posting intercompany transactions in the destination entity is time-consuming and increases the risk of errors or inconsistencies in financial reporting.

Olix365 Intercompany Transactions Streamlining

Fully automated system for posting intercompany transactions in the destination entity can improve accuracy and efficiency in financial reporting.

Does your system provide OEB format for the account structures?

The system does not support OEB format for the account structures.

Olix365 regulatory Account Rule Compliance

Adhere to regulatory account rules during GL account creation, establishing consistent, accurate, and compliant account numbers.

Multicompany Financial Consolidation – reporting of alternate groupings for multinational business operations at a selected currency:

  • Automated elimination entries
  • User defined direct-subsidiary discount linkages.
  • Unlimited number of user-defined consolidation scenarios
  • Rollup capability for automatic summarization of accounts within the consolidation company with drill-down to account
  • Consolidation across multi-currency companies to a common reporting currency

Third Party Software Integration

  • MS Excel and Word documents are linked to journal entries, invoices, credit memos, adjustments and other accounting transactions.
  • Budget plan documents can be viewed and edited using one or more layouts. Each layout can have an associated budget plan document template to view and edit the budget plan data in an Excel worksheet.
  • These worksheets are connected with Olix365 which will automatically synchronize budget plans in the system.
Features
Optimized Utility Use-CasesScalable IntegrationDedicated Data MigrationRegulatory Metrics SnapshotOperational Efficiency UnleashedFinancial Insight
Modules
Procurement and sourcingService ManagementProject Management and AccountingBudgetingHuman ResourcePayrollInventory and Warehouse managementAsset ManagementFinance
Company
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