Solutions for Financials

Address Complex Regulatory and Reporting Requirements, and Strict Segregation of Duties and Controls.

Designed for global companies of all sizes, QAD Financials supports your business with comprehensive controls, budgeting, analysis and reporting tools. With built-in local languages and internationalization, it supports local business practices in more than 44 countries. QAD Cloud ERP supports IFRS and Multi-GAAP compliance for fast and accurate closing and reporting.

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Financials

• Multi-GAAP and IFRS compliance: Follow the appropriate accounting rules set by the applicable national governing body for each region or division of your enterprise.
• Financial Shared Services: Centralize the roll out of corporate-wide standards, providing economies of scale and ensuring consistency.
• General Ledger: Simplify your global international reporting across all divisions and regions, and track all financial transactions in any currency.
• Consolidations: Combine the financial records for a number of entities within your organization into one consolidated set of financial statements.
• Allocations: Simplify your cost and revenue distribution by automatically distributing amounts based on user-defined algorithms.
• Budgeting: Use the current budget, actuals or anticipated budget amounts, and establish multiple budgets based on unique “what if” scenarios in any number of reports and analyses.
• Accounts Receivable: Monitor customer balances, support credit management, produce statements and aging reports, and record customer payments, including electronic funds forwarding.
• Credit Management: Improve your bottom line by reducing accounts receivable write-offs and operational costs.
• Accounts Payable: Streamline the payables process from PO to supplier payments, manage supplier accounts, monitor outstanding payables and automate supplier payment processing.
• Cost Accounting: Run simulations and analysis with multiple user-defined cost sets.
• Banking / Cash Management: Automate the processing of payments using electronic banking, as well as electronic import and balancing of bank statements.
• Enhanced Controls: Take comfort in strict enforcement of the authenticity, integrity, auditing and confidentiality of electronic records.
• Financial Analysis: Better analyze and develop business plans, budgets, and track performance.
• Fixed Assets: Reduce the time and costs associated with managing assets by providing a single point of entry and integration with QAD Financials.
• Governance, Risk & Compliance: Stay compliant with regulations such as Sarbanes-Oxley (SOX) or the Japanese version, J-SOX.
• Logistics Accounting: Track and monitor freight costs and financial transactions by accrual and recovery of freight charges for delayed or missing invoices.
• Management Reporting: Generate periodic or ad hoc corporate and governmental reports required to analyze the state of the business.
• Multi-Currency: Conduct business and generate consolidated reporting in any currency.
• Sales & Use Tax Connector: Automate U.S. and Canadian sales-use tax compliance, and automatically prepare sales/use tax returns.
• Tax Management: Do tax calculations and taxes for multiple countries in the same database, eliminating the need for regional tax systems.

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Internationalization

• Internationalization: Simplify your local, country-specific business practices, regulatory compliance and reporting requirements.

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