It integrates various functionalities to streamline financial operations, track financial transactions, and generate essential reports. The Finance module of MAP includes the following key features:
The system maintains a centralized General Ledger, which serves as a comprehensive repository of financial transactions. It records and tracks all financial activities such as revenue, expenses, assets, liabilities, and equity.
MAP facilitates efficient management of accounts payable processes. It helps track vendor invoices, manage payment terms, automate payment processing, and maintain vendor records.
The system streamlines accounts receivable processes, enabling businesses to manage customer invoices, track payment status, and generate customer statements.
MAP supports financial planning and budgeting activities. It allows organizations to create budgets, allocate funds, monitor budget performance, and generate budget reports.
The Finance module of MAP provides robust reporting capabilities, generating various financial reports such as income statements, balance sheets, cash flow statements, and financial ratios.
It ensures adherence to regulatory requirements and accounting standards. Also manage tax obligations, supports financial audits, and generates reports that comply with legal and regulatory guidelines.
Track and manage organization's fixed assets. It facilitates recording and tracking of asset details, depreciation calculation, maintenance, disposal, and generates reports related to fixed assets.