Advanced Finance Management
Current account, cash, bank, loan, POS, company credit card, payment, cheque and note management.
Solution by business need
Banking and payment processes
Banking and payment operations appear in Advanced Finance Management as bank account statements and statements, POS and credit card transactions, loans and payments, and in Digital Transformation Management as e-Statement and e-Bank Receipt. Open banking, deposit, investment and foreign exchange operations fall under Treasury Management, which is offered as an add-on in ABM packages.
Who it is for: Finance and treasury teams, accounting teams
From challenge to solution
Typical challenges and the modules and features Factorbooks uses to address them.
Challenge
Bank transactions are matched to current accounts manually.
Factorbooks approach
Bank account transactions, account statements, statements and bank receipts are kept in Advanced Finance Management.
Benefit
Bank and current account information sit in the same module.
Challenge
POS collections and credit card spending are processed late.
Factorbooks approach
Customer POS management and company credit card management are included in all packages.
Benefit
POS and card transactions are tracked without the need for separate spreadsheets.
Challenge
Deposits and limits at different banks cannot be seen in one place.
Factorbooks approach
Treasury Management (an add-on in ABM) covers deposits, investments, foreign exchange, bank limits and open banking.
Benefit
The treasury team can track bank positions in a single module.
Featured capabilities
- Bank StatementAdvanced Finance Management · Included in all packages
- POS Collection TrackingAdvanced Finance Management · Included in all packages
- Card TransactionsAdvanced Finance Management · Included in all packages
- Revolving LoanAdvanced Finance Management · Included from Mid-sized Business
- e-Bank Receipt (e-Dekont)Digital Transformation Management · Included in all packages
- e-StatementDigital Transformation Management · Included in all packages
- Open BankingTreasury Management · Available as an add-on from Corporate
Related modules
Treasury Management
Deposit and investment accounts, portfolio, time deposits, foreign currency transactions and open banking.
Digital Transformation Management
e-Invoice, e-Archive, e-Waybill, e-SMM, e-Ledger, e-MM, e-Reconciliation and e-Bank Receipt.
Cash Management
Forward-looking cash visibility with a cash flow forecast.
Other solutions
Financial visibility and cash flow
Bring bank, cash, current accounts, loans and cheques/promissory notes together in one place; see your forecast cash flow in advance.
Sales and customer processes
Connect the sales process from lead to quotation, and from order to invoice and shipment.
Purchasing and procurement processes
Keep purchasing under control from purchase request to quotation evaluation, and from order to goods receipt.
See Factorbooks with your own processes
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.