Why Financial Management?
Control over the organization's cash flow, budgets and costs
The Cyber ERP Financial Management solution brings together accounting, treasury, fixed asset, budget and cost data in connection with the organization's operations. Automatic voucher generation from related areas, management of receipts and payments, budget credit control and actual cost calculation make it possible to oversee financial resources. Closing the books, preparing the balance sheet and income statement, and calculating financial ratios also support the review of the organization's financial performance.
Financial Management subsystems
General AccountingRecord local- and foreign-currency vouchers and review account activity by floating account, cost center and project.
Financial ManagementManage period-end operations, prepare financial statements and calculate defined ratios.
TreasuryRecord cash flows, track the status of checks and manage petty cash operations in connection with accounting.
Fixed AssetsRecord asset profiles, locations and transactions, and calculate asset values and depreciation.
Consolidated AccountingConsolidate the financial data of business units and companies and compare their performance in combined reports.
Cost AccountingCalculate standard and actual costs and show cost allocation details on the product cost card.
Budget & CreditsBudget expenses and revenues and compare operational documents against allocated credits.
RevenueRecord revenue items and track invoices and collections in connection with contracts.
Benefits of the Cyber ERP Financial Management solution
Fewer duplicate entries through automatic financial vouchers
Control over receipts, payments and petty cash
Comparison of resource consumption against budgets and credits
Calculation of asset depreciation and actual cost
Performance review with financial statements and ratios
- Fewer duplicate entries through automatic financial vouchers
- Control over receipts, payments and petty cash
- Comparison of resource consumption against budgets and credits
- Calculation of asset depreciation and actual cost
- Performance review with financial statements and ratios
Cyber ERP Financial Management features
Fewer duplicate entries through automatic vouchers- Account analysis at multiple levels
- Tracking of local- and foreign-currency vouchers
- Ledgers and trial balances
- Organized account closing process
- Opening and closing entries generated
- Balance sheet and income statement preparation
- Calculation of the financial ratios your organization needs
- Status tracking of notes receivable and payable
- Receipts and payments recorded by bank and cash fund
- Control over petty cash documents and attachments
- Treasury operations linked to accounting entries
- Access to asset profiles and locations
- Depreciation calculated according to defined rules
- Tracking of asset costs and value changes
- Asset transactions linked to accounting
- Less manual collection of company data
- Harmonized reporting headings
- Comparison of unit performance over a common period
- Traceability of figures in consolidated reports
- Standard and actual product cost calculation
- Transparent allocation bases for labor and overhead
- Use of actual accounting and production data
- Material and operation shares shown on the product cost card
- Budgeting by unit and heading
- Tracking of credit allocations and transfers
- Related documents checked against the budget
- Analysis of variances from the approved budget
- Categorization of revenue sources and items
- Tracking of invoices and outstanding receivables
- Revenue linked to customers and contracts
- Revenue comparison across periods
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Frequently Asked Questions
How is the price of the CYBER ERP Financial Management solution calculated?
Pricing depends on the subsystems you select, the number of users and the deployment model (on-premises or cloud). Complete the demo request form to receive a tailored quote.
Can Financial Management be purchased separately from other modules?
Yes. Each module can be deployed on its own, and further modules can be added later without migrating your data again.
How does Financial Management integrate with the rest of the organization?
All CYBER ERP modules share one database, so transactions in one department are posted automatically to the related areas, with no duplicate data entry.
How long does a Financial Management implementation take?
The timeline depends on the size of your organization and the number of subsystems. It covers process analysis, installation, data migration, user training and post-launch support.