FINANCE

The financial management in RPS is grouped under two principal modules, the module of Accounting that permits global management of the accounting environment, specifically: General accounting, Taxes, Analytic accounting, Budget accounting and property management; and secondly, the treasury module that gathers all functionalities relative to the accounts receivable and payable.


Related Content
“Financial operation for the global and extended industry”

FUNCTIONALITIES

    Accounting module:

    • Automatic integration of entries arising from any financial or property movement of the company.
    • Wizard for introducing accounting entries: entry types and note templates and modification of the type of entry.
    • Display of the accounting breakdown of debts to third parties.
    • Manual and automatic bank reconciliation.
    • Loading of bank statements according to the rules of each country depending on the location availability.
    • Classification of the accounting information by origin via various journals and accounting concepts.
    • Treatment of the specifics of each company for VAT purposes, including VAT paid and charged.
    • Tax information (Purchase Ledger, Sales Ledger and VAT settlement).
    • Official documents according to legal regulations in each country depending on the location availability.
    • Budgetary control by character, costs and projects.
    • Assisted Provisional Closing of the tax year. Automatic opening.
    • Legal Reports (list of journals, ledgers, normal and consolidated trial balance, list of ERS).
    • Customisable reports of the annual accounts.
    • Consolidation of financial information.
    • Budgetary control of analysis by department and project with the possibility of printing statement of movements.
    • Management of fixed capital assets with different depreciation criteria per item including depreciation simulation.
    • Lease contracts and loans with fixed and variable interest rates. Payment of fees, reclassification of the period and option for purchase.


    Treasury module:

    • Automatic generation of the effects arising from invoices and credit notes.
    • Automatic accounting and automatic analytical allocation of the effects managed in collection and payment processes.
    • Calculation, accounting and analytical allocation of interest, exchange differences, commissions, expenses and VAT associated with the management of collection and payment for each bank.
    • Treatment of remittances at discount and at maturity.
    • Payment collection management.
    • Management of payments through instalments, money orders, transfers, cheques and promissory notes, controlling issue date of the last two.
    • Local bank norms in each country depending on the location availability.
    • Parametrisation of other means of collection and payment used by the company.
    • Management of arrears and claims.
    • Division and draft group.
    • Payments to customers.
    • Other planned payments not related to purchases, credits (rent, insurance or those specified by the company).
    • General or discriminating Treasury Forecast by collection manager, bank, means of payment and collection, and situation of the effects.
    • Receipt printout justifying the payment made.
    • Non-payment log.

BENEFITS

  • Internal tool for managing the Company Accounts, independently or integrated with all areas of the company.
  • Generation of all reports required by the Authorities.
  • Accurate information for controlling the current situation and for the treasury forecast.
  • Accurate information for negotiation with the financial entities.