Config Accounting / Financials

The CONFIG® ERP Financials solution, which is part of CONFIG Business Suite software, delivers a complete, integrated financial management solution to ensure compliant, predictable business performance. An essential building block of your enterprise business strategy, CONFIG ERP Financials provides a solid foundation to expand your business, realize greater efficiencies across key financial processes, and help ensure compliant and accurate accounting and financial reporting.

CONFIG ERP Financials

Through its core applications, CONFIG Business Suite supports all essential business processes, including customer relationship management, financial management, human capital management, asset management, product life-cycle management, supplier relationship management, and supply chain management. CONFIG Business Suite applications are built on service-oriented architecture (SOA) to help companies adapt to accelerating change. Powered by the CONFIG EDI® technology platform, they give companies the opportunity to integrate their value chains, leveraging CONFIG and non-CONFIG solutions.

CONFIG® Business Suite software enables enterprises to execute and optimize their business and IT strategies. Its modular software is designed to work with other CONFIG and non-CONFIG software to provide broad support for an organization’s essential business processes. Organizations and departments in all sectors can deploy the software in a stepwise manner to address specific business challenges on their own timelines and without costly upgrades. CONFIG Business Suite provides better insight and visibility across organizations, improves operational efficiency and effectiveness, and increases the flexibility to address business change.

During this time of economic uncertainty, a company’s decision makers need to know that the information they receive is both current and accurate. To achieve this, your business must establish a single version of the truth for all its employees. The CONFIG ERP Financials solution can help. Besides letting you streamline financial processes, optimize working capital, mitigate financial risks, and comply with global financial reporting standards, the software offers robust financial and managerial accounting and reporting functionality to support confident decision making. Over 300 global companies rely o CONFIG to provide the foundation for their financial management requirements.

Business decision makers today have a greater need for relevant, accurate information than ever before. They require integrated reporting tools that give them the power to quickly identify the factors impacting the business. Together with the CONFIG Business Objects portfolio, CONFIG ERP Financials offers powerful functionality that meets your most demanding accounting and financial reporting requirements.

Not very long ago, the scope of a finance organization’s responsibility was limited to managing financial transactions and generating periodic financial statements and management reports. Today business is more complex.
We live in a global economy with financial professionals expected to meet a far wider range of challenges than ever before.
As a financial professional, you must produce accurate, timely financial reports that satisfy global accounting and regulatory compliance standards that vary by industry and by country. Your financial management software must support internal controls and compliance standards to help ensure transparency of your company’s accounting practices. On top of that, you need its support in streamlining critical financial processes, such as the financial close cycle, accounts receivable, accounts payable, and cash and financial risk management.
Business decision makers today have a greater need for relevant, accurate information than ever before. Inaccurate or out-of-date reports can lead to bad decisions. Executives, managers, and frontline employees require integrated reporting tools that give them the power to quickly identify the factors impacting the business and help them make decisions that improve performance. Together with the CONFIG Business Objects™ portfolio, CONFIG ERP Financials offers powerful functionality that meets your most demanding accounting and financial reporting requirements. In addition, finance professionals need to manage the cash conversion cycle and overall working capital more efficiently.

Through automation and greater insight into the accounts receivable and accounts payable functions, businesses can improve cash flow, reduce day’s sales outstanding, optimize working capital, and mitigate financial risks. In short, finance professionals must manage increasing complexity. CONFIG provides the comprehensive financial management software you need to help your finance organization harness this complexity while gaining key insight that leads to better business performance.

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Multi-Year Reporting

ERP Accounting Statistics

Compare budgets and financial results across multiple years within your General Ledger reports and Financial Statements. As your business grows over the years, you will be able to use this functionality to get improved trending analysis, better research, and more accurate forecasts based on prior year activity.