Priority - Financials
The financials module supports a variety of billing methods, fixed asset capabilities, cash management, cost control, budget control, and financial statement generators.
Priority Supports a variety of billing methods and functions. These include project-based billing, recurring revenues (services, rentals, etc.), pre-defined payments terms, delivery based billing and more. These proconfigured, field-proven capabilities make invoicng and cash flow management a matter of automated control, rather than a labour intensive, time consuming and error-prone manual process.
Priority's fixed asset capabilities are seamlessly integrated with its purchase management module and the General Ledger, providing complete lifecycle tracking and deprecation of assets, from purchase to retirement.
Priority's cash management solution provides for complete, detailed monitoring of Order-to-Cash and Purchase-to-Pay processes, with built-in BPM enabling close tracking of Days Sales Outstanding, aging and cash-flow projections.
Manage and control costs using multi-dimensional profit and cost centres.
Budget versions, budget periods, budget trees, and BPM are tightly integrated into the organisation's business activities. From the purchase through delivery, including interdepartmental services charges and inventory transactions.
Financial Statement Generator
This generator is used to customise financial statements (e.g. balance sheets, profit and loss reports, trial balances, and supporting schedules.)