Financial Management
Financial Management is the foundation of any ERP system. No matter what the business is, the money must be kept flowing, and the flow of money must be tracked. The tools which help to manage the capital resources of the business are part of NAV 2015's Financial Management module. These include all or part of the following application functions:
- General Ledger: Manages overall finances of the firm
- Cash Management and Banking: Manages inventory of money
- Accounts Receivable: Tracks the incoming revenue
- Accounts Payable: Tracks the outgoing funds
- Analytical Accounting: Analyzes the various flows of funds
- Inventory and Fixed Assets: Manages the inventories of goods and equipment
- Multi-Currency and Multi-Language: Supports international business activities
The Financial Management section of the Departments menu looks as follows:
