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By EfroTech

Current Version: 2.1 
Product Description  


Making financial analysis easier and more accurate than ever before, Efro-Financials is a comprehensive system that provides complete integration between different modules and gives you the information needed to tighten control over payables and receivables, improve cash flow, and react to business cycles.

Revolving around the General Ledger, Accounts Receivables and Accounts Payables, this powerful module combines recurring and adjustment entries and can collect data from other business applications!

Click on to read more about this product, its features and benefits.

The absence of computerized financial systems is a major constraint for today's finance managers to fulfill reliable and real-time reporting needs of the top management. Human errors, high amount of reconciliations, duplication of work and lesser productivity per individual are common problems associated with manual paper-based financial reporting systems.

Efro-Financials provides complete integration and gives you the information needed to tighten control over payables and receivables, improve cash flow, and react to business cycles.

EfroFinancials – General Ledger

Offering a customizable 7 - level chart of account, this powerful module combines recurring and adjustment entries, general journal entries, and collects data from the other business applications from EfroTech, resulting in a comprehensive database for all financial analysis. General Ledger maintains complete audit trails of all transactions and gives you the ability to run monthly as well as interim financial statements for a real-time view of your financial status

Chart of Account Setup
Journal Entries
General Ledger Inquiry
Preliminary Year-End Close
Recurring Journal Entries
Posting Adjusting entries
Detailed General Ledger Posting
Historical Data
On Demand Financial Reports
Account Detail Drill Down
Approval & authorizations
Consolidated Financial Reports
Inter-Company Transactions
User-Defined Financial Formats
Multiple Companies
Supports Either a 12 Or 13 Period Year
Automatic or Manual Posting
Profit and Loss Statements

Efro-Financials - Accounts Receivables

Proper management of Accounts Receivable has a positive impact on cash flow and reduces bad debt. With Efro-Financials Accounts Receivables (AR) module, complete customer information including; Open invoices, payment history, check history, credit information, open orders and sales history are available at the touch of a key. The AR module also provides an up-to-date receivables aging analysis, customer balances statements, option for setting up finance charges and a flexible cash receipts program to allow users to easily post cash to customer accounts, enter adjustments and track returned checks.

Users can split payments across multiple accounts, apply payments and credit notes to specific invoices, record overpayments, track write-offs etc. Conditional emails can be sent to credit managers, when returned checks are entered. AR module integrates with Sales/Exports, Order Processing, Human Resources and Materials Management.

AR - Core Features

Customer Setups
Credit type setups
Cash Receipts
Customized Aging setups
On-line Credit Check
Customer Inquiry
Finance Charges
Multiple Company
Multiple Bank Accounts
Credit and Collection Processing
Detailed Invoice History
Customized AR Statements
Payment Tracking
Direct Invoice Entry
Invoice Adjustments
Closing Dates
Cash Flow Projection Report
Split or Partial Payments
Email and data export option

Efro-Financials - Accounts Payables

EfroTech's Accounts Payable (AP) module helps manage a company's expenditures. This application maintains complete vendor information, including unlimited contacts, e-mail addresses, purchase order address, NTN and other financial information. General Ledger accounts and pre-set distribution percentages, can be defined for each vendor. Powerful

inquiries provide instant access to vendor information including invoices, debit notes, credit notes and payments. A detailed log of open purchase orders as well as open accruals can also be viewed or printed on demand. Efro-Financials AP module provides necessary reconciliation of purchase orders, receipts and invoices, and conditional alerts in case of accounts payable invoice discrepancies. All transactions are posted to the General Ledger and include detail account drill-down capabilities to view specific transaction history. AP module integrates with Materials Management, Production Shop-Floor Control and Human Resources.

AP - Core Features

Vendor setups
Purchase agreements/quota setup
Automatic Reversals
Inter-Company Payables
Onetime Vendors
Detailed History
Purchase Transaction Journal
Cash Disbursements Journal
Customized Payment Terms
Cash Requirements Report
Payment Selection
Payment StatusCustomer Setups

Security and Integration

Efro-Financials comes with a comprehensive administration utility for assignment of access rights and user privileges to relevant system users. Access to data and reports in Efro-Financials can be secured by user ID, and users can choose to view saved reports on the screen or print them. In addition, System 2000's spreadsheet export option allows authorized users to move financial data to any spreadsheet program for greater report flexibility and analysis.

Efro-Financials can be integrated with any other proprietary systems or business application from EfroTech, including Time management & Payroll, Materials Management, Human Resources, Production Planning & Control, Exports management, to name a few.

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Note: The vendor profile above for (EfroFinancials
) is not written by Accounting Software 411. Information is provided and maintained by the vendor EfroTech and/or by third party sources. Accounting Software 411 confirms basic company data prior to posting a profile. The above information is not a review or endorsement by Accounting Software 411 of the product.

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