In today's competitive world, for any organization, sound financial planning and management is very important to ensure sustained growth and good health of business. For enabling this, you need to have an end-to-end view of your business finances. Books Nirvana Finance & Accounting helps you to achieve all this and a lot more. The solution can help transform your hitherto administrative financial tasks into well-synchronized processes to enable the best possible financial supply chain management.
With Books Nirvana Finance & Accounting, you can automate your entire financial management process. It is the most comprehensive end-to-end, full-fledged, self-contained financial management system that is so essential for monitoring your bottom-line and streamlining your entire financial management process. It helps you to maximize profits and maintain liquidity & financial stability in the most efficient way. The solution helps your finance department to strengthen short-term performance, and enable long-term growth.
Available via Cloud as well as on-premises model, Books Nirvana Finance & Accounting offers full suite of components that can handle the processes involved in General Accounting, Receivable Management, Payable Management, Fixed Assets Accounting besides providing features for dealing with tax regulations.
Books Nirvana Finance & Accounting empowers you to obtain online, up-to-date information, set higher standards for operational excellence, mitigate risks and comply with statutory rules and regulations. You can also perform Inventory costing and tracking and value your fixed assets as they are installed and removed. You can administer your payables and receivables through seamless integration between financials, sales and execution functions and enhance enterprise-wide performance.
What's more, Books Nirvana Finance & Accounting supports transactions to be carried out in multiple currencies for multi-national, multi-statutory scenarios. This is of immense significance while handling imports to and exports from different countries. The solution is capable of catering the requirements of multi-locational global enterprises as well as small organizations with local operations.
Long hours, mismatched figures, audit nightmares have traditionally been a major concern for Accounts departments across organizations, worldwide. In such challenging scenarios, Books Nirvana Finance & Accounting’s General Accounting solution can be an ideal solution that provides flexibility under changing business scenarios and assures availability of accurate MIS reports based on real-time data.
Designed to handle multiple groups, companies and business divisions, the General Accounting module of Books Nirvana Finance & Accounting solution can meet all your financial consolidation requirements - starting from a single company to the Group hierarchy. You can benefit from a consistent definition of Chart of Accounts for Posting, Reporting and Consolidation. You can handle multiple currency conversions for statutory reporting. The solution is fully integrated with Books Nirvana's Inventory, Production and Payroll modules.
Managing your Account Payables simply does not stop with recording supplier bills and accounting for expense of creditors. Your Payable Management system must allow you to pay within due dates to maximize discounts, shuffle priorities in a crunch, batch together payments as per criteria that is specific to your business, and resolve differences. Books Nirvana Finance & Accounting’s Payable Management module enables you to do all this and a lot more. The solution empowers you to take effective control over cash flows while making payments by checking for unadjusted prepayments and Bank/Cash balance availability.
You can automate your hitherto administrative, time-consuming processes and reduce transaction costs through a host of features like Supplier Invoice, Debit/Credit Notes, Advances & Deposits, Supplier Payments, Sundry Payments and Statements and Sub Ledger. The solution is tightly integrated with Books Nirvana Inventory module, which enables you to effectively track liability created from receipt of goods and services.
Books Nirvana Finance & Accounting’s Receivable Management module is designed to empower your business and to provide you an up-to-date monitor to track the most critical component of your business, your working capital. This will enable you to manage customer receivables in the most effective way. The solution allows you to handle all your varied processes such as Customer receipt application, Balance adjustments and transfers, Credit risk management, and Reporting. You can now make centralized collection for invoices raised in multiple locations, record Debit/Credit notes, adjust them for any discrepancies, and manually create receipts with automatic adjustments.
Books Nirvana's Receivable Management solution is also closely integrated with Books Nirvana's Sales, Shipping and Inventory applications to process sales invoice accounting in real-time. The solution also helps you move on to a collaborative mode with your customers.
Books Nirvana Fixed Assets Accounting solution comes with a host of features and automated tasks that makes dealing with your physical assets almost effortless. Whether it is simple equipment or a complex plant and machinery, the solution enables you to keep track of your assets, in the most detailed manner. For existing assets, you can also bring in Fixed Assets opening balance from the legacy system and create various asset classes and depreciation rules.
With Books Nirvana Fixed Assets Accounting, you can handle all activities involved with asset management, through multiple depreciation rules, ranging from acquisition of assets, expense capitalization, and calculation of depreciation to revaluation of assets, tracking of asset transfers and sale/retirement of assets.
Books Nirvana Finance & Accounting’s Taxation features include setting up tax elements and rules in pricing procedures used for customer and vendor invoices. Next, we can define the integration rules for connecting procedure elements to the chart of accounts under Automatic Account Determination feature for automatic posting of tax amounts to the General Accounting. Further, each pricing procedure can be populated with multiple default % values in shape of pricing slabs providing for easy entry and / or selection.
The solution enables you to compute tax liability and remit taxes to the Government agency in the most simplified and automated manner.
Books Nirvana's Travel Management feature provides your employees with an end-to-end facility to manage their travel — from the time they plan their travel and solicit approvals to finally filing for expense claims for reimbursement. Special payments feature dedicated for tracking net payable management of such expenses.