The finance management module of eLite BAM provides the core accounting functions of general ledger, general journal, chart of accounts, bank reconciliation etc. to help organizations address all of your accounting and reporting needs.
eLite BAM empower you with the automation of your core business aspect i.e. Finance. You can now see all accounting entries happening in front of you automatically. You can also visit different reports regarding analysis of your business. Also it includes the location/segment wise accounting visibilities.
See all the financial entries in a single place and analyze all the Debits/ Credits. Select the transaction period you want to know and see all the financial transactions held in the defined time range.
Generate journals, recurring journals, multi-line vouchers for transactions based on accounting policies and rules defined by accounting standards. Commercial transactions, intercompany transactions, allocations, depreciation, accruals, and reversals can all be captured and entered immediately
Define all the bank accounts of the company in the system for reference and the processes like Bank reconciliation process and TDS calculations are automated in eLite BAM. Maintain the business account details in CRM and transactions held with those accounts. Also it helps in managing TDS and provides you the tax liabilities automatically.
Route/ Assign work to the concerned department which will decrease the overall TAT. eLite BAM helps you routing any payment or approvals for a payment to ensure the process adherence for any payment made or received.
Now see all the activities with activity logs on every transaction to track what has been done by whom to minimize errors. It also helps you to track any changes in transactions to keep a check on any unexpected errors and rectify or escalate them as soon as possible.
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