Finance and Accounting Accounting notes | Payments and receipts | Forecasts | Income and cost centers | Budgets | Cashflow Accounting affidavits
Payments & Proceeds
Forecasts
Income and cost centers
Budgets
Cash flow
ERP for Finance and Accounting

Total control of the company’s financial operations

SeniorERP offers flexibility and utility to both small and medium businesses, but also to large companies with complex activity – with many subsidiaries, offices and various currencies.
Monitor the company’s performance in real time, accurately operate payments and receipts, track budgets, forecast revenues and make the most appropriate decisions for your business with ERP for Finance and Accounting.

Internal process control, cash flow tracking, goal setting and management in general are information-based. They can make the difference between a successful business and the rest of the companies.”

Raul Ghiman – Todoceram

An integrated ERP system helps you to:

Decrease the time spent processing documents

The accounting notes are generated automatically, based on user-defined formulas.

Complete visibility over financial and accounting operations

All users work in the same system, and the data is updated in real time.

SeniorERP

Submit on-time the reports and statements requested by the state

Any report or statement can be generated at the touch of a button, directly in SeniorERP.

Increase payment and encashment accuracy

Any payment or encashment is linked to the source document, and can be verified in just a few seconds.

We have implemented SeniorERP to automate the main processes in the company and manage financial flows more efficiently, but also to better analyze the profitability of products.”

Nicolae Florea – Total Tools

Accounting functionalities in SeniorERP

Accounting notes

A major advantage offered by the SeniorERP implementation is automating repetitive operations. Thus, almost all accounting records in the ERP are generated automatically, according to the desired configurations.

In exceptional cases, the accounting notes can be added manually, if corrections are required, or they can be regenerated collectively, if certain parameters have changed after their generation.

Learn More!

Accounting period

Closing the accounting of an operational month involves extensive verifications by the accounting department. In SeniorERP these different types of checks are automated and there is the possibility to create, validate, close or reopen an operational month. The ERP system allows working / editing in previous months or simultaneously in several months, as long as they are not closed.

Learn More!

Account plan

Due to an efficient approach to the structure of the generated accounting records, it is not necessary to create a large number of analytical accounts. Thus, the balance of accounts is kept in an accessible structure, without affecting the possibilities of detailing the accounting statements on the component amounts and sources of provenance.

Learn More!

Fixed assets

The operations applied to fixed assets throughout the operation, as well as the managers and their location within the company, are monitored in detail.

SeniorERP allows the implementation of a configurable number of financial depreciation standards, automatic calculation of depreciations, generation of accounting affidavits and distribution of costs by centers according to the predetermined criteria.

Learn More!

Income and cost centers

In SeniorERP it can be easily configured both the structure of cost/income centers and the formulas for automatic distribution of transactions by centers. There are no limits in terms of structure and number of the centers. In order to provide drill-down reports, the organization of the centers is tree-like, starting from the aggregated indicators and going towards detailed information.

Clearings

Use SeniorERP’s clearing minutes to cancel the maturities of a debtor partner with the equivalents from a creditor partner. The system allows the clearing of both the documents issued in RON and of those issued in foreign currency, in which case the amounts are equated to a selected exchange rate.

ERP for Finance and Accounting
Accounting affidavits

A major advantage offered by the implementation of the SeniorERP system is that of automating the repetitive operations. Thus, almost all accounting records in the ERP are generated automatically, according to the desired configurations.

In exceptional cases, the accounting affidavits can be added manually, if corrections are required, or they can be collectively regenerated, if certain parameters have changed after their generation.

Accounting period

The process of accounting closure of an operational month involves extensive verifications by the accounting department. In SeniorERP these different types of checks are automated and there is the possibility to create, validate, close or reopen an operational month. The ERP system allows the operation in the past or simultaneously in several months, as long as they are not closed.

Account plan

Due to an efficient approach to the structure of the generated accounting records, it is not necessary to create a large number of analytical accounts. Thus, the balance of accounts is kept in an accessible structure, without affecting the possibilities of detailing the accounting statements on the component amounts and sources of provenance.

Fixed assets

The operations applied to fixed assets throughout the operation, as well as the managers and their location within the company, are monitored in detail.

SeniorERP allows the implementation of a configurable number of financial depreciation standards, automatic calculation of depreciations, generation of accounting affidavits and distribution of costs by centers according to the predetermined criteria.

Income and cost centers

In SeniorERP it can be easily configured both the structure of cost/income centers and the formulas for automatic distribution of the transactions by centers. There are no limits in terms of structure and number of the centers. In order to provide drill-down reports, the organization of the centers is tree-like, starting from the aggregated indicators and going towards detailed information.

Clearings

Use SeniorERP’s clearing minutes to cancel the maturities of a debtor partner with the equivalent ones from a creditor partner. The system allows the clearing of both the documents issued in RON and of those issued in foreign currency, in which case the amounts are equated to a selected rate.

ERP functionalities for Financial and Accounting

Forecasts

Easily record in the ERP system checks and promissory notes received from the customers, as well as forecast refusals.

Profit & Loss

Monitor in a graphic and intuitive format the evolution of profit and loss accounts, in order to make the most suitable decisions for your business.

Cash flow

In SeniorERP the cash flow is presented both in tabular format, divided into components, as well as graphically, easy to understand and monitor.

Document traceability

For each completed document the system displays, in the form of a diagram, its previous and subsequent distributions.

ERP Functionalities for Finance and Accounting

ERP for Finance and Accounting
Import of account statement

The banking import functionality is intended to introduce bank transactions directly into SeniorERP based on the account statement, in the standard format issued by the bank.

Due to this functionality there is no need to enter the operations manually into the system. You can view, edit or even import any operation within the statement into SeniorERP. In addition, it is possible to distribute the transactions from the account statement on documents already existing in the system.

Import of merchant summary slips

Easily add the files with transactions of proceeds issued by the couriers and by the online payment processors to SeniorERP.

Once imported into the system, the transactions can be distributed with just a few clicks on the related documents.

Checking on partners mfinante.ro & VIES

Quickly checks, directly in the SeniorERP application, the tax data of the partners: the status and tax code of the companies, whether or not a particular company is paying VAT, the history of the VAT register on proceeds.

Validates VAT registration numbers belonging to economic operators registered in the European Union for cross-border transactions in products and services.

Statements

SeniorERP allows the automatic generation, directly in the application, of all declarations required by the financial-accounting legislation: 300, 390, 394 and Intrastat. They comply with all legal provisions and can be easily validated, exported and submitted on the Ministry of Finance website.

Learn More!

Companies that chose SeniorERP had obtained up to:

%

automated accounting operations

%

information accuracy

%

data safety

Erp functionalities for Finance and Accounting

Initial balance

Before starting the implementation, it is necessary to initialize the starting data on the balances of the cashiers, of the bank accounts and of the partners.

Closing and reassessing the balances

Useful for highlighting the customers who have become uncertain and the component of their balance, respectively for updating their foreign currency balances at a current exchange rate.

Cash desk operations

Through them, the documents that affect a cashier’s balance are tracked, the cash journal being automatically generated at the end of each day.

Income and expenses in advance

Easily records income and expenses made in advance and then extinguishes their effects through the advance closing documents.

Bank operations

Through this functionality the issued/received cheques and promissory notes are tracked, together with the date of issue/reception and the due date.

Advances and settlements with the personnel

SeniorERP allows the registration and association in a single statement of several advances that can be extinguished with several supporting documents.

After a serious analysis, the Senior Software solution package was  the one that best responded to our needs and the one that convinced us by its remarkable adjustment to the Romanian legislation and the realities of the local business environment.”

Radu Muntean – Baneasa Moara & Baneasa Paste

ERP for Finance and Accounting

Automate accounting processes

SeniorERP provides flexibility and utility to both small and medium-sized commercial companies, as well as large companies with complex activity (with many subsidiaries and places of business, various currencies).

The accounting of the foreign currency operations complies with all the usual requirements, including the automatic generation of course differences.

All accounting notes are generated at the branch level, so that it is possible to issue the accounting balance at the branch level, if applicable.

Improved cash flow

Monitors cash flow in tabular format, divided by components, as well as graphically, easy to understand and monitor.

Apply corrective measures in advance, making decisions regarding the documents with a long overdue deadline.

Use warnings or even blockages against issuing new documents to bad-paying customers.

ERP for Finance and Accounting

Improved cash flow

Monitors the cash flow in tabular format, divided by components, as well as graphically, easy to understand and monitor.

Applies corrective measures in advance, making decisions regarding the documents with a deadline that is long overdue.

Uses warnings or even blockages against issuing new documents to the bad debtor customers.

With the increase in sales volume, the implementation of an ERP solution has become a necessity. The programs we were using were no longer meeting our requirements. The experience in the market and validation given by other companies convinced us to collaborate with Senior Software.”

Abram Arpad – Bauder Romania

ERP for Finance and Accounting

Optimize budgeting and financial planning processes

Easily define a structure of revenue and cost centers, along with the formulas for distributing the transactions.

Set up monthly budgets and easily tracks forecasted budgets in relation to those in progress and those already concluded.

Track ongoing expenses to gain control over forecasted budgets.

Facilitate decisional processes

You have full visibility, anytime, on the operations carried out within your company.

Any information is updated in real time, and its effects on all indicators are immediately visible.

All departments work on the same system, which means you don’t lose sight of any component of the business.

ERP for Finance and Accounting

Facilitates decisional processes

You have full visibility, anytime, on the operations carried out within your company.

Any information is updated in real time, and its effects on all indicators are immediately visible.

All departments work on the same system, which means you don’t lose sight of any component of the business.

Extend the capabilities of the ERP system with:

You want to know if SeniorERP is right
for the needs of your company?

Companies that have automated their activity using SeniorERP: