The cloud financials solutions are based on the rapid approach methodology with minimum implementation of a 4 week timeline. SMEs can rapidly access innovative technology, and make available financial information in a short period of time. Inability to monetary fund’s like loans may be disadvantaged by the lack of enterprise financial information. With the Oracle Cloud offering by New Point, the enterprise can configure their solution to provide the required financial information and further make use of the reporting functionality for purposed information reporting.

Detailed Solution:

• Manage Assets

• Manage Fixed assets

• Manage asset impairment & retirement

• Manage asset details

• Manage asset locations

• Manage asset employee assignments

• Manage asset category

• Asset Depreciation

• collections strategies

• Pre-configured correspondence templates

• Streamlined customer & transaction management

• Efficient payment processing

• Streamlined payment & promise tracking

• Automatic work assignment & Correspondence execution

• Simplified setup and system maintenance

• Real-time spending control for procure-to-pay transactions

• Control for accounts, project and resource costs

• Spending limit overrides

• Automatic creation and liquidation of encumbrance journals

• Budget consumption monitor

• Robust reporting and analysis

• Bank Reconciliation

• Import Bank Statement

• Auto / Manual Bank Reconciliation

• Reconciliation Tolerances

• Manage External Transaction

• Auto Transaction Creation from

• Bank Statement

• Cash Management & General Ledger reconciliation

• Mobile entry for expenses

• Automated support for accounting and project allocations

• Embedded transactional intelligence guide approvers’ decisions

• Out-of-the box imaging integration

• Unique approval routing for project and cost centre expenses

• Reporting dashboard

• Smart View

• OTBI

• BI Publisher

• Journal entries

• Manage recurring/ allocating journals

• Journal approvals

• Budget journals

• GL reconciliations

• GL reports

• Manage suppliers

• Manage supplier invoices

• Supplier Payments

• Invoice approvals

• Withhold On Invoices

• Invoice taxing

• Payment Printing

• Payment Voiding / Hold / Reissue

• Payables & General Ledger Reconciliation

• Disbursements

• Funds Capture

• Manage Customers

• Manage Customer Invoices

• Manage Customer Receipts

• Invoice Adjustments

• Credit Memo Applications

• Credit Card Receipts Processing

• Receipt Reversal / refund

• Auto Receipt Application

• Customer Receipt Remittance

• Receivables & GL Reconciliation

• Reporting platform with embedded Essbase

• Proactive monitoring of account balances

• Centralized accounting engine

• Multiple accounting representations

• Supporting references that track balances beyond the chart of account

• Multi-currency journals and multiple balancing segments

• Inbuilt functionality

• Jurisdictions

• Tax regimes

• Tax types & rates

• Tax rules

• Automatic calculation