iSMARTS/ Finac is a suite covering various modules such as accounts receivables, general ledger & accounting and accounts payables.
Accounts Receivables is interfaced with the Billing and GL/ Accounting System. It offers rich features for handling multiple payment types and performing ageing reports. It provides forex based profit and loss computations besides rich analytics billing and collection efficiency perspective.
Accounts Payables handles multiple payment transactions involving SWIFT/ EDI etc. to variety of suppliers and interfaces with automated bank accounts, payroll systems, profit and loss etc. It does the traditional supplier bill processing and payment functions other than ageing analytics and accounting record generation.
General Ledger and Financial Accounting (GL) is the backbone of all the accounting transactions in the iSMARTS System. The GL provides sophisticated features to set up and maintain books, ledgers and journals necessary in finalizing the financial accounting, statutory and internal organization needs. It interfaces with all the accounting sub-modules relating to employees, suppliers and customers, besides providing control features within the system to manage the reconciliation needs with diverse sub-systems. It also supports budgeting and forecasting needs, besides providing a rich enquiry and advanced search capabilities.