A financial application is a software program that facilitates the management of business processes that deal with money.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Types of finance applications include:
accounts payable software - allows a business to stay on top of outstanding payments and make sure all payments are made correctly and on time.
accounts receivable software - allows a business to efficiently manage customer activity and automate invoice processing to ensure timely revenue collection.
bank reconciliation software - simplifies the monthly reconciliation process for a business by integrating bank accounts, automatically identifying unrecorded transactions and locating differences between the bank statement and the general ledger.
bill of materials (BOM) software - gives businesses the ability to track production costs and accurately compare it to expected costs.
budget management software - provides forecasting and planning tools to help business make informed decisions during the budgeting process.
consolidations software - provides businesses tools for consolidating multiple ledgers on an ad-hoc basis.
credit card process software - allows a business to efficiently authorize and process credit card payments and capture important transaction information.
financial modules software - helps a businesses to take full advantage of all the data in their financial system and view finance holistically.
fixed assets software - simplifies the process of registering assets, managing assets, locating ghost assets and depreciating assets.
general ledger (GL) software - provides businesses with the ability to streamline double-entry bookkeeping and accounting transactions.
multi-currency software - allows a business to post transactions to the general ledger, generate invoices for customers and process credit card payment with current exchange.
payroll software - gives business the ability set up multiple payroll rates, taxes, leave accruals and options for direct deport and personal deductions including 401 K retirement plans and child support.
project accounting software - allows a businesses to manage the people, processes and costs for individual projects. Provides project managers with the ability to store all project related information in one place.
remote data capture software - allows a customer to scan checks remotely and transmit the check images over the Internet to a bank for deposit.