CFT is Management accounting

"CFT is Management accounting" ^[1] - a complex of applications for collecting and data analysis about financial activities of the credit and financial organization.

Description

Use of applications helps with operational informing the management of bank, investors about keyword parameters of activity of bank.

"CFT is Management accounting" provides centralization of details and allows to create a common information space of bank where each employee, irrespective of his location, has an opportunity to work with the single database.

Advantages

• The complete and operational reporting under all financial and economic activities (consolidated or under divisions) at any moment.
• Operational management of financial and material flows of bank by separate legal entities, the centers of the financial responsibility (CFR), cash desks, checking accounts, warehouses.
• Plurality of accounting systems and currencies of accounting (multicurrency), possibility of support of any number of charts of accounts (corporate chart of accounts, chart of accounts of GAAP, IAS and others).
• Possibility of transfer of necessary data in accounting of structures of bank for their reflection in accounting and formations of the external official fiscal reporting.
• The organization of export of data to the systems of intellectual processing (OLAP type) for creation of difficult reports (graphics, dependence, function).
• Accounting of operations on calculations in not a monetary form (offset of mutual requirements, payment by securities, goods and other forms).
• Flexible and available configuration of accounting items and postings on accounts after the changing external and internal conditions of business.
• The uniform centralized input of documents and transactions which is not requiring additional jobs.
• Ensuring budget performance monitoring.
• High degree of protection of data (electronic signature, enciphering, digital certificate).
• The flexible system of a regulation of the rights and ensuring access control to system objects.
• Integration with traditional corporate systems of an accounting and inventory control.
• Access to a system via the Internet.

Notes