QAD Enterprise Financials Software Review

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QAD Enterprise Financials

QAD Enterprise Financials is an efficient and powerful solution that helps companies of all levels manage their finances while ensuring that all regulatory and compliance needs are met. QAD Enterprise Financials gives companies multiple views into the company’s finances and helping to provide the proper reporting to the decision makers.

QAD Financials ERP Software Key Features:

  • Financial Analytics: Ensures overall state-of-the-business analysis as strategic options are analyzed
  • Management Reporting: Makes Board Reporting easier and decision making made clear with flexible, graphical reporting tools for the CFO
  • Multi-GAAP: Provides multiple accounting layers allowing for multi-GAAP reporting from a single set of books
  • Budgeting: Quick, flexible, collaborative budgeting process
  • Governance, Risk and Compliance: GRC helps companies stay compliant and minimizes costs of compliance to government regulations such as Sarbanes-Oxley (SOX), IFRS, FDA 21 CFR Part 11 and other governance requirements
  • Consolidations: Provides quick and complete consolidation process
  • Allocations: Provides the power of controlling and allows distribution of costs and revenues to appropriate accounts, sub-accounts, cost centers and projects
  • Financial Shared Services: Provides centralization and rollout of standards corporate wide while creating economies of scale to reduce back-office costs while supporting growth
  • Credit Management: Ensures visibility of customers with credit issues and provides management of customers on credit hold for order or shipment processing
  • Tax Management: Provides tax solutions that serve the different sales, use and VAT taxes globally; ensuring correct tax registrations and smooth tax reporting
  • General Ledger: Ensures all financial data is quickly accessible, allowing for drill down and dynamic, flexible corporate reporting for critical business decisions
  • Multi-Currency: Enables doing business in any currency and managing the global company simpler by processing, paying and receiving money in any currency
  • Accounts Receivable: Provides full control of the total process between billing and customer payment collection; a comprehensive and efficient customer account management system
  • Accounts Payable: Streamlines the process from purchase order to supplier payments; monitors outstanding payables, automates the processing of payments to suppliers
  • Banking/Cash Management: Automates the monitoring of cash flows to quickly make key decisions based on the cash position of the business
  • Cost Management: Provides accurate costs for parts and tracks variances to standards based on flexible cost components
    In addition to the standard modules, QAD Financials offers several Add-On modules that might suit your business needs.
  • QAD Fixed Assets: Ensures accurate management and tracking of fixed assets throughout their lifecycle
  • QAD Internationalization: Ensures QAD Enterprise Applications can be run across the globe by supporting common local legal business practices across the world using a standardized solution
  • QAD Enhanced Controls: Provides complete audit trail tracking of changes, and helps with FDA 21 CFR Part 11 (medical) and Sarbanes-Oxley compliance
  • QAD Vertex Sales and Use Tax Interface: Ensures accurate tax rate data with automatic updates for US and Canada; reduces sales and use tax audit exposure and liability
  • Logistics Accounting: Improves visibility and control of costs and payments for transportation

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