FINANCIAL
Automating financial processes with advanced technology
INTEGRATED SOLUTIONS
Manage financial and accounting processes from A to Z!
Financial process automation is essential for optimizing accounting activities, supporting strategic decisions and ensuring transparency and compliance with current regulations. Integrated software solutions allow for streamlining workflows, saving time and resources and reducing the risk of errors.
Senior Software solutions integrate modern technologies that ensure:
- Complete automation of accounting and financial processes
- Revenue forecasting and financial performance monitoring
- Efficient cash flow monitoring and management
- Automatic generation of reports and tax declarations
- Real-time visibility into key business indicators
CPM
Optimize budgeting and financial planning processes
Digitizing budgeting and financial planning operations allows companies to quickly configure a clear structure of revenue and cost centers, along with transaction allocation formulas. Managers can define monthly budgets and have the ability to track expenses at a detailed level, which contributes to increased budget control and reduced deviations.
Profit and loss account
Balance sheet
Customer receivables
Supplier balance management
Accurate financial decisions
Financial simulations and scenarios
FINANCIAR
Improve operational efficiency by digitizing and integrated management of financial activities
Financial-accounting efficiency increases by optimizing essential activities, such as controlling internal processes, monitoring cash flow, forecasting revenue and setting goals. An integrated software supports these processes, reduces operational costs and allows for a more efficient allocation of resources. At the same time, a well-structured system includes a predefined workflow, with clear steps:
- Initializing financial data
- Financial planning
- Recording transactions
- Control and approval
- Payment and collection management
- Verification and validation of bank, cashier and partner account balances
- Retrieval of data from ledgers, bank statements and previous balances
- Defining the accounting structure: chart of accounts, cost centers, business units etc.
- Importing the initial balances into the system: cashiers, bank accounts, suppliers, customers
- Setting financial policies regarding revenue/expense recognition, depreciation, fiscal calendars
- Assigning user rights and configuring approval flows for budgets, invoices, payments
- Structuring the chart of accounts and cost centers to track budget execution
- Create hierarchical budgets with the possibility to import from external sources
- Automatic distribution of amounts by months, quarters, or other financial periods
- Allocate resources to projects, departments or activities according to priorities and ROI
- Review and update the budget periodically using real data from the system
- Automatic recording of invoices issued and received, based on operational documents
- Connection with modules for purchasing, sales, human resources, production etc.
- Accurate recording of income and expenses (invoices, payments etc.)
- Automation of intercompany transactions between different entities in the group
- Centralization of financial information in a single database, accessible to all departments
- Recording transactions in different currencies and generating reports in both the base and foreign currency
- Use configurable workflows to ensure consistent application of procedures throughout the organization
- Automatic validate documents (invoices, contracts, payment orders), based on predefined rules
- Monitor financial obligations and debts to prevent delays and penalties
- Define access rights for users to protect sensitive data and prevent errors or fraud
- Automate the process of generating payments and notifications to customers
- Issuing invoices and tracking collections according to established deadlines
- Management of outstanding receivables and the relationship with financial partners
- Fast processing of payments to suppliers and employees (salaries, rents, taxes)
- Monitoring debts to prevent financial blockages
- Management of cash-flow fluctuations and financing mechanisms (e.g. bank loans)
- Expense management through digital flows and specific approval policies
WHAT CLIENTS SAY
Pro Activ has reduced the impact of price volatility with Senior Software systems
Thanks to the partnership with Senior Software, we were able to quickly extract data of interest and to have increased visibility on the business and the direction it should take. We are currently accessing detailed reports from BI, we can easily measure performance indicators and analyze efficiency at the departmental level.
ACCOUNTING
Automate accounting operations, regardless of the complexity of the company's activity
The integrated solution from Senior Software covers all specific accounting operations, offering modern automation, control and reporting tools, in compliance with Romanian tax legislation. Processing is fast and transparent, and information is always updated and centralized.
Automatic generation
Complete administration
Automatic closing
Automation of mandatory
Issuance of account
Detailed analytical
Complete traceability
Flexible configuration
Automatic issuance
FIXED ASSETS
You have complete visibility and control over fixed assets and depreciation
Senior Software provides you with an integrated solution that helps you manage depreciation plans for the fixed assets you own, rent or lease. The system allows for detailed tracking of operations applied to fixed assets throughout their lifecycle, while providing visibility over the location and designated managers for each fixed asset.
Ensures accuracy, traceability and legal compliance
A correct and detailed classification of fixed assets is essential for accurate accounting and for obtaining relevant financial reporting.
Features
- Define and customize fixed asset classification hierarchies
- Update classification nomenclatures through automatic or manual import
- Develop reports with the status of fixed assets
- Complete traceability of classification changes and history
- Integration with accounting, procurement and automatic reporting modules
- Configure depreciation rules by category
Monitors in detail the operations on fixed assets
Efficient management of the fixed assets life cycle is essential for any organization, contributing to the optimization of resources and increasing operational performance.
Features
- Automatic data capture from purchase invoices
- Automatic completion of data on input value, acquisition date, etc.
- Transfer of assets between managements, locations or cost centers
- Updating of responsibilities, physical location and related expenses
- Complete visualization and reporting of asset status
- Automatic generation of documents (putting into use, scrapping, sales invoice, etc.)
Simplifies and automates the depreciation calculation process
Calculating the depreciation of fixed assets is an essential process in a company’s accounting records, allowing the flexible application of standards adapted to financial requirements.
Features
- Support for legal depreciation methods (linear, progressive, declining balance)
- Possibility of declaring multiple depreciation standards: accounting, fiscal, etc.
- Classification of assets according to the legislative nomenclature
- Distribution of depreciation costs by cost centers
- Automatic calculation of depreciation, according to the established duration and method
- Generation of reports and accounting notes related to depreciation
Optimizes the fiscal classification of fixed assets
The system allows the correct classification of fixed assets for depreciation, an essential aspect for legislative compliance and fiscal optimization.
Features
- Automatic classification according to the Catalog of Normal Operating Durations
- Flexibility in choosing the depreciation regime (linear, degressive or accelerated)
- Definition of the outstanding value according to company policy
- Automatic generation of classification reports
- Rapid generation of reports for audit and fiscal control
- Automatic updating of legislative changes
Maintains accurate and up-to-date records of the depreciated value
When revaluing fixed assets, the accounting system will automatically calculate the depreciation value and generate the related accounting notes, according to the accounting regulations in force.
Features
- Automatic calculation of the depreciated value according to the chosen plan
- Recording of the cumulative depreciated value and the net accounting value
- Automatic generation of accounting notes related to depreciation
- Distribution of the depreciated value by cost centers, activities or projects
- Clear tracking of the depreciation history for each fixed asset
- Updating the depreciated value following the revaluation of the useful life
Get full control over depreciation accounting notes
Depreciation accounting notes are records of financial transactions, and by using an ERP, they can be managed automatically and efficiently.
Features
- Automatic generation of monthly accounting notes, depending on the depreciation plan
- Possibility to separate accounting notes by cost centers, projects, locations, etc.
- Automatic recording of depreciation based on gross or revalued value
- Configuration of accounting formulas, depending on policies, analytical accounts, etc.
- View and adjust accounting notes before recording
- Full integration with financial modules for quick reconciliation
PAYROLL
Transform the payroll process into an automated, error-free workflow
By centralizing data on employee timesheets, sick and vacation leaves, as well as bonuses and bonuses granted, a clear record of human resources is ensured, facilitating reporting, compliance with legislative requirements and strategic decision-making. Thus, employees receive their salaries on time, and the finance department can generate detailed reports, facilitating clear and efficient monitoring of salary expenses.
- Complete automation of salary calculation
- Automatic generation of Declaration 112
- Electronic issuance of salary slips
- Income processing for employee groups
- Transparent audit of salary changes
- Integration with financial and banking systems
- Automatic payment processing
DECLARATIONS AND REPORTS
Submit reports and declarations required by the state on time
Through automation and integrated management of financial activities, the ERP solution from Senior Software ensures the generation, validation and submission of tax returns, also providing decision support through automatic generation of accounting reports.
- Declaration generation: 100, 300, 390, 394, D406/SAF-T and Intrastat
- Annual/semi-annual balance sheet, with automatic calculation functions, editing, validation, XML export
- Accounting registers: journal register, inventory register, synthetic balance, cash register
- Monthly trial balance, both for internal reporting and for ANAF checks
- Sales and purchases journal, profit and loss report, financial budget by accounts and subaccounts
