FINANCE AND ACCOUNTING

Get a real-time view of your cash flow. Full-fledged accounting module covering every aspect of bookkeeping.

In the fast-paced world of modern business, efficiency, integration, and streamlined operations are key to staying competitive. TELEPATHY Enterprise Resource Planning (ERP) solutions have emerged as a powerful tool to achieve these goals, offering comprehensive management of core business processes. Let’s explore how ERP solutions can transform your business:

Key takeaways

• Maximizing profits: Provide insights on, for example, rising costs of raw materials that might trigger an increase in the cost of goods sold.
• Tracking liquidity and cash flow: Ensure the company has enough money on hand to meet its obligations.
• Ensuring compliance: Keep up with state, federal and industry-specific regulations.

Scope of Financial Management

Financial management encompasses four major areas:

1. Planning

   The financial manager projects how much money the company will need in order to maintain positive cash flow, allocate funds to grow or add new products or services and cope with unexpected events, and shares that information with business colleagues.

   Planning may be broken down into categories including capital expenses, T&E and workforce and indirect and operational expenses.

2. Budgeting

   The financial manager allocates the company’s available funds to meet costs, such as mortgages or rents, salaries, raw materials, employee T&E and other obligations. Ideally there will be some left to put aside for emergencies and to fund new business opportunities.

For more please write us sales@telepathyinfotech.com