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General Ledger

Achieve a competitive edge by utilizing the agility, valuable perspectives, and management capabilities required to adapt swiftly to evolving business demands.

Revolutionize your accounting practices with our feature-rich General Ledger automation feature. Designed to cater to the diverse requirements of all organizations, our flexible solution enables the customization of account types, transactions, and reporting segments. Minimize manual efforts with our powerful features, including real-time bank integration, rule-based transaction matching, and automatic journal entry postings. Empower your finance and accounting professionals with this cutting-edge features, empowering them to ensure accurate financial records, extract detailed reports, and meet crucial book closure deadlines efficiently.

Automation

Streamline your workflow by automating repetitive tasks such as generating journal entries, reconciling bank and credit card accounts, and producing consolidated financial statements effortlessly.

Simplification

Enhance reporting efficiency by eliminating the requirement to manually record operational specifics; all while maintaining support for unlimited accounts and sub accounts seamlessly.

Consolidation

Effortlessly aggregate reporting data from subsidiary levels into comprehensive consolidated financial statements.

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Unified

Bringing data, technology & expertise together to transform your business and make future-ready.

Connected

Integrating different varieties of data to enhance transparency, insights, and transform digitally to capitalize on data and innovate without boundaries.

Interoperable

Reliable & Resilient – your platform & partner for digital transformation without limits.

Streamline, Maximize, and Prevail

Experience a multitude of benefits that awaits

  • Experience time-saving benefits by utilizing automated features for journal entries, data imports, transaction matching, and bank reconciliation.
  • Enhance the quality of reporting data by eliminating the necessity for intricate GL codes.
  • Attain crucial business insights through tailored reporting segments and multifaceted analytics that aid in making informed decisions.
  • Comply with local and international accounting standards, tax regulations, and reporting prerequisites by creating diverse sets of books.
  • Effortlessly consolidate financial outcomes from subsidiaries without manual adjustments.
  • Streamline the closing process and mitigate errors, missing transactions, and other hindrances by employing automated account reconciliation and exception management.
  • Stay updated with business financials by accessing your books conveniently on any internet-connected device like phones, tablets, or computers.
  • Manage your GL operations more effectively by customizing workflows, transaction types, and other aspects according to your requirements.
  • Streamline essential accounting tasks by automating them with our adaptable framework, which can be easily tailored to match the unique needs of your company.
  • Customize account types, transactions, and reporting segments to seamlessly align with the specific business requirements of your organization.

Prominent attributes to enhance your organization

Simplify and streamline your organization's complex processes with Nirmalya Enterprise Resource Plannin, an all-in-one enterprise resource planning platform.

Automation

Streamline the process of manual journal entries by incorporating personalized GL impact lines into transactions within individual or multiple accounting books. This not only minimizes the duration and energy invested in account reconciliation, closing procedures, and audits, but also ensures a more efficient workflow. Automated workflows for journal-entry approval assess predefined criteria such as threshold amounts and approval limits prior to posting the entries, thereby expediting the process. Additionally, automation features enable the systematic handling of amortization and depreciation schedules, profit and loss allocations, and other repetitive calculations.

  • Streamline the approval procedure to uphold both precision and control.
  • Mitigate the chances of incorrect or deceptive entries, amplifying the precision and dependability of your financial statements.
  • Elevate readiness for audits and guarantee an effortless and efficient audit process.
  • Assure consistent and precise outcomes, empowering more dependable financial reporting.

Chart of Accounts

Define an extensive range of personalized GL segments, including profit centre, fund, program, product line, and more. This addition complements the standard subsidiary, class, department, and location segments. Enhance accuracy and save valuable time by consistently adhering to double-entry accounting principles and ensuring balanced data across all segment combinations. Streamline your reporting process by eliminating convoluted tracking codes and embracing a simplified chart of accounts structure that effectively organizes financial and statistical data.

  • Maintain balanced data across various segment combinations to enhance precision in financial reporting, emphasizing the importance of personalized GL segments.
  • Prioritize data analysis and strategic decision-making over intricate tracking methods to stay focused.
  • Evaluate the profitability of specific product lines or assess the performance of individual programs.
  • Guarantee the ongoing accuracy and alignment of your financial reporting with the dynamic nature of your business.

Budget Tracking & Control

Discover the power of Budget Tracking and revolutionize the way you manage your financial goals. With its real-time tracking feature, you can easily monitor your revenue and expenses, providing you with valuable insights to optimize your budget. Seamlessly integrate with our reliable Planning and Budgeting tool, allowing you to create predefined budgets that align with your financial objectives. Maximize profitability, improve cost management, and unlock unlimited possibilities for your business.

  • Acquire valuable insights into your spending patterns and effectively fine-tune your budget.
  • Implement necessary adjustments to enhance your savings and expedite the achievement of your financial targets.
  • Create predefined budgets that seamlessly align with your specific financial objectives.
  • Maintain strict control over expenses, preventing any instances of overspending.

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Multiple Books & Shared Transactions

Transform your accounting and reporting processes by leveraging the benefits of multi-book accounting capabilities. It simplifies managing books adhering to different accounting standards, seamlessly linking primary and secondary charts of accounts, and book-specific functional currencies. Effortlessly record all book-specific activities, such as revenue recognition, expense amortization, depreciation, P&L allocations, and more, based on a single business transaction from the general ledger. Improve efficiency in distributing shared transactions across subsidiaries, departments, or location segments with predefined rules based on percentages or amounts.

  • Streamline operations and save time by utilizing the power of automated journal entries, improving accuracy and efficiency.
  • Facilitate compliance with specific accounting standards for each jurisdiction, making it effortless to adhere to regulations.
  • Save valuable time and guarantee accuracy by automating the creation of journal entries based on predefined rules, enhancing efficiency and precision
  • Enhance the efficiency of this task through the establishment of rules using percentages or amounts.

Multiple Currencies & Tax Structures

GStreamline your tax record management and uphold financial accuracy no matter where your customers and partners operate. Our innovative solution empowers businesses to maintain precise tax records with correct details in the right currencies. Effortlessly record transactions in both the local currency and your company's base currency, ensuring accuracy and transparency. Utilize the automatic currency conversion feature, which leverages up-to-date exchange rates, saving precious time and reducing errors. Stay compliant with local and international tax rules, effortlessly managing income, GST/VAT, and other sales and use levies. Simplify your financial processes and optimize your tax record management with our cutting-edge solution.

  • Simplify the management of your financial processes and optimize your tax record system.
  • Utilize up-to-date exchange rates to automatically convert currencies into the base currency.
  • Mitigate the risk of non-compliance and prevent expensive penalties with automated tax calculation and recording.
  • Ensure accurate tax records with precise details in the appropriate currencies.

Reconciliation

Connect to your financial institutions effortlessly and import bank and credit card data seamlessly, all from within our user-friendly feature. Our intelligent rules engine acts as your personal assistant, analyzing the imported data and cross-referencing it with existing transactions. This smart technology automatically reconciles matching entries, saving you hours of manual reconciliation work. It also flags exceptions in real-time, ensuring that you can promptly address any discrepancies. With our feature, reconciling statements with general ledger accounts has never been easier, allowing you to gain valuable insights at a glance.

  • Effortlessly reconcile matching entries, eliminating the need for laborious manual reconciliation tasks.
  • Proactively tackle any issues as they emerge, safeguarding against potentially costly errors or oversights.
  • Attain valuable insights in an instant, enabling you to make calculated financial decisions with confidence.
  • Simplify the entire process, transforming reconciliation of statements and general ledger accounts into a seamless operation.

Dashboard and Analytics

Experience the power of multidimensional analysis with our Dashboard and reporting segments. Designed to meet the unique needs of businesses, this versatile feature enables users to dive deep into their financial and operational data. Consolidating subsidiary financials becomes a breeze, while generating reports in conformity with diverse accounting standards is made simple. Moreover, it allows effortless scheduling of report generation and email delivery – whether you prefer daily, weekly, or monthly updates. Enhance your financial analysis and reporting capabilities with our cutting-edge Dashboard and reporting segments today.

  • Generate reports and visualizations to effectively monitor the performance of your business.
  • Configure the generation and automated delivery of reports on a daily, weekly, or monthly basis.
  • Utilize a dynamic dashboard to provide managers with an overview of both major trends and specific details.
  • Obtain valuable insights on your operational performance through comprehensive reports and interactive dashboards.

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Resolving a wide range of challenges

Manual Processes

Streamline repetitive tasks such as journal entry creation, bank and credit card account reconciliation, and generation of consolidated financial statements.

Chart of Accounts

Simplify reporting by eliminating the necessity to input operational details, while still allowing for unlimited accounts and sub-accounts.

GL Structure

Tailor the general ledger to your company's business structure by customizing account codes, transaction types, GL impacts, and reporting segments.

Closing the Books

Expedite the closing process with automated transaction matching, exception management, approval workflows, and a customizable close-management checklist.

Consolidation

Effortlessly aggregate subsidiary-level reporting data into consolidated financial statements through automated processes.

Decision Making

Obtain essential information for informed business decisions through custom reporting segments and multidimensional analytics.

Nirmalya has been able to help us delivering consistent employee experience across all locations to bind everybody together and give every employee the same experience

Sunil Das | CEO, News7 & Prameya

Accelerated Value Realization

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

How much does it cost?

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.

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