Custom Integrated Financial Management System Design and Development

Integrated Financial Management System (IFMS) is an e-Governance initiative of Web Technologies for effective, accountable and transparent Public Finance Management. IFMS has been conceptualized as an umbrella system covering all modular systems and their integration. The main objective of IFMS is to achieve computerization of state wide financial transactions and efficient monitoring and facilitate a Single Window interface across various functions.

In this competitive business world, small and mid-size organizations need financial management solutions that can be expanded beyond core functionality and integrated with other applications and data stores. This not only gives executives and other users an optimal platform for operating their business, but also provides deep insight into the business to help guide operations and strategic initiatives through rich reports and analytics.

Web Technologies' Integrated Financial Management System, IFMS, helps in consolidation of all financial transactions into one screen. Web Technologies Solution uses Microsoft Dynamics NAV to provide a comprehensive financial management solution tailored to the industry's needs and finance solutions to the organization to track and analyze business information. With end-to-end integration, an organization can efficiently manage general ledger, payables, receivables, inventory, analytical accounting, fixed assets, and cash flow, in addition to performing bank reconciliations and collections. The organization can even manage your financial processes across multiple currencies, locations, or companies.

• Comprehensive, up-to-date financial information makes it easier to spot trends and gain insight into business activities.
• Microsoft Dynamics NAV also helps manage a broad range of other business areas according to the company's particular needs. Extra functionality can be added as and when needed.
• Monitor fiscal performance, meet business and regulatory requirements, and help reduce the time and effort spent on accounting tasks.
• Microsoft Dynamics NAV can help control and manage the entire life cycle of the company's fixed assets—from acquisition to disposal.