Sage ERP X3 combines decentralized and international company financial management. The flexible accounting structure (multiledger/multichart of accounts) guarantees a real-time global vision while responding to local operational requirements (legal, analytical, localized, and reporting)
Budgets can be defined based on dimension views, at various grouping levels, in the company currency or multiple currencies, in financial and quantity form, and with an unlimited number of revisions. Sage ERP X3 supports commitment accounting with budget comparisons against pre committed and committed amounts from Purchasing. Budget control allows users to check the balance between expenses and commitments in order to make sure that forecasted expenses will not over exceed the budget.
The associated workflow can follow different approval rules according to the amount, the user, or other company specific criteria. This provides a continuous view of internal and external projects. Budgets can be manually entered, uploaded from spreadsheets, or calculated online with user-defined formulas based on elements such as previous budgets and actual prior period amounts, adjusted according to seasonal distributions.
Sage ERP X3 supports comprehensive item management and control over prepayments, installment payment due dates, statements, and past-due invoices. A flexible payment application functionis provided, permitting users to enter payments on account, apply them fully or partially against specific invoices, or across a range of invoices based on user-defined criteria. Automatic matching is also supported.
The cash collection process can be streamlined by allowing entry fields and the timing and sequence of steps—bank selections, deposit slips, and GL postings—to vary by payment type. This allows credit cards, EFTs, and checks to have their own processing rules. Sage ERP X3 also accommodates returned checks and full reinstatement of the original items.
Sage ERP X3 provides complementary functionality in Accounts Payable for supporting prepayments, installment payments, and user-defined payment entry and processing steps by payment type. Users can easily locate invoicesto pay based on their own selection criteria, such as due date, minimum and maximum payment amounts, and currency.
Check writing, bank account selections, payment voiding, and bank statement reconciliation are also fully supported. Purchases are recorded using a full-featured manual invoice entry function
Redistribute to and from any account. Perform multiple allocation passes. Define recurring allocations based on fixed or variable amounts.
SAGE ERP X3 fixed assetfully integrates with the other modules. For example, when an asset purchase invoice is created, its details can be posted to the fixed asset master record. You can maintain comprehensive details about your assets. SAGE ERP X3 fixed asset register allows you to hold descriptive details of assets, along with associated acquisition, disposal, depreciation, and other relevant information.
Asset under construction, asset sales, transfers and disposals can also be easily carried out and accounting documents automatically posted into the general ledger
Sage ERP X3 supports user-defined analytic dimensions for budgeting, allocations, and analysis. Dimensions can be both financial- and quantity-based. Dimension views can be defined to be analyzed from a specific standpoint, such as sales by channel or by product line.
Dimensions can support any number of groupings of up to 99 levels to permit access to varying levels of account information with drill down for a cumulative to a detailed view.
Sage ERP X3 provides a powerful, financial-oriented data extraction facilityfor all inquiry and reporting needs. Used in conjunction with Infor F9™, users can easily design and generate all company-specific operating statements, balance sheets, and other financial reports and inquiries.
Sage ERP X3 provides a number of report-building tools, such as row and column content and formatting flexibility, as well as content restriction facilities such as reporting and company group codes.