FMS ERP Software

Financial Management Software (FMS) is an Enterprise Resource Planning solution designed to simplify and optimize financial operations for municipalities.

FMS Key Features

Accounts Payable

• Improve internal control by routing invoices for management approval.
• Automate bank and payables account reconciliation.
• Send critical information notifications, such as vendor payment name and address changes.
• Optimize payment dates to enhance financial planning.
• Reduce the monthly closing cycle.

Accounts Receivable

• Customize billing and receivables management to your specific processes.
• Accommodate multiple methods of cash application, including unapplied cash accounting.
• Accumulate historical data by various criteria, allowing for in-depth analysis.
• Retrieve analysis by customer, customer group, product, or other classifications through powerful online inquiries and reports.

Budgeting

• Create customized budgeting solutions that align with your organization’s processes.
• Automate budget approval routing according to your specific workflow.
• Conduct in-depth financial performance analysis versus budget.
• Perform automatic computations and allocate budgets to different organizational units.
• Easily attach budget commentary and supporting documentation.

Fixed Assets Management:

• Efficiently manage large investments with automation.
• Automatically update the General Ledger.
• Generate multiple entries with a single transaction, facilitating disposal actions and depreciation calculations.
• Easily convert budgeted assets to actual assets.
• Reduce asset maintenance time through mass maintenance features.

General Ledger

• Tailor the Chart of Accounts to meet specific information and reporting requirements.
• Report financial and statistical data in various ways using online queries, dashboards, and more.
• Accommodate special reporting needs, including multiple ledgers and fiscal years.
• Track and report all financial and statistical data, from positions to hours served.

Inventory Management:

• Reduce data entry time by automatically updating inventory balances for various inventory activities.
• Automatically generate notices or purchase order requests when re-order points are reached.
• Compute costs and identify slow-moving or obsolete items.

Procurement:

• Streamline procurement processes and reduce paperwork.
• Automatically match purchase orders, receivers, inspection reports, invoices, and freight charges.
• Provide online access to historical data for vendors, vendor groups, items, and transaction types.
• Support decentralized requisitions with automatic approval routing and status tracking.

Project & Grant Accounting:

• Accommodate unique needs, including subsidiary ledgers, multi-year grants, and capital projects.
• Record grants as soon as applications are submitted, automatically tracking approval status.
• Generate reports on project expenditures, percentage of completion, and remaining budget.

Business Intelligence & Reporting:

• Enhance reporting capabilities with FMS DataLink for seamless communication with desktop applications.
• Access the latest Microsoft .NET development tools for web-based data display.
• Select data from various FMS modules, including General Ledger, Project Accounting, Job Cost Accounting, and Purchasing.

Integrations:

FMS integrates seamlessly with several other software solutions, including FastTrackGov, Open Checkbook, Socrata, System Innovators, WinCAMS, IBM Maximo, OnBase by Hyland, e-PlanSoft, Selectron, ViziTrace, and Esri, further expanding its capabilities and compatibility.