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Priority‘s Financial Management module provides companies with a comprehensive set of tools needed to manage all financial aspects of your business, while maintaining a high level of regulatory compliance.
The Financial module can process and report multi-company and multi-currency financial data, and may be customized to comply with any tax jurisdiction or set of accounting rules.
The Financial Management Suite supports multiple revenue recognition methods, handles billing and fixed assets, integrates BPM for tight financial controls and features a log of changes to financial transactions. All this is accompanied by a tightly integrated customizable financial reporting tool and BI utility.
Priority‘s compliance capabilities are based on the quantitative characteristics of any solid financial statement — clarity, relevance, reliability and comparability — making it a key tool for companies aspiring to financial regulatory compliance and control.
Priority supports a variety of billing methods and functions, including project-based billing, recurring revenues (services, rentals, etc.), pre-defined payment terms, delivery-based billing and more, all of which are tightly linked to our revenue recognition methods.
These preconfigured, field-proven capabilities make invoicing and cash flow management a matter of automated control, rather than a labor intensive, time consuming and error-prone manual process.
Priority‘s fixed asset capabilities are seamlessly integrated with its purchase management module and the General Ledger (GL), providing complete lifecycle tracking and depreciation of assets, from purchase to retirement.
Priority‘s cash management solution provides for complete, detailed monitoring of Order-to-Cash and Purchase-to-Pay processes, with built-in BPM enabling close tracking of Days Sales Outstanding (DSO), aging and cash-flow projections.
Manage and control costs using multi-dimensional profit and cost centers.
Budget versions, budget periods, budget trees, and BPM are tightly integrated into the organization’s business activities from the purchase requisition through delivery, including interdepartmental service charges and inventory transactions.
This generator is used to customize financial statements (e.g., balance sheets, profit and loss reports, trial balances, and supporting schedules).
"Financials" is part of the Priority ERP line of products, developed by Priority Software.