Corporate finance involves all financial and accounting decisions companies make on a day-to-day basis. To help ease the burden of bookkeeping, budgeting and reporting, there are a variety of corporate finance tools on the market. Using these tools can help your corporation control its finances, which may lead to greater efficiencies and reduced costs for your business .
SAP is a corporate finance tool that helps mid-sized corporations monitor and control their finances. Companies can use the tool to monitor and track all transactions that take place. For example, SAP Business All-in-One allows you to handle all payment processing, such as checks, cash, credit cards and bank reconciliations. In addition, the tools lets you manage your profit and loss statements, general ledger, accounts payable and accounts receivable. This allows your company to accelerate end-of-quarter and end-of-fiscal-year financial closing more quickly and efficiently.
Sage Peachtree Quantum is a financial tool that has several benefits, according to its website. First, this tool offers your company lower ownership expenses, allowing you to save tens of thousands of dollars in license and maintenance fees. You only pay for features you will need and use with the software. Overall, Sage Peachtree offers a lower cost per user than its competitors. There are a variety of features this tool offers, including double-entry accounting to help you improve accuracy and control of your finances; greater visibility into how your transactions are posted on both sides of your general ledger; up to 15 data checks with the "Internal Accounting Review process" that can help you correct accounting errors; and an audit trail reporting tool.
QuickBooks is another corporate finance tool that allows your company to organize your finances all in one place. This tool helps you manage customer, vendor and employee data. With QuickBooks, you can easily print checks, pay bills and track expenses; view yearly income and expense trends and details; and use paperless banking and accounting options, which allows you to securely download your bank and credit transactions directly into the tool.
NetSuite Financials provides traditional accounting software with a number of added benefits. This tool allows you to manage all your financials, including accounting, budgeting, financial reporting and more. You get greater visibility into real-time financial performance for your company. You can organize all your financial management processes related to revenue, orders, billing and inventory. The tool also offers reporting and auditing features to help you improve accountability at your company. Finally, you can reduce your IT expenses while getting secure access to your financial data any time, any place.