Key features

• Real-time reporting and dashboards
• Robust in-depth financial analysis
• Seamless integrations
• Accessible User Interface
• Built by accountants, for accountants
• Budgeting, forecasting and planning
• Task Manager and Single-Sign-On (SSO)
• Fully integrated suite of financial management modules

How eFinancials will benefit your business

Perfect fit Tailor-made for all the financial and reporting requirements of the NHS. Scalable, configurable and flexible Equip your teams with the features they need as your organisation requires. Rich functionality Fully integrated applications for a seamless and easy to use solution.

Features and benefits

General ledger

Providing unparalleled flexibility for financial and management reporting in even the most complex organisational structures. The General Ledger organises financial data into four primary elements described as Cost Centres, Account Codes, Activity and Jobs. Each element exists as an independent structure. The multi-company and hierarchical nature of the system allows for one or more distinct organisations to be represented within the General Ledger, with optional consolidation. Each organisation can be viewed in different ways, whilst sharing the same chart of accounts.

Chart of account hierarchies

eFinancials supports a powerful, configurable and comprehensive hierarchies of accounts, with 15 levels, to meet reporting or consolidation requirements for the NHS. Hierarchies can be built in standard, multi-company and parental formats, to support the complexities of accounting with the flexibility to tailor to your organisation's requirements. These structures allow for each organisation to share the same chart of accounts, but can be viewed in different ways.

Reporting

eFinancials connects with SAP Business Objects, and with the use of a comprehensive set of universes, can deliver all reporting requirements for the organisation, whether that be a hospital, NHS Trust or ICB. There also are over 400 standard eFinancials reports available with parameters already built in, but with flexibility to customise to your organisation's requirements, which can also supplement the Business Objects reports to deliver day-to-day enquiries or process reporting requirements.

Financial management

Providing rich, robust financial management functionality in a simplified and streamlined platform, eFinancials enables finance teams to accurately manage all elements of accounting from a flexible general ledger, accounts payable, credit management, bank reconciliation and more.

Procure to Pay Processing (P2P): eProcurement

The eProcurement module is designed with the flexibility to facilitate the different ways an organisation may orders goods and services – delivering a streamlined procurement and authorisation process for stock and non-stock requirements.

P2P: Purchase Ordering, Billing and Invoicing

Get a clear view of the entire purchasing management process and improve financial control in the business. Track the performance of purchase requisitions against budget as they come through. Easily summarise outstanding purchase orders with regularly updated commitments and accruals reporting. Ensure cash flow is continuous by matching goods receipts to purchase orders easily and efficiently.

P2P: Inventory Management

Gain a complete handle on your inventory, and streamline the purchase processes with dedicated functionality. The module manages stock items held in one or more physical stores and handles all of the required store movements, ensuring that accurate stock values are maintained within the balance sheet within the General Ledger. Eliminate errors and get a summarised and clear view of the entire purchase process and track performance against budget.

Supplier portal

Enhance the relationship with your suppliers by providing an intuitive ‘self-service’ solution to suppliers. Registered suppliers can answer many of their own queries directly through the portal and perform several useful supplier management functions, such as reviewing purchase orders and invoices.

Integrations

eFinancials offers seamless integration with a wide range of other products, enhancing its functionality and user experience. Its open architecture allows it to integrate with various ERP systems, CRM tools, and other business software; enhancing workflow automation and reducing manual processes and increasing efficiency and productivity.