FINANCE MODULE

The Finance module of Datatex NOW textile and apparel ERP provides a complete, real-time overview of financial operations across the entire textile and apparel supply chain.

Fully integrated with key areas such as Costing, Sales, Planning, Production, and Purchasing it ensures accurate data flow between departments, eliminates manual work, and supports faster, smarter decision-making.

NOW Finance Module is built to handle the complexity of textile and clothing businesses, offering powerful tools for accounting, compliance, and performance management.

Key Features:

• FINANCIAL ACCOUNTING: The Financial Accounting component centralizes Accounts Receivable, Accounts Payable, and General Ledger in one integrated environment.

This ensures that every transaction—from customer payments to supplier invoices—is seamlessly connected to credit, liquidity, and account analyses at the customer, supplier, asset, or cost center level.

With Electronic Bank Management, financial data is automatically exchanged with banking institutions, reducing manual entry, errors, and administrative costs. Additionally, processes such as Payment Proposal and Reminder Notification help support users in decision making and accelerating the workflow.

• COST CENTER ACCOUNTING: NOW Finance makes it easy to define your company’s cost center hierarchy and set up allocation rules across departments. Actual costs can be tracked, allocated, and linked back into the Costing module for precise analysis.

• ASSET MANAGEMENT: All company assets are managed in a centralized database, enriched with relevant manufacturing details for textile and apparel businesses. The module allows multiple user-defined valuation methods and supports unlimited depreciation types to meet diverse reporting needs. This flexibility enables companies to manage their fixed assets effectively, maintain compliance, and optimize investment decisions over time.

• BUDGETING: With integrated budgeting tools, companies can extract real data from past periods, adjust it to fit current business goals, and upload the approved budget back into the system. This provides a reliable baseline for future comparisons and reporting. By aligning budgeting with daily financial operations, managers gain greater control over forecasts, expenses, and long-term planning.