Finance and Accounting ERP Module Services

Shallower than you think. Most organisations we inherit have coded cost centre, department, project and location into the account code itself, which is why they end up with eight hundred or a thousand accounts and still cannot answer a simple question. Put those four things in dimensions and the account list collapses to something a person can read, often 150 to 300 accounts for a mid-market business. The test is simple: if two accounts would always be reported together and differ only by who spent the money or where, they are one account and a dimension.

Ask for a demonstration rather than a yes. Real multi-currency means three currencies held per transaction, the transaction currency, the entity functional currency and the group reporting currency, plus period end revaluation of open AR, AP and bank balances with realised and unrealised gain posted to separate accounts. Real multi-entity means intercompany documents that create both sides, an elimination step at consolidation, and either a shared chart or a maintained mapping between local charts.

A well-run monthly close lands in 3 to 5 working days. Your first close on a new ERP will commonly take 2 to 3 times that, because the team is learning the sequence and finding the postings nobody expected. If you are still at two weeks after six months, the cause is almost never the software. It is unreconciled subledgers, goods received but not invoiced, bank items sitting unmatched, and a period that stayed open so people kept posting into it while accounts were being prepared.

It is the most common finance problem in an ERP, and it is almost always caused by postings made outside the process. A manual journal straight to the stock account, a receipt reversed with a credit note instead of a return, a valuation method changed mid-period, or a stock adjustment made with no reason code. Fix it by locking the stock control accounts against manual journals, reconciling stock value to the GL every single month rather than at year end, and insisting that every movement carries a document behind it. Once the control account is locked, the problem usually stops recurring.

Only if tax is determined at transaction level rather than bolted on at reporting time. The rate has to come from the combination of what is being sold, who is buying, where they are, and their registration status, applied at the point the document is raised. E-invoicing mandates then take that same document and push it to a government portal for clearance, so the data has to be right at source. Check the country coverage honestly before you commit, because local tax packs vary enormously between products and a missing one is an integration project.

For a period, yes, and a one or two month parallel run is often worth it for the confidence it buys. Beyond that it becomes expensive and dangerous, because two teams reconcile two sets of numbers and both sets drift. The better pattern is to cut over at a clean period boundary with opening balances loaded and reconciled, keep the old system readable for history and audit, and stop posting to it entirely. Running both live as the permanent answer is how you end up with a third set of numbers in a spreadsheet.