Financial Management

Gain real-time insights into various financial metrics, including profitability ratios, inventory margins, liabilities, fixed assets, taxes, and cash positions.
Ensure compliance with accounting standards, government regulations, tax codes, and internal policies.
Automate repetitive tasks such as creating journal entries or reconciling account statements, saving finance teams significant hours each month by eliminating the need to collect and normalize data from other departments.
Benefit from leveraging your finance to create innovative business structures, optimize operational funds, enhance effectiveness, and minimize potential risks.
Experience a transformative impact on your general ledger, as well as optimized accounts receivable, automated accounts payable, and streamlined tax management, enabling a comprehensive view of cash flow and financial performance.
Utilize built-in AI capabilities to predict and enhance profit margins effectively.
Embrace a holistic approach to measure, manage, and optimize sustainability performance, ensuring a well-rounded financial strategy.
Improve the efficiency of work processes, elevate productivity levels, and foster advancements in vital areas like transaction closures, cash handling, regulatory reporting, and oversight monitoring.

Planning and Budgeting

Perform both companywide and departmental budgeting and financial planning with modeling capabilities, approval workflows, and robust reporting, all within a single collaborative and scalable solution. Our Planning and Budgeting tool streamlines and automates labour intensive planning and budgeting processes, enabling finance teams to efficiently generate budgets, forecasts, and model various what-if scenarios. Additionally, our solution empowers users to effortlessly generate comprehensive reports, minimizing the time spent on manual consolidation, troubleshooting, reporting, and data loading. By freeing up finance staff from tedious data entry and formula maintenance tasks, they can shift their focus to strategic analysis activities, ultimately influencing the company's financial position more effectively.

Guaranteeing continuous, automated availability of current financial and operational data ensures improved control by minimizing the need for manual data input and reconciliations.
Enhance the ease of financial processes by actively involving all departments, promoting increased participation and accountability, and seeking meaningful input.
Streamline data accessibility by centralizing information, allowing for the creation of a unified and agreed-upon version of reports and dashboards.

Subscription Billing

Enhance billing operations by gaining immediate access to financial and billing activity in real-time. Centralize invoice generation, streamline rating processes, and support various pricing models effortlessly. Effectively handle recurring subscription billing with automated renewals, simplifying and streamlining the management and billing processes. Seamlessly integrate flat, tiered, and consumption-based options with promotional offers, volume discounts, and customer-specific rates to achieve the highest level of flexibility. This solution enables you to efficiently manage the complete lifecycle of subscriptions, including modifying subscriptions, prorating billing, consolidating multiple charges onto a single invoice, and automatically generating renewal invoices, resulting in improved customer retention.

Enhance invoicing accuracy and prompt payments by automating the billing process, ultimately bolstering cash flow.
Foster reliability and customer loyalty through consolidated billing, offering transparency with a comprehensive invoice showcasing all charges.
Streamline revenue management and ensure adherence to the most up-to-date revenue recognition standards by automating the recurring revenue process with precision.

Revenue Recognition

Our revenue recognition capabilities streamline the process of scheduling, allocating, and reporting revenue. With these features, you can easily establish recognition rules for each of your products or services and connect them effortlessly to specific line items in customer contracts. In accordance with standards, revenue can be automatically recognized based on predefined schedules or milestones. Our solution simplifies the complexities associated with evolving revenue recognition mandates, whether it involves a single performance obligation, a series of obligations over a period of time, or a bundle of diverse obligations.

Automate and ensure accurate revenue management in compliance with the latest recognition standards.
Simplify compliance by incorporating automated revenue recognition and real-time financial reporting, enabling companies to effortlessly meet requirements, even with intricate contracts.
Facilitate audit readiness through standardizing the allocation process, preventing delays and additional costs associated with auditors questioning revenue allocation decisions, particularly when inconsistencies arise between contracts.

Financial Reporting

Achieve a more holistic understanding of your business instantly and in real-time. Utilize preconfigured role-based dashboards, reports, and KPIs to gain tailored and comprehensive insights into company performance, enhancing decision-making capabilities. Generate precise financial statements and reports that adhere to policies and accounting standards. Financial reporting equips finance and accounting teams with powerful data analysis and visualization tools. Save valuable time by utilizing prebuilt financial reports that can easily be customized to highlight specific outcomes. Generate personalized reports with various versions, employing appropriate layouts for each target audience. Merge financial, statistical, and operational data with multidimensional analytics to extract fresh insights on performance.

Detect emerging trends, respond promptly, track real-time outcomes, swiftly identify and resolve financial challenges, and scrutinize individual transactions for rapid troubleshooting.
Tailor financial reports using diverse formatting alternatives and leverage business intelligence tools for amalgamating, analyzing, and disseminating data throughout the entire organization.
Assess financial performance in finer detail than achievable through conventional reporting approaches. Keep tabs on revenue, margin, and other metrics categorized by division, territory, channel, product, and other vital operational parameters.

Financial Consolidation

Financial consolidation capabilities provide a centralized approach for overseeing accounting procedures, data, and reporting across various business units, subsidiaries, and regions on a unified platform. This enhances real-time visibility and facilitates more streamlined management throughout the organization. By automating consolidations, the close process is expedited, guaranteeing adherence to applicable accounting standards, tax codes, and regulations across all operational areas. Standardized policies and approval hierarchies not only promote cost savings but also enhance control and minimize the likelihood of financial fraud.

Centralized governance, the integration of various accounting standards and tax regulations into each transaction, and enhanced operational visibility synergistically enhance compliance and minimize risks.
Employing automated posting of transactions at both subsidiary and parent levels ensures the synchronization of financial data in a shared database, facilitating prompt consolidation with minimal effort.
Continuous monitoring of financial and operational systems, combined with role- and user-based access controls, effectively mitigates risks and restricts sensitive data access.

Governance, Risk and Compliance

Governance, risk, and compliance capabilities provide customers with the means to establish appropriate controls in order to achieve risk objectives, and then monitor and report on the efficacy of these controls. The integrated processes are designed to address increasingly intricate regulatory, operational, and compliance challenges as companies expand. Automation enables greater efficiency, reduces risk, and improves the ability to track data modifications, resulting in enhanced financial integrity. Security based on roles, user access management, and authentication models are straightforward to comprehend, administer, and audit. Streamlined and constantly accessible audit trails for configuration, customization, administrative, and master data changes enable finance leaders and auditors to swiftly and effortlessly investigate activities that may impact security, controls, or financial statements.

Ensure data security by implementing role-based access control, implementing strong encryption measures, enforcing robust password policies, and upholding the integrity of financial statements.
Keep a close watch on essential financial controls using saved searches, alerts, and emails, as well as employing comprehensive reporting mechanisms and role-specific dashboards to promptly identify any potential fraudulent activities.
Foster trust among stakeholders by consistently providing accurate and comprehensive financial statements, transaction documentation, and reliable reporting.

Accounting

It simplifies the process of recording transactions, managing payables and receivables, collecting taxes, and closing the books. It also enables timely and accurate reporting, allowing for greater control of financial assets. By providing real-time access to financial data, one can easily navigate through details to resolve issues, generate statements, and comply with multiple regulatory financial compliance requirements.Combine core accounting functionalities such as general ledger, accounts receivable, accounts payable, tax management, fixed assets management, cash management, and payment management seamlessly. Gain real-time visibility and valuable business insights to drive financial excellence.

Simplify and optimize time-consuming and resource-draining manual procedures by centralizing real-time data for transactions, finances, and operations.
Enhance precision and eliminate errors caused by repetitive data entry and incorrect formulas, thereby eliminating the need for spreadsheets and redundant information.
Implement suitable guidelines and timelines for recognizing revenue, allocating expenses, and managing financial processes like amortization, depreciation, prepaid expenses, and deferred expenses.

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.