Governance, Risk and Compliance

Safeguard your data by employing role-based access, robust password policies, strong encryption, and other security measures.
Mitigate the risk of fraud by continuously monitoring crucial financial controls through saved searches, alerts, emails, comprehensive reporting, and role-based dashboards, which can detect potential fraudulent activities.
Monitoring and validating controls effortlessly and ensuring their intended functionality strengthens the reliability of financial statements.
Enable decision-makers to make well-informed choices that align with the organization's objectives, minimizing the likelihood of unfavorable outcomes.
Identify operational inefficiencies and vulnerabilities to empower organizations to proactively address them.
Identify and evaluate risks, prioritize them based on their potential impact, and implement measures to mitigate or eliminate them effectively.
Stay informed about regulatory modifications, maintaining compliance with industry norms, and mitigating the detrimental aftermaths of non-compliance.
Boost stakeholders' trust in the precision and comprehensiveness of financial statements, transaction documents, and reports.
Adopt robust GRC practices to assist organizations in recognizing and eradicating superfluous expenses resulting from inefficiencies, penalties associated with non-compliance, and measures designed to mitigate risks.

Audit Trails

Efficiently managing user access and security is crucial for organizations, and our Audit Trails feature simplifies this process. The inclusion of role-based security and user access management ensures that authentication models are comprehensible, well-regulated, and seamlessly audited. With its robust and uninterrupted tracking system, this feature empowers finance leaders and auditors to promptly investigate any activity that might compromise security, controls, or financial statements. From configuration and customization to administrative and master data changes, our always-on audit trails make it easy to identify and address potential security risks.

Employ Role-based Access Control to effectively govern user access, defining specific permissions and access levels for each individual user, thus controlling the pages they can view and the tasks they can carry out.
Enhance the traceability and accountability of processes by establishing tailor-made workflows to streamline and enforce approval procedures, ensuring compliance and efficient operations.
Boost security efficiency by implementing automated, periodic scans to identify and address vulnerabilities, rendering manual scanning unnecessary, thereby expediting the identification and resolution of potential threats.

Tax and Accounting Standards

Gain a competitive edge and ensure compliance at all levels with our comprehensive multiple tax and accounting standards solution. Seamlessly manage complex accounting rules, tax codes, and regulatory demands by creating multiple sets of books tailored to diverse requirements. Our platform’s exceptional support for accounting standards empowers businesses to apply various accounting treatments to a single transaction, enabling accurate and effortless reporting. Streamline your financial processes, mitigate risks, and optimize operational efficiency with our powerful solution that adapts to your evolving needs.

Employ the creation of multiple sets of books to cater to varying accounting rules, tax codes, or other prerequisites at both the parent and subsidiary levels.
Utilize the inherent capabilities and processes of governance, risk, and compliance (GRC) to effectively tackle regulatory and operational compliance concerns.
Attain superior financial control by leveraging our smooth integration and user-friendly features, enhancing your overall experience.

Centralised Accounting

Streamline your intercompany accounting processes with our advanced Intercompany Accounting solution. Designed to simplify reconciliation and eliminate intercompany transactions, our automated system effortlessly saves time and mitigates the risk of errors. By seamlessly tagging purchase requisitions and sales orders as intercompany transactions, our solution allows the system to automatically post elimination journal entries upon invoicing, ensuring accurate financial records. Furthermore, our unique intercompany integration feature empowers accounting managers to consolidate mutual subsidiary balances and effortlessly create settlements for selected transactions. Discover a smarter way to manage your intercompany accounting activities, maximizing productivity and enhancing accuracy.

Effectively recognize and align intercompany transactions, automatically record elimination journal entries, and promptly reconcile intercompany accounts.
Gain access to consolidated financial information spanning multiple entities, enabling stakeholders to evaluate the profitability and cost-efficiency of diverse business segments or subsidiaries.
Centralize and standardize intercompany procedures to ensure compliance with regulatory mandates, internal policies, and accounting principles.

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.