eRKTM-CT analyzes an enterprise's credit risks payment details, where the authorized personnel can perform transactions, such as purchasing, payment advice, indent, tender / quotation and offer letters.
Features
Enables user to prepare integrated transaction, such as Obligation, Local Order (LO), Vote Journal, Indent, Contract and Tender / Offer letter.
Decentralized payment advice issuance for utilities billing and direct integration with Accounts Payable System for issuance of payment vouchers and cheques.
Enables discounted values to be captured during invoice data entry and the related budget will be automatically re-adjusted.
Creditors are sorted out and filtered to analyze in detail, who is responsible for the most outstanding transactions, the amount of money tied-up in overdue accounts, which department is likely to fall behind credit control.
Deposited transactions can be contra-ed to the different contractors through this system.
Allows generation of single payment advice for multiple utilities billing.
Enables easy and secured tracking by generation of serial numbers.
Allows user in various departments to issue the working papers and purchase orders.
Multiple ledger postings per invoice.
Invoices given by suppliers or contractors could be captured by users from various departments and direct integration with Accounts Payable System for issuance of payment vouchers and cheques.
Simple and consistent budget aggregation and budget / salary can be easily reconciled to control budgets with variance reporting at any or all admin levels.
Provides full payment or installment payment option for respective invoices.
Allows variation order for tender or service projects.
Find transaction command with unlimited number of criteria instead of only one.
Remittance advices printed to match modified payment invoices.
Prevents over-spending and over-committing, as well as under-funding of critical projects and programs.
Keeps track of invoices information sent by suppliers.
Generation of unique supplier or contractor identifications, which are shared with other financial applications. Hence, reduces the redundancy of the system information.
Enables discounted values to be captured during invoice data entry and related budget will be automatically readjusted.
Allows users in various departments to issue payment advice for utilities billing and direct integration with Accounts Payable System for issuance of payment vouchers and cheques.
Only authorized personnel could perform transaction, even though the allocated budget is fully utilized.
Produces offer letters to successful vendors or contractors.
Items that are from Purchase Order are automatically updated into Stock Inventory System.
Monitors and keeps track of tender progress payments.
Monitors and keeps track of invoices information sent by vendors.
Ability to withhold payment to creditor or individual invoices for invoices due for payment.
Optional Features
Enables local and foreign currency transactions.
Provides online enquiries of all transactions of the most up-to-date creditors' balances, payment vouchers and cheques.
Automatic user selection of invoices for payment.
Reports
Actual / Allocated / Projected data comparison.
List of transaction by type / invoice number / document number / supplier number / date.
Report by multiple "Vote Header".
Allocation and Expense statement.
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.: eRKTM-FINANCIAL
eRKTM-Financial consists of the following modules, please click on the product code for more information.
