Built from the ground up on the most suitable and latest technology platforms, Apvision’s FMS has been designed to automate the traditional paper-based processes and workflows of finance and accounting departments of mid to large sized institutions. It is a browser-based, robust, secure and scalable solution that provides businesses with better financial visibility and helps them control their costs.

Implementation of Apvision’s FMS consolidates all functions of a finance department into one unified interface and provides higher visibility to management leading to cost controls and improved corporate governance. It provides a cost effective solution that reduces the amount of paper-based document flow and improves both the integrity and availability of information with detailed financial accountability.

• Travel and Service Requisitions
• Customized authorization hierarchy for the approval of requisitions
• Category-wise definition of requisition service-points

• Sophisticated evaluation and short-listing of vendors on the basis of comparative analysis
• Eligible adjustment of items rejected on the basis of inspection
• Effective recording and tracking of invoices based on purchase order and the Goods Receipt Note (GRN)
• Automated generation of cheques and payment slips
• Generation, approval/verification and tracking of Purchase Orders and Goods Receipts Notes

• Efficient maintenance of historical information to record the allocation, re-allocation and de-allocation of assets to various business segments throughout their life cycle

• Comparative analysis of lease options based on markup rate and number of installments
• Generation and tracking of amortization table using sale-and-buy-back leasing option

• Comparative analysis of lease options based on markup rate and number of installments
• Generation and tracking of amortization table using sale-and-buy-back leasing option

• Precise calculation of insurance claims, damages or loss of assets
• Stepwise procedures and documentation for insurance claim

• Comparative analysis of bids received for the purchase of proposed assets
• Integration of depreciation and leasing calculations for optimal disposal price

• User-friendly interface with purchasing, leasing, depreciation and disposal for an easy settlement of a trade-in issue

• Efficient allocation of various utility bills under appropriate criteria to multiple business segments

• Automatically triggered E-mail alerts to decision makers, programmed at various critical junctions of the asset lifetime