New business leaders and managers have to develop at least basic skills in financial management. Expecting others in the organization to manage finances is clearly asking for trouble. Basic skills in financial management start in the critical areas of cash management and bookkeeping, which should be done according to certain financial controls to ensure integrity in the bookkeeping process. New leaders and managers should soon go on to learn how to generate financial statements (from bookkeeping journals) and analyze those statements to really understand the financial condition of the business. Financial analysis shows the "reality" of the situation of a business -- seen as such, financial management is one of the most important practices in management.

With MILLENSYS Financials, you can mind your customers and your budget at the same time with a comprehensive web-based enterprise management of your financial operation from anywhere and at anytime you can access your data, it doesn't matter if you are using a PC, notebook, tablet, iPAD or any smart phone.

MILLENSYS General Ledger Module has been designed in conformity with to the International Accounting Standards without limiting the user's contribution in the analytical requirements.

The consolidation ability based on multi companies, countries and branches with all the multi-currency issues treatment based on the International Accounting Standards.

Integration management between all the MILLENSYS Financials Modules (Accounts Payable, Inventory Management, Accounts Receivable, Assets Management, HR, Production Management … etc) and such integration is designed to cover the user's needs for all the level of the details for the chart of account, American journals, general journals ,cost centers, documentation and filing.

Covers all the cash related transactions including safe boxes, banks, AR, AP , GL transactions and easy bank reconciliation.

The ability to process for a liquidity forecast based on the cash flow management from the issued and received bills of exchange and the available cash on hand in all safe boxes and banks.

Online currency conversion gains and losses calculation for both monetary and non-monetary items and also the ability to process such calculation for the foreign currencies accounts balances at any day in the fiscal year

• Manage the customers accounts through combining the user set of documentation cycle however it is with a set of all the transactions that are built-in the system to cover all the probabilities that can contribute with the user cycle.
• The Accounts Receivable Module will be designed to manage the customers accounts through combining the user set of documentation cycle however it is with a set of all the transactions that are built-in the system to cover all the probabilities that can contribute with the user cycle.

• Storage in the MILLENSYS Inventory Management Module covers the main warehouses, warehouses, zones and racks with multi options for allocation.
• Online items balancing as well as transaction date balance for all warehouses, zones, racks, batches and expiry date levels.
• Multiple units of measurement.
• Warehouses' volume capacity management and the ability to process an on-line capacity forecasts based on the current balance volume and all the future orders and requests affecting that balance from all the other modules (AR, AP and Production Control).

• User defined transactions and the authorized issuance and receipt parties.

• The ability to create the issuance and receipt parties by the integration with other modules (RIS,LIS,AR, AP, Production Control, HR … etc)

• Integration Management with the General Ledger Module based on warehouses or items and the issuance or receipt parties covering all the level of details.

• Inventory tracking management.

• Minimum, maximum and ordering levels management.

• Cost adjustment treatment with the sales price list in cases of cost revaluation losses.

The reporting is based on user defined fiscal periods that include yearly, quarterly, weekly, daily and as well as user defined free period.

The reporting cover all the consolidation needs for  the companies, countries and branches levels with the ability to translate from local currency to any other currency and also the ability to translate from main country currency to any other currency in cases of multi-national and multi-companies consolidation.