General Ledger Module

Fully automate the transaction processing

The General Ledger Module supports front office with back office integration and data compliance with continuous consolidation of data results and up-to-date transaction processing, with flexible configuration set-up of the chart of accounts, new account definitions, receivables or payables account management, account dimensions, activation/deactivation of accounts, account limitations, and accounts for accrual booking with automatic matching of accruals as the periodic due date matures.

The automated processing of transactions optimizes the process workflow and minimizes manual intervention while working with accounting data. The transaction preview operation provides high level control of postings and analysis of results before actual transaction realization and booking into the General Ledger. Besides automatic, the module supports manual postings of transactions on Bank Statements and matching on predefined accounts.

Transactions can be posted individually or for better time management procedures, in bulk files. The postings can be matched according to matching priority rules that the client requires, in that manner the system can be adapted to match the penalty, interest, principal and any other expense in any order needed.

The module supports flexible adaptation of regulatory changes which assures on time response to new issues as they arise and high business compliance. With consolidated accounting, the processed data is automatically viewable in reports and can be used for further analysis of analytic and synthetic data reports, including Standard Financial Reporting (Trial Balance, Income Statement, Balance Sheet, Audit Reports, etc.) and Dynamic Report Generator for ongoing definition and adaptation of reports based on changing client needs.

The flexibility of the module is incorporated in the option for file format adaptation and import of external bank files in the system, with direct transaction allocation on matching accounts in General Ledger.

Key Features

  • Integrated AccountingPreserve accounting control from a central location with integrated process workflow that ensures scalable managing of growing portfolio volumes.

  • Automated MatchingOptimize accounting workflow procedures and minimize risks of manual errors with automated transaction posting and matching on predefined posting schemas.

  • Dynamic Regulatory RulesInclude sustainable accounting principles and flexibility of process rules, ensuring consistency with regulatory changes at any moment.

  • High Transaction ControlStrengthen the financial control and assure high data security over booked transactions with automated actions and closing of posting period in order to limit any possibility for data misuse at any organizational level.

  • Consolidated ReportingImprove the decision-making processes and mitigate any financial risks, with accurate report analyses that provide detailed information and real time preview of customer’s repayment status and debts, operational performance results and portfolio size, at any moment.

  • Auditable Business ProcessesKeep security-relevant information and chronological record of all system activities, in order to be capable to react quickly to discrepancies and errors, with strict control mechanisms and integrated Log Audit Trail System.

  • Enhanced Operational EfficiencyIncrease the visibility into operations that yield the highest ROI and improve the performance results, based on structured financial reports that provide relevant information about repayment frequencies and business trends analyses, for better planning of the operational development.

What
clients say
  • "ASPEKT’s leasing system is a very convenient system with automated validations that limit any possibility for manual errors and now my daily operations are highly simplified as I don’t have to worry about making mistakes in calculations or assigning assets that are not available." - Lease Officer / Specialist
  • “Aspekt Leasing Software shows high performance in optimal infrastructure environment and I’m sure the system will be able to scale up without compromising the operational functions.” - System Administrator
  • "Aspekt Leasing Software offers direct performance preview, allowing me to analyze performance results per employee and manage the sales process so that all my employees are maximally effective and fully dedicated to work responsibilities." - Branch Manager
  • “We needed a system that is able to respond to the evolving regulatory environment, changing risk management procedures and addresses the ongoing operational costs with high control efficiency and we are happy to confirm that Aspekt Leasing Software delivers unlimited operational cost and risk benefits through our daily operations." - Risk Manager
  • "The use of Aspekt Leasing Software has greatly improved the process of servicing our customers. We are able to form sales policies that meet their expectations in continuity and deliver on-time and quality support.” - Operations Director
  • “At the end of the month I can conduct full financial review and generate reports for external reporting, as all the transactions are automatically posted and matched, and if there is a need for transactions correction, it can be automatically executed and the changes are presently visible in reports.” - Accounting Officer
  • “We can easily focus on improving the quality of our customer base and analyze the results received from sales when combining offer conditions that will best match the most profitable customer segment and create win-win situation for both parties.” - Operations Director
  • "From the beginning, Aspekt Leasing Software was successfully aligned with our growth strategy and helped us continually increase sales volumes and surpass predefined targets by offering endless flexibility and incorporation of changes." - CEO
  • “Generating invoices with automated operation eliminates the need for manual interventions and gives us more time to concentrate on analyzing financial results.” - Accounting Officer
  • "I’m able to control all internal processes directly from my office by spending minimal time for communication with colleagues and sharing thoughts on any kind of issues that may arise. " - Internal Audit