Finance & Accounting
Finance & Accounting
AxolonERP is a comprehensive VAT-enabled Finance and Accounting software system specifically created for Saudi businesses. A strong accounting and finance system is the foundation of any successful organisation, therefore select the best ERP system in Saudi Arabia to streamline your operations.
AxolonERP’s simple, user-friendly interface allows small, medium, and large enterprises to handle their finances more efficiently. The system is entirely compliant with Saudi VAT laws, configurable to match your individual company requirements, and may be hosted in the cloud or on-premise.
AxolonERP enables organisations to handle accounts more efficiently, increase cash flow, improve credit control, and automate payment follow-ups, resulting in greater financial stability.
Key Features
Overview
Different types of payment vouchers allow you to fully control your payments and accounts payable.
Advanced Credit Control System
Axolon credit control system provides critical and timely monitoring of overdue payments and customer account balances and places further sales orders and invoices on hold when a company exceeds its specified credit limit.
Accounts Receivable & Accounts Payable
You can rely on us when you have multiple companies or subsidiaries and want to have one solution for your entities. Axolon supports multiple companies and intercompany transactions.
Budgeting
If you want to settle a debt or an instalment in advance, you can use the Axolon prepayment option. When paying your rent in advance or pre-paying your vendors, Axolon has the solution for the scenario.
Bank Facilities
Other Features
- Cash Flow Analysis
- Bank Reconciliation
- PDC Management
- VAT Compliance
- Advanced reporting
Finance and accounting software is important because it helps to drive efficiencies in financial operations, minimize manual errors, and comply with any tax or reporting regulations. Axolon presents you financial insights in real-time, giving clarity to decisions, improving accuracy, and enhancing total financial performance.
Axolon’s Credit Control System allows businesses to manage and monitor the credit extended to customers. It supports the important process of timely payments, reduces the potential for bad debts, and maintains a healthy cash flow by establishing credit limits, and monitoring overdue invoices.
Accounts Receivable (AR): tracks all the money owed to the business by customers for goods or services (sold on credit).
Accounts Payable (AP): tracks all the money that the business owes suppliers or vendors for purchases that were made on credit.
The Budgeting module complements the entire financial operations management cycle by providing businesses with an opportunity to set objectives, allocate resources, forecast cash flow needs, manage performance, and monitor costs. Having a strategic approach to planning finances helps inform decisions and create accountability.
Bank facilities are the financial services, for example, loans, overdrafts, credit lines, trade finance and letters of credit, that banks offer to businesses to help with cash flow and financial resource needs both in the short-term and long-term.
Standard reporting helps companies create simple financial statements, while Axolon’s advanced reporting provides real-time data, dynamic dashboards, custom reports, data analytic capabilities, forecasting, and integration across modules enabling an organisation’s more strategic decision-making and data-led decisions.
Yes. Axolon ERP is VAT enabled which was built to accommodate the UAE and GCC tax requirements. It automatically applies VAT tax calculations to sales and purchase transactions, generates VAT compliant invoices, and prepares reports to comply with VAT tax reporting requirements making it easier for businesses to be compliant and avoid any tax filing penalties.
Axolon supports multi-currency accounting, so businesses can manage their transactions, invoices, and reports in different currencies for their business needs. Axolon also automatically applies exchange rates with corresponding currencies and tracks foreign exchange gains or losses which is particularly important for international businesses.
Yes. Axolon leverages role-based access control, user authentication, encrypted data, and regular backups to ensure data is safe. Financial information is protected, and access can be limited departmentally or by user level.
Yes. Axolon enables customizable financial reporting. Users may create custom reports to reflect specific business needs, select from several template designs, set filters, and export reports for further analysis in file types such as excel or pdf.