With its 3.11 release, Mago.net implements a module that can link together your ERP and advanced treasury. This module is Finance.net, the interface between Mago.net and DocFinance treasury developed by Sedoc Finance Network as a vertical solution to Mago.net. Finance.net is now a module of Mago.net 3.11, included in the official price list and distributed exclusively by Microarea.
In this way, your ERP definitely integrates with DocFinance by Sedoc, leader in Italy among the treasury solutions. DocFinance is the complete solution for advance corporate treasury management and contains the Remote Banking services called Telemachus. The integration of these services with the corporate information system allows the company to operate electronically in a multi-bank context: it is possible to receive information and to send provisions to all banks through a single connection.
The operational interface between DocFinance and Mago.net address all companies that need to control the banks, while transforming treasury functions from final activities to advanced and, therefore, strategic management.
Thanks to Finance.net, DocFinance treasury is fully integrated with your accounting systems: the business administration can constantly monitor the financial situation to date, while the periodic and statistics reporting allows you to monitor the relationship with the banks.
Thanks to the constant two-way dialogue with DocFinance and your ERP, you can know, control and manage in anticipated way the company finance (current assets plans), automatically reconcile bank accounts, while controlling banking conditions and managing operations. It is easier to optimize bank accounts, thanks to accounts simulations and to the centralization of the group financial assets. The proper management of accounting schedules and the constant use of all active and passive cycle modules allow to get the cash flows needed by the treasury to manage present situation and analyze projected cash flows.
The integration between Mago.net and DocFinance is complete and efficient. The procedure is able to send to the treasury program customer and suppliers lists, the accounts chart, accounting deadlines, orders to be processed and the documents to be billed for the projected management of receipts and payments.
In the opposite direction, the vertical receives directly in first note and schedule data as collections and payments, fees, interest, rebates, exchange differences on remote banking, with no need to provide the subsequent reconciliation of bank accounts. You can also directly import a file of outstanding accounts into your Mago.net with a procedure that opens both the customer accounting and the entry into the schedule.
The module two-way dialogue, its stability and reliability are guaranteed by its architecture, developed with the same technology of Mago.net and operating on the same database. Constant updating is guaranteed, too! The interface is always updated with the latest Mago.net release and is implemented basing on the demands. Not least among the benefits, the interface installation and configuration take place remotely with ease, thanks to the constant support of Select Informatica.
The connector is able to improve efficiency in business processes, simplifying management daily tasks and transforming data into valuable information. Therefore, you can make decisions and plan future activities with timeliness and security, to be even more competitive on market.
Finance.net proves to be essential to all companies wishing to improve efficiency in interaction with the banks: to explore the topic please visit Finance.net page on the developer website: you will find all information of you need.