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DocFinance is the vertical solution for Mago.net developed by Sedoc (Microarea ISV Partner). DocFinance targets the corporate financial area, ensuring a flawless everyday forecasting management of those bodies that require a financial data representation.
With over 1200 active treasury instalments, ongoing updating via web and a constant alignment to the most recent Mago.net release, DocFinance is indeed the ideal tool for all of those working within companies (or group of companies) as financial and administration managers, including those responsible for the treasury and cash management. Nevertheless, DocFinance is also able to meet the needs and requirements of different professions/activities, such as entrepreneurs and company consultants.
The chief functions of the vertical solution DocFinance address a wide range of needs regarding the finance sector: automatic procedures, exchange rate risk management throughout the foreign exchange/currency balance. Also, the functions provide optimizations and simulations, volume analysis, utilizations, costs and statistical reports of the banking activity as well as allowing to prearrange the sending of measures/decisions and the receiving of the outcome. Furthermore, the integration procedure, with the accounting area, allows handling the task of obtaining the accounting entries that shall be transferred automatically to the accountancy, this after having preformed the settlement between the treasury and the bank.
Besides addressing these basic functions, the characteristics of the Mago.net vertical solution, designed by Sedoc, ensure top quality performances also in a crucial area such as Interbank Corporate Banking (CBI): DocFinance generates a constant and systematic flow of information between Mago.net and the CBI, integrating and exchanging data between the two systems. Every day the CBI sends information relating to the balance and account statement entries, portfolio results, payments notice and ABI-CAB masters update, this while Mago.net makes available the customers and suppliers master, the chart of accounts, the cash flows from commercial and accounting documents along with the bank entries relating also to the e-payment systems.
DocFinance stands as an important support within the reshaping of the relationship equilibrium between the company and the bank. Thanks to the monitoring of the financial information and to the acknowledgment of the treasury entries, the bank operations will become increasingly transparent and the company will be free to control systematically the cost of money and services, having hence available a greater negotiation power.
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