Opale's "controlling and accounting" functions
All the information related to management is "natively" produced by an accounting and management system fully integrated: this advantage is a fundamental feature of Opale.
The analytical part
The analytical part automatically produces and counts the components of the Trading Gross Margin: Turnover, contract loss accrual, invoices to prepare, deferred incomes, and the allocation of overheads to determine the Net Margin.
These margins are consolidated to build profit and loss accounts for each management entity: Companies, Divisions, Agencies, Regions. Within the multi-annual sites management, outstandings are automatically valued.
For each deal there is an initial budget which is regularly updated according to the progress of the deal.
This is supplemented by other management tools: budgetary control of expenditures, enhancement of utilization of internal resources and sub-activity...
Operators, site operators, site managers and buyers introduce the information at the source, enhancing the reliability of the financial statements which are produced.
These states that are common and shared with management, allow to understand the flows involved in the realization of a deal and to justify them in the accounting.
The accounting part
The accounting part covers all the advanced functions in General Accounting and Ancillary Accountings: Suppliers, Customers, Staff, Banks, fixed asset as well as the joint-venture companies.
The integration of general accounting and cost accounting simplifies considerably the environments constituted of accounting softwares and business applications which can be difficult to conciliate