The finance capabilities of Sage X3 can handle transfers and reporting of information from one country to another, and between subsidiaries and their headquarters. Sage X3 combines decentralized and international company financial management. The flexible accounting structure (multiledger and multichart of accounts) guarantees a real-time global vision while responding to local operational requirements such as legal, analytical, and reporting preferences.
Sage X3 Finance Features
Sage X3 associates a company to an “accounting model,” which can be used by several companies. Each model consists of up to ten sharable ledgers, each one associating one currency, one sharable chart of accounts, and up to ten user defined analytical sharable dimensions.
GL Accounts and Fiscal Calendars
Sage X3 General Ledger supports multiple companies and sites and allows an unlimited number of fiscal calendars to be defined with up to 24 open periods per calendar.
Sage X3 supports manual, simulated, template, recurring, and reversing journal entries. Entries can be saved in a temporary state prior to final posting.
Intercompany customer and supplier invoices and intercompany GL journal entry functions are valuable to any organization that shares resources between legal entities.
Sage X3 supports user-defined analytic dimensions for budgeting, allocations, and analysis. Dimensions can be both financial- and quantity-based. Dimension views can be defined to be analyzed from a specific standpoint, such as sales by channel or by product line.
Budgets can be defined based on dimension views, at various grouping levels, in the company currency or multiple currencies, in financial and quantity form, and with an unlimited number of revisions.
Sage X3 provides the ability to research financial activity easily through a number of account, account balance, dimension, and dimension balance inquiries.
Financial Extraction and Reporting
Sage X3 provides a powerful, financial-oriented data extraction for all inquiry and reporting needs.