LGI Financial (FMS)

The General Ledger Management module gives users the flexibility to incorporate a complex administrative structure and ensure accurate entry of financial and statistical transactions in the general ledger. It facilitates the day-to-day management of financial statements by automating bank reconciliation processes and providing controlled access for mining statistical data.

The EDM module automatically processes electronic and paper invoices using character recognition technology. Scanned invoices are sent to the appropriate processing or approval workflow, allowing users to integrate a digital authorization process and easily access scanned documents from accounts payable.

The Project Management module enables managers and administrators to get an instant update on the status and progress of projects (fixed assets or other). Its project consultation and detailed reporting features simplify requests to funders. The dashboards give users real-time information on the status of their projects. The availability of real-time data and the drilling down to source transactions make it easier to manage the budget, commitments, and financial implementation of projects.

The Budget module can produce management and budget monitoring reports, as well as financial reports. These reports are visible on-screen and can be generated in hard copy, email, Excel, PDF, and HTML formats. Financial performance projection features are also available.

With this module, users can create an unlimited number of simple or secondary budget scenarios to support decentralized budgeting and required attendance budgeting. This module has a flexible administration system for secure user profile management.

The Accounts Payable module processes invoices and remittances (taxes, related parties, federal and provincial self-assessments). It issues payments through electronic funds transfer and electronic cheque deposits via an interface connected to financial institutions, including foreign currencies. All transactions are carried out in accordance with tax compensation laws. The module enables users to print cheques with electronic signatures and magnetic ink (MICR) to prevent potential fraud.

This module simplifies and centralizes management of the fixed asset register, including new item creation, work-in-progress monitoring and depreciation and disposal calculations. It also facilitates financial reporting and can drill down to source transactions.

The Web Budget module provides an enhanced, secure, flexible and fully web-based version of the Budget* module that can connect to payroll and HR systems to produce multiple financial performance, management and budget progress reports instantly and intuitively.

*Requires an upgrade