GFS

Global Financial Solution (GFS) – a superlative financial solution for service organizations – an accounting solution that can encapsulate the business model of any enterprise, connect to any system in this domain yet preserve in itself all the essential features of a regular accounting system.

GFS offers a wide range of services under one roof. Each of those services could be a separate business proposition calling for an independent review and analysis of financial statements.

This need is further mandated by the Segmental-reporting requirement, wherein each business line would be treated as an independent entity for financial appraisal and reporting. KGiSL, on a mission to launch state-of-the-art accounting solution which can capture or configure the business model of any enterprise planning to implement a Global Financial Solution.

The Salient Differentiators

  • Controlled delivery process and ease of Migration
  • Automated Workflow Approval
  • Automated feeds & MIS processing
  • Flexible accounting architecture
  • Dynamic Report Generation
  • Dashboards
  • Interfacing with external systems
  • On-site Support, Database management, IMS

GFS is equipped to handle any sort of risks with extensive control measure that can demolish a code red situation and reinstate a working environment within less time frame. For example, the chances of data entry error and chances of viewing confidential data are avoided by the means of valid user creation and menu access as per the approval by the respective head of departments and branches. It also employs a proper monitoring of user profiles in order to avoid any kind of fraudulent activities.

Operational Edge

GROWTH

Supports and accelerates the growth

AUTOMATION 

Automation  of the processes – Non-Scalable to Highly Scalable – Creating business value

CONTROL 

Enablement of the proper controls – front to back

INTEGRATION

Flexibility to seamlessly couple with any regional and global systems

RISK MITIGATION 

Transformation – Manual  to Automated processing environment

  • Support for Multiple – Currencies, Users, Companies, Accounts, Years, Accounting Periods
  • Account tree-way structure (for adding and managing account codes)
  • Creation of ledgers and dimensions
  • Accounting & reporting for calendar and financial year
  • Accommodating IFRS entry separately
  • Statutory calculation of TDS & GST at the entry level
  • System based 3 way bank reconciliation
  • GST compliance till reporting
  • Financial reporting and segmental reporting
  • Offline data entry export
  • Comprehensive fixed asset accounting
  • User definable interfacing with any external system
  • RSA encryption of passwords
  • Mail-enabling competency
  • Significant reduction in bill processing time
  • e-Payment options enabled
  • Auto tax deductions & tax processing across branches & HO
  • Better analysis of vendors across branches for effective negotiations
  • Bifurcation of branch level authorizations & HO level authorizations
  • Seamless interfacing between branches & HO
  • Easy and quick reporting at HO
  • Branch level information flows to HO automatically
  • Availability of Web-based reports
  • MIS reports for various key operational decisions made easy and quickly available
  • Better control over branch level operations
  • Hassle free interfacing with external system for financial reporting
  • Inbuilt data integrity audit system

GFS provides comprehensive taxation coverage: Accounting, collection, remittance (e-payments), reports; are all taken care of with 100% accuracy. This highly scalable solution is easy to adapt to business accounting needs with enhanced user experience, control, and business performance. It is a unique solution that allows creation and maintenance of multiple companies concurrently and supports multi-users with no restriction on concurrent users.

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