The core of the MXP Financial Suite, as with virtually every Financial application, is the General Ledger module, and the core of every GL is the Chart of Accounts.  Within MXP, we have expanded this level of control by introducing the concept of Entities.  An entity in our system is a higher level of your business, whether that be a company, a division, a region, or even a department, or any combination of these. 

For example, you may have multiple divisions and multiple regions for each division, or have operations in multiple countries, each with its own P&L responsibility.  Each entity can be posting transactions to different year/period combinations, or can post transactions in multiple currencies.  Each entity can have separate access to the General Ledger for unit reporting (in multiple currencies), while at the same time the ledger can be consolidated in your organization's "home currency," giving your management rich "slice and dice" capabilities in financial reporting.

The GL module supports unlimited categorization of accounts (in addition to the basic Asset, Liability and Operating categories), unlimited currency conversions (with ability to convert using past conversion rates), job assignments (for tracking transactions across special projects), and a robust budgeting subsystem.  Complete reporting and inquiries are native to each module.

Within the GL transactions, you can create multiple journals (including reversing and recurring entries), and quickly perform those tasks associated with period-end and year-end closings.  We provide an internal Financial Reporting designer in the GL module, but by using the Spreadsheet Server module, you can instantly extract complete financial statements, based on your unique layouts, into Excel for distribution, validation and reporting.

Riding "on top" of the General Ledger module are the Accounts Payable, Accounts Receivable, and Fixed Assets modules.

Accounts Payable is the module used for controlling your vendors and paying bills.  When teamed with our Purchasing module, it can also provide seamless financial accountability of the entire Purchase-to-Pay business flow.  Like GL, Accounts Payable respects your entity structure for transactions, while allowing universal access to your vendors and negotiated prices.  Vendors may be classified by type (if desired) and also may be associated with various tax codes and jurisdictions (including tax exemptions) so you can more accurately control your purchasing costs.

Payable transactions are designed for ease of use, while respecting the complexities of your financial system.  Keystroke combinations are widely used to allow "heads-down" data entry.  We have also recently enhanced our check generation functions to fully support ACH transactions for your vendors who prefer to receive payments electronically.

The Accounts Receivable module allows you to manage your Customer base and perform receivable-related transactions.  As with the PO/AP relationship, using Order Processing in conjunction with AR gives you complete control over the Order-to-Collect business process.  The AR module supports a complete hierarchy of Sales Territories, Sales Reps and Commissions, and also has internal support for complex Sales Tax calculations.  Optionally, we can interface to the Vertex tax database/engine for automated tax calculation updates and processing.

AR transactions include the ability to directly create Invoices, Debit/Credit memos and Finance Charges, receive payments, and apply those payments either automatically or manually.  Complete control over GL distribution of payments is fully supported, as are in-depth inquiries and reports.  As with all modules, entity-level control and multiple currencies are also included.

In previous MXP versions, Fixed Assets was an optional module; however, we have chosen to include it in base functionality in the Decade product.  With FA, you have the ability to capture information about your plant and capital equipment, and have that information (including various depreciation methods) flow seamlessly into your ledger and into your tax reporting.

For quick access by management to consolidated information, we also provide "dashboards" for viewing relevant customer and vendor information:

For more information about the Financial Suite, or any of our products, please contact us using the links to the left.