This is a system that manages finances for institutions/organizations budgets. It can also work for hotels and restaurants.

The budget is put in the system and all expenditures must be with in the budget. The system doesn’t allow any expense outside or beyond the budgeted items. It also monitors budget performance as it keeps alerting you on the budget performance per budget section and item. BENEFITS OF FINANCE MANAGEMENT SYSTEM

• Prepares and makes all financial reports and statements
• Is used to record all incomes and expenditures of an organization.
• Can send automated messages.
• Creates a data bank of all your financial transactions
• Has a backup in case your computer gets a problem, it can be retrieved.
• Helps to avoid or detect hidden costs
• Manage payroll of an organization
• Helps to make reviews in the finance policy of an organization