IFRS sets common rules for accounting treatments of financial events and the structure of financial statements so they can be consistent, transparent, and comparable around the world. Tellma ERP is designed with built-in support for IFRS, so finance departments using Tellma ERP are automatically complying with IFRS.
Tellma ERP™
Financial Core.
Bring together all the financial records of your enterprise under a powerful framework, enabling simple configuration, easy integration, and rich reporting. Tellma ERP financial core is helping finance departments streamline reconciliation, period closing and the generation of financial and tax reports.
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Financial Core Overview.
Explore the features of Tellma's financial core that is empowering finance departments around the world.
Tellma ERP financial core is designed from the ground up around the International Financial Reporting Standard (IFRS). Therefore, enterprises that run Tellma ERP are automatically complying with IFRS accounting rules and can generate their reports in the IFRS format. This provides an opportunity for executives and board members of multi-company holding groups to seamlessly compare financial statements of their subsidiaries side-by-side since they all follow the same standard.
Tellma ERP provides a productivity boon for finance departments by allowing most financial data to be collected directly from its source without intervention from finance. For example, sales transactions are recorded directly by the sales personnel who may not have an accounting background. Tellma ERP achieves this by presenting the sales personnel with familiar user interface that is tailored to their sales domain. When the transactions are recorded, they affect the accounts and the financial statements in real time.
Tellma ERP provides a powerful access control model to protect enterprise data, users are assigned memberships in one or more roles. A role contains one or more permissions. A permission grants the user read or write access to a specific view on Tellma ERP such as employees or cash payment vouchers. Access to the view can be restricted with a custom row level filter, granting access only to a subset of records. Tellma ERP enforces access control across all screens, reports and printouts.
Tellma ERP provides integrated document archiving facilities, users recording every electronic transaction can attach to it a scan of the source document as part of the financial record, this document can be retrieved from Tellma ERP by anyone viewing the electronic transaction. This enables reviewers and auditors to complete their work in a fraction of the time. Enterprises are experiencing the benefits of document archiving especially as they shift focus to outsourcing and remote work.
Tellma ERP boasts a built-in business intelligence and analytics framework that is helping finance personnel and executives around the world keep abreast of their data. Using Tellma ERP Reporting Studio, power users can generate literally thousands of different reports that are tailor made for the needs of their businesses without any programming knowledge. All reports generated using the Tellma ERP Reporting Studio are real-time, and support drill through to the source data natively.
Tellma ERP™ transforms
the Financial Process.
Streamline reconciliation, close financial periods at a fraction of the usual time and effort and generate accurate and compliant financial statements. Tellma ERP is transforming finance departments with easy to use but powerful tools.
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What is the International Financial Reporting Standard (IFRS)?
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Are custom charts of accounts supported in Tellma ERP?
The chart of accounts is fully customizable. Tellma ERP comes with a built-in accounts’ taxonomy based on IFRS, and it also allows finance personnel to design a second custom taxonomy for internal reporting.
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What built-in reports are available in Tellma ERP?
Tellma ERP comes with a reporting studio that can be used to generate thousands of custom reports. All are tailored to the exact specifications of every enterprise, no reports are built in.
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How does Tellma ERP streamline end of period closing?
Adopters of Tellma ERP are closing their financial periods much faster than before, thanks to built-in automatic reconciliation, integrated document archiving, auto-generation of adjustment vouchers, as well as a plethora of audit reports that allows finance personnel to find data recording anomalies or mistakes immediately.
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Could 3rd party systems be integrated with Tellma's financial core?
Tellma ERP exposes 100% of its functionality as a REST API and is committed to keeping it that way. This means that Tellma ERP can be securely accessed by any 3rd party systems regardless of the platform or technology used in those systems.
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