FOS- OpEX/CapEX Management

ATC’s proposal for OpEx/CapEx Management could be implemented together with FOS-FRP for Banking or be integrated with a third-party solution already operating successfully and manage:

Operating and Capital expenses including:

Requisitions, Budget Control, Purchase Orders, Receipts, Supplier Invoices (matched with Receipts and Orders), Supplier Invoices Approval Workflow (Business Units and Accounting process), Contracts (Rentals, Service Contracts, etc.)

Fixed Assets (Financial and Inventory) including:

Fixed Assets integration with Accounts Payable, Multiple Depreciation Methods, Multiple Registers (Local, IFRS, MIS, etc.), Fixed Assets Transfers and Splits with Location History, Fixed Assets Disposals, Fixed Assets reporting

Employee expenses including:

Easy Expense Registration with Daily Limits by Expense Type and Employee rank, Direct Link to Accounts Payable in case of invoiced expenses, Employee Cash Advances, Expenses Settlement, Payment through the Core Banking System and Expense Analysis.

Payments and cash advances including:

Pre-payments and matching with invoices, Payments Schedule, Accounts Payables Balance Aging, Bank Account Reconciliation, Transfer payments orders to the Core Banking System for execution

Cost amortization (Inter-period transactions) including:

Spreading of costs over multiple periods (insurance payments, maintenance contracts, etc.), booking of provisions with auto-reversal and Seamless integration with General Ledger System

Cost Allocation per cost centre

FOS (Financial Oriented Solutions) at a glance

OpEx - CapEx Solution brochure
Download brochure