Accolent ERP provides powerful financial management tools and integrations
Complete Financial Management Software Built for Growing Businesses
Accolent ERP delivers powerful financial management software designed for distributors, light manufacturers, and service businesses that need more than basic accounting tools.
The system combines GAAP-compliant accounting, real-time reporting, budgeting, forecasting, cash management, and advanced analytics in one fully integrated cloud platform. With Accolent ERP, businesses gain better visibility, tighter control, and faster financial decision-making.
What Is Financial Management Software?
Financial management software helps businesses manage all core financial operations from one centralized system. This includes:
- General ledger accounting
- Accounts receivable
- Accounts payable
- Cash management
- Bank reconciliation
- Budgeting
- Forecasting
- Financial reporting
- Inventory costing
- Fixed assets tracking
- Multi-entity accounting
Accolent ERP combines these capabilities with operational ERP data so finance teams always work with accurate, real-time information.
Accolent ERP Financial Management Software Tools
Accolent ERP financial management software gives you real-time control of all of the following financial operations:
Fully Integrated Accounting System
The Accolent ERP accounting system is fully integrated with the ERP database. Transactions automatically post to the General Ledger in real time, reducing manual entries and improving financial accuracy. Examples of automated postings include:
- Sales orders, invoicing, and customer billing
- Customer payments and deposits
- Vendor invoices and payments
- Purchase order receipts
- Inventory cost movements
- Credit memos and returns
- Audit trails and transaction histories
This automation saves time while helping ensure reliable books and faster closings.
Flexible Financial Reporting
The Accolent ERP chart of accounts allows unlimited GL accounts and flexible financial statement mapping. Create customized reports for:
- Individual entities
- Departments
- Warehouses
- Consolidated companies
- Profit centers
- Cost centers
Finance teams can generate the reports leadership needs without relying on spreadsheets.
Powerful Cash Management Tools
Cash flow visibility is essential for growing businesses. Accolent ERP financial management software includes:
- Accounts receivable management
- Accounts payable management
- Bank reconciliation
- Cash requirements planning
- Credit card payment processing
- ACH payment acceptance
- Vendor payment automation
These tools help improve collections, manage payables, and maintain healthy cash flow.
Budgeting, Forecasting, and FP&A
Accolent ERP supports financial planning and analysis with advanced tools for:
- Budgeting by GL account
- Department budgets
- Warehouse-level budgets
- Variance analysis versus actuals
- Rolling forecasts
- Demand planning
- Scenario analysis
Integrated business intelligence tools help management respond quickly to changing business conditions.
Seamless Integrations
Accolent ERP financial management software integrates with leading business solutions, including:
- Payroll providers
- Credit card processors
- ACH payment platforms
- AP automation tools
- Sales tax solutions
- Business intelligence platforms
These integrations reduce duplicate data entry and create a connected finance ecosystem.
Industries
Optimized for wholesale distribution across a number of vertical industries: auto parts, building materials, chemicals, fasteners, food & beverage, industrial, jan/san, restaurant supply and more
Accolent ERP Technology
There are good reasons that cloud-based ERP software is rapidly replacing on-premise business software. Learn why experts predict that 5 years from now on premise systems will be obsolete.
Implementation and Training
Let us show you how our comprehensive implementation and training programs will manage your transition and get you up and running on Accolent ERP quickly and painlessly.
Why Businesses Choose Accolent ERP Financial Management Software
Companies choose Accolent ERP because it combines ERP operations with advanced finance tools in one cloud platform. Benefits include:
- Better visibility into profitability
- Faster month-end closes
- Stronger cash flow control
- Improved reporting accuracy
- Easier budgeting and forecasting
- Reduced manual accounting work
- Scalable support for growth
Core Financial Management Features
Take control of your financial operations:
- Multi-Entity and Multi-Department Accounting - Manage multiple companies, warehouses, and departments with a flexible chart of accounts and consolidated reporting.
- Real-Time Financial Statements - Generate balance sheets, income statements, and custom reports instantly using current transactional data.
- Streamlined Period Closings - Accelerate month-end and year-end close processes with automated postings and auditable workflows.
- Revenue and Expense Recognition - Track revenue, expenses, and margins accurately across all business units.
- Inventory Costing - Maintain accurate inventory values with real-time costing updates on every transaction.
- Integration with 3rd party payroll – Accolent ERP has linked with multiple Payroll Processors to take a single integrated GL posting for each aggregated payroll payment
- Integrated AR Payment Receipt Methods – Accolent ERP integrated payments takes credit card, ACH payments in-person or remotely
- Integrated AP Automation – Accolent ERP integrated AP Automation allows management of vendor payments to save time and money on AP processing
- Integrated BI and Data Analytics – Accolent ERP is integrated with Phocas Software a leading business intelligence and data analytics provider. Financial Statements and Budgeting fully supported in Phocas
- Fixed Assets Management - Track fixed assets, depreciation, and asset records.
- Multi-Currency Support - Manage foreign currency transactions, convert to functional currency, and track realized and unrealized FX gains and losses.
Request a Demo
Contact us today to see how Accolent ERP financial management software can streamline accounting, improve reporting, and support smarter business decisions.
Schedule Your Demo Today
Let us show you how Accolent ERP can improve your financial management and control.
Frequently Asked Question (FAQs)
What is financial management software?
Financial management software helps businesses manage accounting, reporting, budgeting, forecasting, cash management, accounts receivable, accounts payable, inventory costing, and other core financial operations from one centralized system.
How does Accolent ERP support financial management?
Accolent ERP combines GAAP-compliant accounting, real-time GL postings, financial reporting, budgeting, forecasting, cash management, and business intelligence tools in one integrated cloud ERP platform.
Does Accolent ERP include accounting software?
Yes. Accolent ERP includes a fully integrated accounting system that automatically posts transactions to the General Ledger in real time, including invoices, payments, purchase receipts, inventory cost movements, returns, and credit memos.
Can Accolent ERP create financial statements?
Yes. Accolent ERP supports flexible financial reporting with unlimited GL accounts and customizable financial statement mapping for entities, departments, warehouses, profit centers, and cost centers.
Does Accolent ERP support budgeting and forecasting?
Yes. Accolent ERP supports budgeting by GL account, department, and warehouse, along with variance analysis, rolling forecasts, demand planning, scenario analysis, and integrated business intelligence tools.
What cash management tools are included?
Accolent ERP includes accounts receivable, accounts payable, bank reconciliation, cash requirements planning, credit card processing, ACH payment acceptance, and vendor payment automation.
Is Accolent ERP financial management software designed for distributors?
Yes. Accolent ERP is designed for distributors, light manufacturers, and service businesses that need integrated financial management tools connected to operational ERP data.