Exact Globe

Auditing

The single entry system minimizes errors. So you save time and increase your ability to exchange accurate information via all standard functions for periodic output, import/export functions, data exchange and automatically generated overviews. Information is rapidly moved beyond your back-office system – to your Accountant and Controller – so that you can amass the required overview for tax return preparation. The system also supports several types of indirect taxes, including Value Added Tax (VAT).

Budgeting

Globe makes it easy to enter and adjust budgets for both amounts and quantities at general ledger account level. You can also budget in a foreign currency, or automatically convert budgets into other currencies. Budgeting is possible at a detailed level – against articles or per employee. You can create different budget scenarios, drawing comparisons between a normal budget, a positive change, and a negative change.

Assets

Registering and managing assets is easy. A new asset can be registered directly when you make an entry in your purchase journal. All asset movements are linked to financial transactions to ensure completeness. After the assets have been created, monthly depreciation entries are calculated and created automatically. Each asset has an asset card listing historical transactions, ensuring easy traceability.

Cash Flow Management Module

Every company needs a clear insight into its cash flow(s). Are your customers paying on time? Who are you paying and when? Globe gives you real-time and historic insight into cash flows, the overall cash situation and the value of your company.

You’ll know the payment behavior of your debtors, via electronic banking that automatically shows the bank statements corresponding to the invoice. This eliminates the time consuming job of comparing lists of invoices to lists of payments, on paper or different screens.

Exact Globe Financials

Customizable financial information through state-of-the-art financial analysis tools provides a real-time, holistic view of your organization – giving you the ability to instantly view key revenue and cost information, sales and production date and employee productivity, instantly. Globe reveals crucial data on the business relationships between customers, suppliers, employees, products and services so you can act to maximize your business results

• Multi-currency general ledger stores currency transactions in the native (source) currency with proper re-valuations for accurate financial management
• Transactional nature of the General Ledger provides for the ability to produce a P&L at a point in time
• Upload a supporting schedule, Excel spreadsheet or document directly into a transaction within the General Ledger as a part of the embedded document management capabilities of Exact Globe
• Real time processing from any source ledger into a General Ledger provides for an immediate view into the financial system at any time
• Live drill down to source transaction, viewing all components, including customer, supplier, resource, inventory item, production order or document
• Workflow-based Cash Flow module provides for a realistic and visual approach to cash management
• Multilingual capabilities throughout the system, for all field labels in over 20 languages

General Ledger

Exact Globe’s General Ledger is a real time, multi-currency general ledger where all transactions from the various sub ledgers are posted on a real-time basis. The GL includes embedded document management that provides the ability to upload and store supporting documentation into the heart of the General Ledger. The General Ledger also provides the ability to perform intercompany transactions — linking your financials to areas of the business such as logistics, production sales, allowing you to pull information from these areas into your General Ledger. 

Electronic Banking

Management of cash flow through Electronic Banking or EFT. The Cash Flow module of Exact Globe provides for the ability to initiate payment transactions using traditional Check printing, or the increasingly popular capabilities of electronic banking and payments systems. Exact is constantly adding to the list of already numerous supported banks in both the US and Canada.

Human Resource Management

Exact Globe is a Resource centric application based on named users, with integration to the Active Directory for security management. The HR centricity allows organizations to provide a secure environment for all users as well as detailed audit trails of all transactions throughout the system. This application philosophy provides for the ability to better control access to functional areas within Globe whilst at the some time providing comprehensive audit trails where applicable.

Integration with Avalara Sales Tax Automation

In the US and Canada, there are more than 7000 jurisdictions that impose some form of sales tax. In recent years, these taxing entities averaged well over 3000 changes in rates and rules per year, or approximately 10 changes per day. Exact Globe has the solution with tax functionality powered by Avalara AvaTax. This hosted, Web-based sales tax solution automatically performs address validation, sales tax jurisdiction research and rate calculation with the Globe financial application, with no change to your existing workflow. Detailed, real-time reports are available and returns are automatically pre-populated and generated. It’s ideally suited to handing the constant jurisdiction changes prevalent in sales tax compliance. 

• Automate sales tax calculation, reporting and returns
• Reduce audit risk
• Enhance customer service and satisfaction
• Simplify your work with the instant online tax calculator
• Handle differing nexus rules
• Avoid costly inquiries that result from improper sales tax calculations
• Get real-time address verification
• Receive precise sales tax charts
• Establish best practices in sales and use tax compliance
• Download and install in just minutes