Jan 18, 2018

4 min

BFM System: Simple Way To Streamline Finances

Finances management is an integral part of a successful business. When a company has a lacking financial management, it significantly increases the risk of failure. A Business Financial Management system is a software used by business banking clients to create, store, and report various types of financial transactions with a goal of increasing profits and ensuring sustainability. A BFM system allows identifying new business models and growth opportunities due to forecasts and results evaluation. It helps to achieve better business results thanks to the opportunity to flexibly react to the real-time data.

written by:

Antonina Ozerova

Web and Mobile Development Manager, Qulix Systems

blog (3)

Finances management is an integral part of a successful business. When a company has a lacking financial management, it significantly increases the risk of failure. A Business Financial Management system is a software used by business banking clients to create, store, and report various types of financial transactions with a goal of increasing profits and ensuring sustainability. A BFM system allows identifying new business models and growth opportunities due to forecasts and results evaluation. It helps to achieve better business results thanks to the opportunity to flexibly react to the real-time data.

Why Business Financial Management?

Capital Investments

BFM allows managing investments effectively, so business the users don’t borrow too much for assets that don’t generate income.

Operating cash flow

The system helps to effectively manage cash flow. Thus, the company always has enough money on hand to pay outstanding invoices. BFM provides forecasts based on historical and actual data tracking and analyzing.

Cost reduction

One of the key objectives of financial management is to keep costs to a minimum. A BFM system allows monitoring costs in order to manage sales and not pay increasing expenses.

Tax management

Tax management is an important part of every business. A BFM provides data on available cash, so the estimated taxes can be paid according to schedule. Moreover, the system helps timing purchases of assets in order to maximize benefits.

Relevant To Outsource Or Not? That is The Question

StandFore BFM

Every company has its own needs and requirements for a financial management system. StandFore BFM is a state-of-the-art solution enabling small and medium-sized enterprise banking customers to manage their business financials.

The system includes the following main features:

Invoicing       

Payables and receivables are a critical part of the financial picture. The system helps to understand and improve working capital by simplifying its management.

Transactions

The BFM provides various filters and search functions so all transactions data become well-structured and trackable.

Cash Flow Analysis

The system provides analyzing cash flow by monitoring the relevant financial data.

Income & Expenses

The solution has an intuitive user-interface which allows visualizing revenue source and costs categories within a specified time frame.

Budgeting

The BFM solution helps to keep expenses on track. A spending plan allows users to easily forecasting which months their finances may be tight. Such realistic assumption on income and expenses enables to manage long-term financial goals.

Financial Calendar

StandFore BFM represents data in form of interactive graphics showing individual spending patterns within a selected time period.

Looking for a reliable BFM system? Just drop us a message!

Contacts

 I consent that Qulix Systems collects and processes my personal details according to Privacy Policy.*

 I’d like to get useful information from Qulix Systems

 I consent that Qulix Systems collects and processes my personal details according to Privacy Policy.*

 I’d like to get useful information from Qulix Systems

 I consent that Qulix Systems collects and processes my personal details according to Privacy Policy.*

 I’d like to get useful information from Qulix Systems

 I consent that Qulix Systems collects and processes my personal details according to Privacy Policy.*

 I’d like to get useful information from Qulix Systems

Thank you, !

Thank you for contacting us!
We'll be in touch shortly.

Go back to the home page

Feel free to get in touch with us! Use this contact form for an ASAP response.

Call us at +44 151 528 8015
E-mail us at request@qulix.com

Thank you!

Thank you for contacting us!
We'll be in touch shortly.

Go back to the home page

Feel free to get in touch with us! Use this contact form for an ASAP response.

Call us at +44 151 528 8015
E-mail us at request@qulix.com