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cubic ERP

Financial Management

Developed from inception for complete integration with the rest of Cubic ERP, Cubic Financial Management delivers unparalleled, enterprise-wide visibility of the financial results of day-to-day business operations. Cubic ERP delivers a complete Financial Management software solution in four envelopes - General Ledger, Accounts Receivable, Accounts Payable and Capital Asset Management.

CUBIC GENERAL LEDGER

The highly flexible account coding structure of Cubic General Ledger can be easily modified to meet changing business needs without disrupting existing business processes. Employing common, workflow-based budgeting and commitment control processes that are shared across both project and cost center management, Cubic General Ledger enables financial managers to implement budgeting and control processes that fit the needs of individual departments and projects while maximizing efficiency of the budget control process.

Other features of Cubic General Ledger include:

  • Real-time Journal Postings - all other modules of Cubic ERP generate balanced financial journal entries directly to the General Ledger on a real-time basis providing immediate visibility and feedback on the financial impact of day-to-day and minute-to-minute operations

  • Online Non-Posting Entity (NPE) Analysis - NPE is a powerful online analytical and internal reporting tool that supports multi-dimensional grouping of accounts and online budget & actual analysis with full drill down to detailed journal entries and source documents

  • Flexible Online and Hardcopy Reporting - in addition to a pre-built set of standard reports, financial and budget managers can easily and quickly create ad hoc financial reports using the Cubic user-friendly online Quick Query tool

  • Excel Upload/Download Support - Cubic General Ledger makes it easy to exchange financial data to/from Microsoft Excel allowing users to take full advantage of the excellent graphical EIS reporting features of Excel or even to use Excel as the primary "front-end" for budget management and reporting

CUBIC ACCOUNTS RECEIVABLE (^ top ^)

With complete, real-time integration to Cubic Project Management, Customer Service Management and General Ledger, Cubic Accounts Receivable provides a single feature-rich system to handle billing, collection, payment processing, cash application, and revenue recognition. From counter sales to order shipments and project-based progress billing, Cubic Accounts Receivable provides tools and flexibility to automate and streamline collection and payment processing.

Cubic Accounts Receivable includes features such as:

  • Project Progress Billing - handles payment processing and revenue recognition for a number of project-based billing and collection scenarios including advance deposits, percent-complete billing, cost-plus billing and recognition of earned income

  • EFT Interface Support - provides for electronic funds transfers (EFT) with banks and customers through pre-built templates and program interfaces for cash application and bank reconciliation

  • Spares and Replacement Sales - supports counter sales, such as spares and replacement parts, with payment processing that does not require creation of a customer master record

  • Automated Returns Processing - customer returns are linked to the original order allowing automatic processing of returns and credits using the original order prices as well as any ancillary invoice items such as freight, taxes or special handling charges

CUBIC ACCOUNTS PAYABLE (^ top ^)

Cubic Accounts Payable is fully integrated with Cubic Procurement and General Ledger to complete the workflow cycle of the procurement process and ensure budget and authorization control over payment processing. As with all other Cubic modules, Cubic Accounts Payable incorporates flexibility, workflow and online, real-time visibility allowing customers to implement A/P processes that "fit" their business needs.

Cubic Accounts Payable is a full-featured system with special features such as:

  • Flexible Approval Workflow - accounts payable managers can pre-authorize payment limit amounts by type of transaction, bank and employee to streamline payment processing while enforcing the desired levels of payment approval

  • Flexible Management Control - pre-authorized check number ranges and automatic inter-divisional A/P clearing make it easy to consolidate A/P responsibility across selected departments and cost centers while allowing other departments, plants and P&L groups to take responsibility for their own A/P operations

  • Online A/P Workbench - this online workbench makes it easy to search and select invoices for payment and then drill down for payment authorization detail such as prices, due dates, available discounts, payment terms, etc.

  • Consolidated Check Clearing and Advance Accounting - check clearing and advance accounting can be performed simultaneously using a single online function

CUBIC CAPITAL ASSET MANAGEMENT (^ top ^)

Manufacturing businesses need to be able to manage a variety of different types of capital assets. Indirect assets, such as office furniture and personal computers, need to be tracked and valued through the basic asset life cycle of receipt, payment, tracking, depreciation, and disposal. Direct assets, such as containers and machined dies, have additional requirements to support planning and issuance to production and fulfillment operations. Finally, maintainable assets which may be either direct or indirect, have yet additional requirements including serialized asset structures, capture of actual usage data and periodic maintenance.

Cubic Capital Asset Management provides automated features and functions to manage all three types of capital assets, including:

  • Asset Procurement - capital assets may be procured either through outside purchase orders or through internal production orders with automatic creation of asset valuation journal entries

  • Asset Groupings and Structures - unlimited asset groupings, parent-child asset relationships and multi-level serialized asset BOM-type structures provide complete visibility of asset characteristics to facilitate maintenance activities and financial analysis

  • Asset Control - flexible, workflow-based asset loan and check-out processes combined with built-in bar coding make it easy to control asset loans and transfers and to maintain accurate tracking of the asset base

  • Asset Valuation - automated depreciation methods and user-defined asset accounting rules automatically trigger real-time accounting journal entries for asset life cycle events such as depreciation, ownership transfer, and disposal

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