Page 10 - Millennium U4F Brochure 2021

No sub-systems. No sub-ledgers. No waiting, No reconciling
Unit4 Financials broke new ground when it was launched, as the first single-ledger (or unified) accounting system. Unlike the batch or multi- module designs that came before, the general ledger and all the sub-ledgers, such as Accounts Payable, Accounts Receivable, etc. are all part of one system and one multi-dimensional financial model. Without the need for integration between sub-systems, your business data is consistent and always in balance and your ledgers are always up to date.
Multi-dimensional – infinite ways to classify. Measure and analyse your business
The multi-dimensional financial module of Unit4 Financials provides exceptional ways to capture,
store, and maintain financial
data. For example, the chart of accounts offers unparalleled flexibility to measure profitability, accommodating different account coding schemes within the same company. This allows each line of business to measure profitability the
way it needs to yet provides a single reporting model or ledger that is always in balance.
Multi-everything
The financial model of Unit4 Financials includes dimensions
for multiple currencies, account balances, budgets, forecasts, supplier activity, customer activity, and other business statistics. It is
a multi-everything design (country, company, currency, tax, language), handling even the most complex or evolving corporate structures. Unit4 Financials may be implemented and run as a single version worldwide, delivering the control that you need to ensure consistency across your enterprise. But it also offers the capability and flexibility to satisfy a huge range of local requirements and approaches to accounting found around the world.
Real-time visibility
A hallmark of Unit4 Financials is its world famous, real-time drilldown.
Because of the single financial model and configurable business dimensions, users can browse from high-level balances down to original source documents without passing through complicated summary entries and without missing any transactions due to batch integrations, module updates or balance roll-up routines. For instance, cash balances instantly reflect activity as cheques are issued in Accounts Payable and cash is received in Accounts Payable.
With Unit4 Financials, you always know your cash position – up to the minute and down to the last cent.
Faster closes
One of the most stressful and demanding times in an accounting department is during a period close. While there are many causes