From budgeting and requisitions, to invoicing, Pahappa Finance has all the tools you need to streamline all of your finance operations.
The system allows organizations to set up their financial system according to their specific requirements, including defining financial years, currencies, and currency conversions. This ensures accurate tracking and reporting of financial data.
The budgeting module enables the creation and management of budgets for different financial years, departments, or projects. Budget lines within budgets help allocate funds to specific categories or cost centers, and budget transfers allow flexible reallocation of funds.
The requisitions module simplifies the process of requesting goods or services by aligning them with specific budget lines. Users can submit requisitions and track their progress through the workflow, ensuring efficient handling and accountability.
The requisitions workflow module manages the flow of requisitions from submission to approval, incorporating multiple stages for evaluation, authorization, and fulfillment. This ensures that requisitions are properly evaluated and processed in a timely manner.
The accountability of requisitions module focuses on maintaining proper documentation and auditability for requisitions and associated expenses. It tracks and records key details such as requesters, approvers, and vendors, ensuring compliance with financial policies.
The expenses management module allows users to record and categorize various expenses incurred by the organization, including supplies, services, salaries, and operational costs. This ensures accurate and comprehensive tracking of financial transactions.
The financial reports module generates a variety of reports, such as balance sheets, income statements, and cash flow statements. These reports provide insights into the organization’s financial status, supporting financial analysis, budget monitoring, and informed decision-making.
This module focuses on configuring the financial system according to organizational requirements.
– It involves setting up financial years, currencies, and currency conversions.
– Financial years define the time period for budgeting and reporting.
– Currencies allow transactions to be recorded in different monetary units.
– Currency conversions enable the system to calculate and display amounts in different currencies accurately.
The budgeting module facilitates the creation and management of budgets.
– Users can create budgets for specific financial years, departments, or projects.
– Budget lines are created within budgets to allocate funds to different categories or cost centers.
– Budget transfers allow the reallocation of funds between budget lines as needed.
This module handles the process of requisitions, which are requests for goods or services.
– Requisitions are made against specific budget lines to ensure accountability and control spending.
– There can be various categories of requisitions, such as supplies, equipment, or services.
– Users can submit requisitions and track their progress through the workflow.
The requisitions workflow module manages the flow of requisitions from submission to approval.
– It includes multiple stages or steps through which a requisition must pass.
– These stages typically involve review, approval, and fulfillment of the requested items or services.
– The workflow ensures that requisitions are properly evaluated, authorized, and processed.
This module focuses on maintaining accountability for requisitions and associated expenses.
– It includes tracking and recording the details of each requisition, such as requester, approver, and vendor.
– The module helps ensure that requisitions are properly documented, auditable, and compliant with financial policies.
The expenses management module deals with recording and tracking financial transactions.
– It allows users to input and categorize various expenses incurred by the organization.
– Expenses can include payments for supplies, services, salaries, and other operational costs.
– The module ensures accurate and comprehensive records of all financial transactions.
The financial reports module generates various reports to provide insights into the organization’s financial status.
– Users can access predefined or custom reports, such as balance sheets, income statements, and cash flow statements.
– These reports help analyze financial performance, monitor budgets, and make informed decisions.
Grant and Funder Management
– The Grant and Funder Management module focus on handling grants and their associated funders.
– It facilitates the management of grant applications, awards, and reporting requirements.
– Users can track grant opportunities, submit applications, and manage the entire grant lifecycle.
– The module also assists in maintaining relationships with funders, including communication and reporting.
– Grant reporting features enable organizations to fulfill their obligations and demonstrate accountability.
– The Subgranting module allows organizations to distribute a portion of their grant funding to subrecipients or partners.
– It supports the process of creating and managing subgrants within the organization’s grant programs.
– Users can define subgrant criteria, evaluate applications, and select subrecipients.
– The module helps monitor the progress and performance of subgrants, ensuring compliance with funding requirements.
– It also assists in tracking subgrant expenditures and reporting to the main grant funders.
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