Overview

Improve financial operations and stay on top of changing business models with VIENNA Advantage Financial Management module. Our solution supports your specific financial management and accounting needs, helps you be more efficient and saves you time.


  • Manage tax calculation and declarations
  • Supports accounting standards of all countries
  • Maintains separate document and ledger level posting
  • Standard and alternate reporting hierarchies
  • Dimensions-based reporting such as projects, sales regions, products, campaigns and more
  • Manage cost-centers, multiple organizations, multiple currencies and currency-rate adjustments
  • Automated postings for your convenience
  • Enhanced approvals and alerts
  • IFRS Compliance
  • Comprehensive fixed assets and asset-depreciation module
  • Performance analysis

Business Cockpit

Business Cockpit is a role based set of transactions which simplify your daily tasks and provide the most important information on a single view to execute your tasks.

Accounts Payable

Check all account payable and create multi-mode payments.


Accounts Receivable

Check all account receivables and create multi-mode payment receipts.


Bank Management

View statements of multiple bank accounts, view found-flow trends and current balances.


Ledgers

View all GL account balances.

Cash Management

View statements of multiple cashbooks, generate and release cash payments, view cash-flow trends and current cashbook balances.


Accounting Dashboard

View liquidity, profit, revenue and expense trends, bank balances, cash balances, account payables, account receivables


Accounts Reports

View P&L and balance sheet reports


Tasks

Assign tasks to you or to others and track the status of each task on your dashboard.

General Ledger Accounting

VIENNA Advantage Financials is a strong solution that adapts to any legacy system requirements. It supports running of multiple legacy systems on different tenant and organization level.


  • Accounting periods setup / define fiscal year
  • Year-end process
  • GL category
  • General ledger distribution
  • GL journal - preparation, validation and approval processes with advanced workflow management
  • Batch journal
  • Recurring documents
  • Counter-documents for multiple organization
  • Tax setup and periodical tax declaration
  • Multiple accounting dimensions
  • Accounting combination
  • General ledger category
  • Currency, currency type, currency rate
  • Document type and sequence
  • Tax category, tax rate and tax declaration
  • Charges

Receivables and Payables

Plan your sales forecast based on the actual sales pipeline as well as the forecast worked out by your different sales teams. Run plan versus actual reports and see which measures lead to success.


  • Multiple Sales & Purchase Pricelists
  • Multiple and Campaign-based Discount Schemas
  • Multiple Payment Schedule
  • Multiple Payment Methods
  • Customer & Vendor Prepayment
  • Flexible Dunning Functionality
  • Interest-calculation functionality on delayed payments against Sales Invoices
  • Electronic Payment Formats
  • Multi-currency Transactions
  • Bridging Accounts
  • Invoice and Payment Approval Processes

Bank and Cash Management

Save time by automating tasks such as bank reconciliations, payments, transfers and more.


  • Set up and maintain several multi-currency bank accounts
  • Check-printing
  • Reconciliation of bank accounts
  • Multi-currency cashbook management
  • Cash transfers
  • Bank statement import (in some countries) and statement matching
  • Extensive standard and ad-hoc reports

Budget and Cost Centers

Set budgets at any accounting dimension, such as operational or at project level, and track actuals against that.


  • Define budget at multiple levels such as organization, project or cost center, profit center, campaign level and many more
  • Link budget with purchase orders and expenses transactions
  • Track budget versus actuaIs
  • Maintain multiple budget and forecast versions Set alerts on budget and actuals
  • Override budget limits with approvals

Product Costing

Track your product cost more accurately and automate your purchase and material transactions.


  • Multiple costing methods at the same time
  • Average Invoice, Average PO, Last PO, Last Invoice, FOFO, LIFO, Standard Cost
  • Multiple product valuation schemas
  • Costing in multiple currencies
  • Automatic posting based on cost
  • Real-time reports
  • Landed cost and surcharges
  • Production costing
  • … and many more

Fixed Assets Management

Automate your fix asset management and improve your business performance.


Assets and asset groups

Manage all types of specific assets and asset groups with all types of attributes. Moreover manage acquisition, depreciation and disposal of assets or asset groups.


Asset management and maintenance

Track life of assets and execute maintenance activities automatically using workflow and schedulers.


Locate and track your valuables

Know where your assets are located and track each transaction on your assets. Automatically get alerted in case of your choice.

Asset delivery

Deliver assets to customer or other business partners. Manage assets in possession or assets delivered to customers or other business partners for e.g. for projects.


Know the cost of each asset

Allocate expenses and maintenance resource cost to your assets in order to know the exact cost of your assets. Create various asset reports such as: customer assets report, asset delivery details report, asset delivery month report, etc.


Fixed asset depreciation module

Select from various methods of depreciation on assets and automatically generate accounting entries.


Financial Reporting

Have a multi-dimensional view of your corporate finances. Use the standard reports provided by the system or create your own custom repots using our business intelligence functionality.


Standard financial repots

  • Profit & Loss
  • Balance Sheet
  • Statement of Accounts
  • Ad-hoc reports
  • Budget Control

Custom financial reports

  • Build your own tailored reporting experience and distribute highly customized financial reports
  • Go from data to customizable graphical dashboards in hours – not weeks or months
  • Highlight trends and project forecasts

Tax Management

VIENNA Advantage Tax Management is a flexible engine to localize the taxation to your country.


  • Define country specific taxation
  • Flexible Tax Engine
  • Generate Tax Declaration periodically
  • Compensate taxes against each other
  • Define Formula based tax calculation

Service Level Agreements (SLA)

Never miss on the most important evaluation criteria of your business partner by getting proactive alerts from your system.

Set SLA criteria

Set custom KPIs for each business partner, like delivery accuracy, delivery time, or payment time etc.


Define SLA partner

Set service level agreements for employees, customers, vendors, and other business partners.

Alerts and tracking

Set financial and non-financial targets in the system and get alerted whenever a target is met or change has occurred. Based on the transactions in the system, our financial module automatically calculates the actual values and lets you track their performance.

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