SERVICES
Enterprise Resource Planning (ERP)
Our Integrated HMIS Health solution will have provisions to integrate with the existing state ERP applications. Our analysis and understanding of standard healthcare-based ERP systems would encompass the following modules and the same have been detailed in the sections below:
FINANCE AND ACCOUNTING
Financial & Accounting Management system is bi-directionally integrated across all the other modules of the application in order to comply with the statutory accounting standards.
The Financial and Accounting Management system conforms to international standards and is one stop complete solution of accounting. It is automated and integrated with the HMIS system and track records of financial transaction across the hospital.
All the accounts and ledgers are updated on real time basis. It delivers accurate status/ reports of all the accounts that can be viewed at any point of time. There is no delay for update of the accounts and ledgers. Trial Balance, Income & Expenditure A/c, Balance Sheet and other financial statements can be viewed at any given point of time with up to date transactions since the postings takes place immediately after the completion of each transaction.
The module helps in executing Financial Year Setup, creating General Ledger and Accounts Hierarchy and handles complete accounts of the healthcare institution be it posting in general ledger, creating balance sheet, profit and loss statement, tracking accounts payable, accounts receivable, reporting cash flow analysis, bank reconciliation etc.
All the financial transactions are handled through the application, which includes creating and generating reports for Voucher Entry, Ledger Reports, Sub-Ledger reports, Back-Dated Voucher Entry, Supplier Payment, Salary Register and Payment Statement Report, ESI Monthly contribution, Bank Transfer Letter, etc.
BUDGETING & PLANNING
As part of the Financial Accounting system, the Solution would have a comprehensive Budgeting and planning modules that facilitates the hospital in planning their cash flow as well as capex management.
This module has the ability to create different types of budget heads such as Revenue, OPEX, CAPEX, Budget forecast. Upon creating of the Budget heads and allocating the budgets at the beginning of the year, the system has the capability to automatic post financial data across various account heads on a real-time basis.
Information such as whatis budgeted, what is actually spend / committed and the balance remaining are churned out as reports for easier decision-making purposes. Each of the activities are configured with multiple levels of approvals so that necessary alerts and notifications can be generated.
VENDOR PAYMENTS
The finance module at our HMIS supports multiple type of payments for vendors. The system facilities NEFT / RGTS based Vendor payments as well as conventional offline payments through Cheque and DDs. These payments are linked with the invoices that are submitted by the vendors.Aspartof vendorpayment workflow, the solution is able to track the terms including credit period that is agreed during the contracting of the vendor. The Solution would provide a comprehensive vendor payment report that helps the hospital in reconciling the payments made to the vendors. The solution also has an inbuilt approval and notification management built to ensure time payment to the vendors.