Sofgen Computer Consultants (P) Ltd. is an innovative ERP/IT Solutions and Services Organization working since 1989.

We at Sofgen are well aware of the fact that you as a business have to manage your finances well on a regular basis, and this is the main reason that with the incorporation of ERP, we ensure a robust, reliable, and convenient management of your finances, so that you can streamline the entire process of managing your finance and smoothen the flow of transactions that take place on a regular basis in your business. The ERP system that Sofgen uses will enable you to execute each and every function or task related to accounting in such an easy, convenient, and effortless way that even if you have thousands of business transactions for a day, you can still manage the process of finance and accounting smoothly and efficiently.
Following are some of the major benefits of availing the services offered by Sofgen:
- Schedules.
- Define cost centers groups.
- Multi unit Accounting with options for consolidation.
- Post dated cheque (PDC) control system.
- Online vouchers update after authorization.
- Generation of Memo Vouchers.
- Printing of Cheques.
- Monthly posting of petty cash vouchers.
- P&L and Balance Sheet including Provisions.
- Complete bank Reconciliation with reconciliation statement.
- Interest calculation of any period.
- Multi-Type Trial balance.
- Cash flow statement with the payment & collection register.
- Bill receivable and payables with user definable aging.
- Payment advice generation as per due dates
- Complete TDS module with Masters , Returns & Certificates.
Thus, these are some of the major benefits that you as a business can experience if you opt for ERP. Not only this, but also, Sofgen can also help you with direct taxes and management of fixed assets, and following the are benefits that you as a business can receive related to direct taxes and fixed assets if you avail the services offered by Sofgen:
For Direct Taxes
Deduct TDS in all TDS Related Transactions
Like at the time of release of Advance, at the time of Credit.
Accumulate all the TDS Deducted as Liability to Govt.
Reduce The TDS Liability by Depositing TDS
Deducted using Bank Payment.
Record TDS Deposited Challan, BSR No Details.
Prepare Quarterly TDS Return Details & File Electronically.
Issue TDS Certificates
For Fixed Assets
Define depreciation rates and computation methods
Record Sub-Fixed Assets details for all years.
Record all Fixed assets Purchases & its capitalization along with other capitalization expenses.
Sales of Fixed Assets & booking of Profit/Loss.
Depreciation computation as per Income Tax/ Company act.
Besides all of these features and benefits associated with this module presented by Sofgen, there are other additional benefits that you can also experience while availing the services of Sofgen.
Those additional benefits are as follows:
Improved productivity
Sofgen, with its ERP, ensures that you as a business experience optimal productivity when it comes to everyday transactions, and this is the main reason that Sofgen ensures noticeable efficiency and effectiveness in all the transactions that you engage in on a regular basis.
Reduced human error
It is also true that with the incorporation of a system of ERP for finance lowers the possibility of human errors, and this is mainly because when ERP is used, the entire system gets automized, which doesn’t only increase the overall efficiency but also lowers the chances of human error.
More informed planning and budgeting
Sofgen, along with its ERP, ensures that you as a business engage in a better and more reliable plans and budget schemes, and this is mainly because ERP quickens the entire process of finance and budgeting.
Tracking and organizing financial documents
Sofgen also ensures that you as a business owners are able to track and organize your financial documents and reports in a quicker and better manner, and Sofgen enables you to do so with the incorporation of an ERP-based mechanism which atomizes the entire the process of tracking and organizing financial reports.
No missed payments
As it is an atomized process of recording, generating, and executing financial transactions, this system ensures that you do not have missed payments ever. Thus, with the incorporation of this system through ERP, you’ll be able to have consistency in recording your payments, which will entirely eliminate the chances of you missing some payments.
Centralization
Sofgen, with its ERP, also ensures that you as a business owner can have robust centralization of all of your financial services, and this is mainly because the automized system that ERP contains operate from a single server so as to ensure convenience and feasibility of all the transactions that take place in the course of a day.
Thus, these are the all features and benefits that you as a business owner can ensure with the incorporation of ERP through Sofgen. It will give your business a noticeable and remarkable boost. Plus, as being a business owner, you need to have reports to have an idea as to how the finances of your business are going. Sofgen also offers you a range of reports such as accounts, outstanding, interest computation, cost center, sub accounts, vouchers, documents, party payment rating, balance confirmation report, and link advice register.
BESIDES, THE KEY FEATURES OF THIS finance MODULE INTRODUCED BY SOFGEN INCLUDES
General Ledger (GL) Management
General Ledger (GL) Management is a fundamental component of the Finance Module within an ERP system. It serves as the central repository for all financial transactions and provides a structured framework for recording, categorizing, and summarizing these transactions. General Ledger Management in the Finance Module: Chart of Accounts (CoA), Journal Entries, Double-Entry Accounting, Posting and Ledger Updates,
General Ledger Management is the cornerstone of an organization’s financial record-keeping and reporting. It ensures accurate financial data, supports compliance with accounting standards, and enables informed decision-making by providing a clear and comprehensive view of an organization’s financial position and performance.
Accounts Payable (AP)
Accounts Payable (AP) is a critical sub-module within the Finance Module of an ERP system that focuses on managing and tracking an organization’s liabilities related to vendors and suppliers. It facilitates the recording, tracking, and management of all financial transactions associated with the organization’s payments to external parties.Accounts Payable in the finance module: Invoice Processing, Purchase Order Matching, Invoice Approval Workflow, Payment Management, Aging Analysis, Accounts Payable management is crucial for maintaining positive vendor relationships, managing cash flow, and ensuring accurate financial records. By automating and streamlining AP processes, organizations can reduce manual errors, improve efficiency, and make informed decisions based on real-time financial data.
Accounts Receivable (AR)
Accounts Payable (AP) is a critical sub-module within the Finance Module of an ERP system that focuses on managing and tracking an organization’s liabilities related to vendors and suppliers. It facilitates the recording, tracking, and management of all financial transactions associated with the organization’s payments to external parties.It includes Customer Invoicing, Sales Order Matching, Credit Management, Payment Collection, etc. Accounts Receivable management is crucial for maintaining healthy customer relationships, optimizing cash flow, and ensuring accurate financial records. By automating and streamlining AR processes, organizations can reduce manual errors, improve efficiency, and make informed decisions based on real-time financial data.
Cash Management
Cash Management is a key component of the Finance Module in an ERP system that focuses on efficiently managing an organization’s cash flows, liquidity, and financial assets. It encompasses various activities related to cash inflows and outflows, optimizing cash balances, and ensuring effective utilization of funds.IT includes Bank Reconciliation, Fund Transfer and Payments, Bank Relationship Management, Cash Flow Forecast Reporting, Cash Flow Projections etc. Cash Management is essential for maintaining financial stability and optimizing the utilization of cash resources. By effectively managing cash flows and ensuring liquidity, organizations can better support their operational needs, investments, and strategic initiatives.
Fixed Assets Management
is a crucial component within the Finance Module of an ERP system that focuses on effectively managing an organization’s tangible assets, also known as fixed assets. Fixed assets typically include items such as buildings, machinery, equipment, vehicles, and land that have a long useful life and contribute to the organization’s operations.It Includes Asset Tracking and Identification, Depreciation Forecasting and Calculations, Asset Disposal and Retirement, Asset Transfer and Location Changes etc.. Fixed Assets Management ensures that organizations maintain accurate records of their valuable assets, manage depreciation effectively, make informed decisions about asset maintenance and retirement, and comply with accounting and regulatory standards. This module helps optimize asset utilization, reduce costs, and ensure proper financial reporting related to fixed assets.
Budgeting and Forecasting
Budgeting and Forecasting is a critical component within the Finance Module of an ERP system that allows organizations to plan, create, and manage their financial budgets and forecasts. This module helps organizations set financial goals, allocate resources, monitor performance against targets, and make informed decisions based on projected financial data. It includes Budget Creation, Budget Approval Workflow, Scenario Planning, Expense Allocation, Revenue Forecasting, etc. Budgeting and Forecasting empowers organizations to strategically plan their financial activities, allocate resources effectively, and respond to changing market conditions. By providing tools for scenario analysis, performance evaluation, and collaboration, this module enhances decision-making and financial management across the organization.
Financial Reporting
Financial Reporting is a vital component within the Finance Module of an ERP system that focuses on generating accurate and insightful financial statements, reports, and analyses. These reports provide a comprehensive view of an organization’s financial health, performance, and activities, enabling stakeholders to make informed decisions. It Includes Balance Sheet, Income Statement, Cash Flow Statement, Trend Analysis, Comparative & Customisable Reports, Graphical Dashboards, Drill-Down Capabilities, etc. Financial Reporting is essential for conveying an organization’s financial performance and position to stakeholders, facilitating decision-making, compliance, and strategic planning. By providing accurate and timely financial information, this functionality empowers organizations to make informed choices and drive their financial success.
Intercompany Transactions
Intercompany Transactions functionality within the Finance Module of an ERP system deals with the recording and management of financial transactions that occur between different entities or subsidiaries within the same organization. These transactions involve the movement of funds, goods, or services between related entities, and they need to be accurately recorded, reconciled, and reported to maintain financial transparency and compliance. It includes Intercompany Accounting, Centralized Control and Decentralized Operations, Billing and Invoicing, etc. Intercompany Transactions are critical for maintaining accurate financial records and ensuring proper financial reporting within organizations with multiple subsidiaries or entities. The functionality helps prevent errors, manage transfer pricing, and streamline financial consolidation, ultimately contributing to better financial transparency and decision-making.