The finance function’s influence now permeates the entire organization owing to its responsibility for responsibility for reporting on the past, managing the present, and creating the future.
The TurnQuest FMS System consists of various modules including:
Maintains all accounting information providing drill down information from company, divisional and individual transaction levels, gives a multi-dimensional reporting with self-service reporting and data visualization capabilities.
Provides a central receipting point for all cash income or payments to and by the company, with interfacing with the General Ledger and other TurnQuest Suite modules for immediate allocation, cheques requisition processing, payments and receipting.
Provides the functionality to manage and record accounting data for all customers including customer invoices, approvals and payments. Interfaced with other TurnQuest FMS modules to provide a complete set of transactions and reports for maintaining accounts receivable control.
Provides the functionality to manage and record accounting data for all vendors with the ability to enter, monitor, maintain and process payment of invoices and credit notes. Interfaced with all other TurnQuest FMS modules to ensure that all payables transactions and information are fully integrated into accounts payable.
Provides the functionality to maintain and track valuation of fixed for financial accounting, preventative maintenance and theft deterrence. Fully integrated with the other module of the TurnQuest FMS system to ensure constant flow of information
Provides the ability to manage any properties/inventory owned by the insurer. System interfaced with the accounts receivable. Fully integrated with the other module of the TurnQuest FMS system to ensure constant flow of information
Streamlines the tracking and management of Investments including Mortgages, Loans and other Investments in securities, stock markets. Fully integrated with the other module of the TurnQuest FMS system to ensure constant flow of information
Provides the functionality to efficiently handle all purchasing needs including procurement, suppliers and monitoring of deliveries from and payments to suppliers. Fully integrated with the other module of the TurnQuest FMS system to ensure constant flow of information
Multi-company, Multi-branch, Multi-Currency
Fully Integratable to 3rd party systems and integrated to all TurnQuest systems
Extensive analytical framework to modify or extend controls
Configurable rules with aggregated detailed view and analysis of leakages
In-built data management and analytics capability
Embedded native reporting feature - with export facility
Comprehensive collections management
Depreciating assets according to accepted schedules
TurnQuest FMS enables insurers to reduce records redundancy, deliver better budgeting, forecasting, and planning and gain access to more accurate audits, and keep detailed tracking records of all assets and liabilities. System also enables proper categorization of expenses and seamlessly integrates into banking systems.
TurnQuest FMS offers comprehensive systems security with absolute data integrity integrated across the entire solution. The system has inbuilt functionality that helps protect critical data against theft and fraud. TurnQuest FMS enables risk and compliance management through audit trails and the segregation of duties and mapping of roles to responsibilities
TurnQuest FMS helps insurers gain the agility to meet both the current and future financial needs and be able to rapidly and easily scale their business to handle growth across markets, geographies and products offer better user experience and lower maintenance costs.
TurnQuest FMS enables finance managers gain increased visibility into their company’s operations to enable them better assess and manage risk, grow their business, communicate effectively with business units, and drive corporate performance with real-time access to organizational and market data.
