Finance · Industry Solution
Foreign Trade for Finance
In finance, cash control, regulatory compliance and auditability require functions to keep the trail and approval chain of every movement complete. Track foreign trade transactions and product cost accurately with import and export cards, inward processing permit documents and landed-cost distribution slips. The module works integrated with the finance, accounting and warehouse modules.
Finance context
Why Foreign Trade works differently in Finance
In Finance, financial processes center on sector-specific concepts such as cash and bank control, compliant accounting, approval flows. In finance, cash control, regulatory compliance and auditability require functions to keep the trail and approval chain of every movement complete.
Qera ERP's Foreign Trade module is set up around how the finance sector works: Manages import-export and customs processes integrated with financial records and FX.
- When cash, bank and note movements are kept in different places, the cash position can't be seen in real time.
- When accounting records are disconnected from operations, financial statements come out late and inaccurate.
- When regulatory and e-transformation requirements are handled manually, compliance risk and workload grow.
Capabilities
How Qera Foreign Trade works in Finance
The core capabilities of the Foreign Trade module, described for the account, period and approval needs of the finance sector.
Import cards
Create detailed cards for each import transaction, holding the product definition, supplier information, and customs and freight costs; track the process from start to finish.
Export cards
Track the status of each transaction in real time with export cards holding all details, from customer order to shipping documents and freight information.
Inward processing permit documents
Avoid disruptions in legal processes by managing all required inward processing and permit documents.
Landed-cost distribution slips
Reflect customs duty, freight, insurance and other costs automatically into the cost of imported products; see the true cost of products clearly.
Invoice and payment integration
Import invoices come from procurement and export invoices from sales; payment and collection processes are posted automatically to finance and accounting.
Reporting
Analyze the performance of your foreign trade operations with reports and plan the next period from that data.
Outcomes
What it delivers for your Finance business
What you see in finance operations once it is set up properly.
- Import and export transactions are tracked in one system, from customs to freight.
- Landed-cost distribution shows the true cost of a product, and prices are set on that basis.
- Integration with finance, accounting and warehouse reduces manual work.
- Permit documents are tracked in the system, which lowers the risk of disruption in legal processes.
Explore further
Related pages
Full details of the Foreign Trade module, the Finance sector page and other Finance solutions.
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