Invoices, payments, costs and gains by contracts.
Account payables and receivables with ageing.
Cash flow, Balance and P&L with forecast.
– and even more finance team and CFO can get from Commotrack
Check out the how ERP for finance of commodity companies can save finance team and CFO 30-60% of time.
CASE #1: AUTOMATED INVOICING
- Once you have an execution in the system you can automatically make invoices based on bills of lading or vehicles.
- No more mistakes in invoices.
- Cargo and costs, incoming and outgoing.
- Commotrack will generate invoice and its PDF form with a possibility to send it to a customer with a full package of documents.
CASE #2: OPERATIONS PNL
- System automatically calculates operational PNL by each deal.
- When we match sale and purchase together, we can estimate preliminary financial result, based on contract prices and projected costs.
- Then after we got the execution figures, the execution PNL will appear automatically, as well, as the PNL when we will have invoices.
- So you will have a possibility to track all discrepancies deal by deal and make a consolidated report.
CASE #3: PAYABLES & RECEIVABLES & CASH FLOW
- After feed cargo and costs invoices to the system we can build AP & AR report, cash flow report.
- Regarding AP & AR, now it is very easy to understand how much and who owes you and vice versa.
- Moreover, we have automated ageing calculation, so you will see the structure of debts.
CASE #4: BALANCE AND P&L
- We have double entry which can be automated.
- Each time, when execution team makes an invoice, certain financial accounts will be filled based on set up behaviour in the system
- Which will save much time for an accountant.
- The outcome will be reflected in Balance and P&L reports.