Name: Portolan EVM Accounting
Author: PORTOLAN Commerce Solutions

Customer Engagement

Help Desk

Web and Video Conferencing

Customer Support

Functional Testing

Development

Business Intelligence (BI)

Collaboration

Contract Analysis

Enterprise Search

Enterprise

Accounting

CTRM

Financial Research

Financial Risk Management

Finance and Accounting

Applicant Tracking

Compensation Management

Corporate Learning Management

HR Management

On-Demand Payment

Payroll

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printers

3D Printing

API Design

Cloud Migration

Cloud Storage

Component Content Management

Configuration Management

Data Pipeline

Database DevOps

DevOps

Disk Cloning

Fraud Detection

Integration Platform as a Service (iPaaS)

Interoperability

M2M Application Development

Managed Public Cloud Infrastructure

Network Performance Monitoring

Product Implementation Services

Relational Database Management Systems

SaaS Backup

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Content Marketing

Data Management

Digital Experience Platforms (DXP)

Email Marketing

Location Intelligence

Marketing Attribution

Marketing Automation

Referral Marketing

Search Marketing Intelligence

Social Media Management

Social Media Publishing

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Intelligent Virtual Assistant

Sales Enablement

Sales Training

Sales

Data Loss Prevention

Security

Awards Management

Construction Accounting

Construction Takeoff and Estimating

Digital Forensics

Fleet Management

Hospital Management

Insurance Agency Management

Veterinary

Vertical-Specific

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Portolan EVM Accounting is an accounting software designed to streamline daily accounting tasks and provide a modern user interface. It is specifically developed for integration with the NOW ERP solution, making it a suitable choice for companies in the textile, trading, automotive, process, and mechanical and plant engineering industries. According to the vendor, Portolan EVM Accounting caters to the needs of professionals in various industries, simplifying their accounting processes and ensuring compliance with country-specific requirements.

## Key Features

**One consistent interface**: Portolan EVM Accounting offers a consistent interface that seamlessly integrates into the NOW ERP solution, providing a unified user experience across different modules.

**Perfect integration - developed for the textile ERP system NOW**: Specifically developed for the NOW ERP system, Portolan EVM Accounting ensures smooth integration and compatibility with other modules, making it an ideal choice for companies in the textile industry.

**Internationality - meet country-specific requirements while maintaining a uniform group currency**: According to the vendor, this accounting software caters to international businesses by allowing them to meet country-specific accounting requirements while maintaining a uniform group currency, ensuring compliance and consistency in financial reporting.

**Simplified work steps thanks to automated processes - for example by writing off small differences**: Portolan EVM Accounting simplifies accounting tasks by automating processes such as writing off small differences, reducing manual effort and improving efficiency.

**Modern and intuitive user interface - no more inconvenient ways to go, with drill-down to the document level**: According to the vendor, this software offers a modern and intuitive user interface, eliminating the need for inconvenient navigation. Users can easily drill down to the document level for detailed analysis and access to relevant information.

**Simple evaluations - e.g. in the budgeting process**: Portolan EVM Accounting provides simple evaluations, making tasks like budgeting easier and more efficient. Users can generate reports and analyze financial data to support decision-making processes.

**Financial Accounting**: This software includes comprehensive financial accounting features covering G/L accounts, accounts receivable/payable, account information, payment/dunning, and reporting (e.g., UST, Z4, Z5).

**Asset Accounting**: Portolan EVM Accounting offers asset accounting capabilities, including asset master and project master management, variable AfA/valuation methods, AfA for financial and cost centers, activation projects, and asset reports.

**Cost Center Accounting**: This software provides cost center accounting functionalities, enabling the transparent preparation and presentation of overhead costs and their distribution to operational cost units. It supports cost centers/groups/hierarchies, allocations/charge rates, overhead rates, and reporting.

**Cost Unit Accounting**: Portolan EVM Accounting includes cost unit accounting features, allowing for the analysis of costs related to specific units such as orders, articles, and projects. It provides analytics and reporting capabilities for cost units.

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Standard

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Portolan EVM Accounting

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The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

PORTOLAN Commerce Solutions

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Portolan EVM Accounting

Overview

What is Portolan EVM Accounting?