System Granules

Navision Financials is a scalable solution that consists of many small units called granules. Both system and application functions, as well as facilities for designing and programming customized features and add-ons, are all divided into granules. This carefully designed system offers great flexibility. You can purchase precisely the functions that you need, have them customized, and add further components as needed.

Departments and Projects

Departments and Projects add two additional dimensions to Navision Financials. You can assign department and project codes to each transaction that involves a general ledger account, customer, vendor, inventory item, resource, or job.

Multi-Currency Functionality & Euro Support

Navision Financials supports multiple-currency functionality in the general ledger. Users are able to display G/L balances in their base currency as well as an alternate reporting currency, with online inquiries and printed reports showing side-by-side currency amounts for account comparisons. Thus, companies will be able to issue reports, such as financial statements in either their base national currency while maintaining the Euro as the standard currency in the general ledger.

A One- Time Batch job For Conversion From Local Currency To Euro - This tool will enable companies to convert their entire database to Euro.

Dynamic Number Formatting - With Navision Financials it is possible to specify the format for any currency that you set up in your system, thus ensuring that amounts are always shown in the correct format.

Exchange-Rate History - Exchange rates are a source of valuable information for international business. Navision Financials has the ability to maintain exchange-rate statistics in order to keep track of fluctuation over a period of time.

Source Currency - One of Navision Financials strongest features is the ability to track the details of transactions. This functionality has now been extended making it possible to trace the source currency for all transactions.

Triangulation Support In Currency Table - The currency table in Navision Financials 2.00 has been modified to meet the special conditions brought about by the Euro. This is because starting on January 1st 1999, there will no longer be published exchange rates from one notional currency to another currency for countries that are part of the Economic and Monetary Union (EMU), this includes: Germany, France, Italy, Belgium, Netherlands, Luxembourg, Ireland, Portugal, Spain, Austria and Finland. The only published exchange rate will be from the notional currencies to the Euro. Thus notional currencies for countries participating in the EMU will cease to be from US dollars to the Euro and then from the Euro to the foreign currency. Additionally, Companies must have the ability to invoice and receive payments in the Euro. Companies must have the ability to store prices in the Euro. Financial systems must be able to calculate out to six significant digits to handle Euro conversion factors.

Navision Financials Multi-Currency functionality provides the ability to restate G/L balances in two currencies, with online inquiries and printed reports showing side-by-side currency amounts for account comparisons.

Multiple Languages

The Multiple Language features allow you to set up alternative descriptions of your inventory items. The descriptions can be linked to individual customers as well, which is especially useful for sales to foreign countries. But even for domestic customers it can be very useful to customize the item descriptions. The alternative item descriptions are automatically selected through the Sales Order and Purchase Order options. Multiple Languages also lets you print documents, such as orders, invoices, and credit memos, in the language of the customer or vendor.

Multiple Companies

A standard Navision Financials license provides for two sets of data: a Demo Company and the "real" company data with the customer's own chart of accounts, customers, vendors and so on. The Multiple Company feature lets the customer have several separate sets of "real" data. This feature is often selected if the customer keeps books for several legal entities or subsidiaries.

Security

The security features are a function of the Navision Financials database. User IDs and passwords control access to each table, window, menu, and function of Navision Financials. Users can be assigned to customized menus and windows to provide each user with only the functions necessary for his or her job. Security has two levels:

User IDs and Passwords gives you control of access to the solution, and gives all designated users full permissions.

User Permissions and Control is an advanced and detailed system for assigning and limiting user permissions. It requires the configuration of user IDs and passwords.

Sales Tax

Navision Financials' Sales Tax capabilities handle all aspects of US sales tax for both sales and purchases. You can collect sales tax for an unlimited number of jurisdictions per transaction. This lets you handle federal, state, county or parish, city, and any other tax jurisdiction.

Reason Codes

This feature lets you define a set of reason codes, which can be assigned to individual transactions throughout the system. This provides for an additional, user-defined audit trail, which complements the information already provided by audit trails and posting descriptions.

Purchasers/Sales People

The Purchaser/Sales People feature lets you assign purchasers to vendors and sales people to customers to keep track of purchases and sales per person. Purchaser and sales persons are tracked in the Vendor Ledger, Customer Ledger, Item Ledger, Job Ledger and Resource Ledger.
Required for Requisition Management.

Session

Each session gives a user access to the solution in a multi-user installation. The client/ server structure and the operating system allow you to work in more than one session as well as allowing multiple users on different computers at the same time.

Check out the following information pages to review more information on the core Navision Software Product:

• Navision Financials Fact Sheet
• Navision Financials Product Overview
• Navision Financials Functionality
• Navision System Wide Details