Sage X3 Finance is the financial management module in Sage X3. Whether you’re in manufacturing, services, distribution or any other industry, robust financial management is essential for complete control of your business.
With comprehensive industry-specific capabilities, Sage X3 enables organisations to drive greater efficiencies, increase flexibility and have the insight needed to thrive and stay competitive in the face of growing complexity.
With real-time intelligent insights, the system helps finance leaders to move beyond transactional financial management to proactive operations to enhance decision making, protect revenue, mitigate risks and reduce costs.
Trusted by over 7000 customers in 80 countries, Sage X3 also offers flexible deployment options. It can be implemented on-premises or in the cloud, giving you flexibility and control over your IT strategy and business needs.
This ERP system includes financial, cost and budget accounting, commitments and fixed assets. It can also handle multi-currency, transfers and reporting of information from one country to another, and between subsidiaries and their headquarters, along with fiscal consolidation of financial results at multiple levels
Below are some of the key financial management capabilities this module offers.
Sage X3 Finance capabilities
1. Accounting and budgets
The system covers financial, cost and budget accounting, purchase commitment accounting and fixed assets. It easily handles multi-company, multi-country, multi-currency and multi legislation transactions including automated intercompany processing between subsidiaries and your headquarters.
Key capabilities include:
- General ledger with multiple charts of accounts
- Accounts payable; accounts receivable
- Cash flow management
- Bank management
- Cost and analytical accounting
- Expenditures
- Budgets and commitments
2. Fixed Assets
Sage X3 Finance enables you to track your organisation’s fixed assets effectively and efficiently throughout its entire lifecycle.
Key capabilities include:
- Numerous depreciation models
- Fixed asset lifecycle with traceability of capital expenditure
- Interim statements and closing
- Fixed asset stock count and financing
- Franchised asset management
- Financial reporting and dashboards
3. Financial Reporting
Sage X3 Finance provides your team with the information they need to make faster, more strategic decisions. Real-time analytics, alerts and notifications empower each role to respond quickly to changing business conditions.
Key capabilities include:
- Real-time analytics, alerts and notifications
- User-defined dashboards based on trigger events
- Configurable inquiries on any data table, with automatic or manual joins, sorting and selection
- Inquiries to search and filter predefined data collections using a variety of prebuilt parameters
- Library of over 400 reports supplied as standard, including legal reports
Woodie Perkins, VP of Information Technology, Allredi
Sage X3 Finance manages all aspects of businesses revolving around financial management
Multi-company and multi-currency
Multi-site and multi-company operations are handled with ease within the same database allowing for flexible consolidation and reporting. Differing fiscal legislation between countries is accommodated without compromising the overall structure of a true corporate setup. Buy in Dollars, sell in euros, report in Sterling and produce consolidated accounts in Yen? Sage X3 does not constrict any transaction to a particular currency with full reporting, exchange rate control and full Intrastat reporting.
Regulatory compliance
Sage X3 Finance contains native compatibility with requirements from regulatory bodies so that data is automatically gathered and presented in the right way. This functionality can reduce administrative overheads and help your organisation meet its obligations more effectively.
Full audit trail and logging
Full traceability of all transactions from source entry down to journal level is embedded throughout the entire system. This provides not just a log but an auditable trail of all changes.
Check out our guide: A guide to the Sage X3 Finance module – so you can gain deeper insight into Sage X3 Finance.
