Highlighted app functionality is outlined below. Please contact us with any questions or requests for additional information.
Fund Balancing Control
- DimensionPath enables Global Dimension 1 to work as a Fund identifier, enforcing a balanced G/L by Fund
- Once enabled, the G/L will ALWAYS be in balance by Global Dimension 1 Value, facilitating full financial reporting by fund
Automated Handling of Inter-Fund Amounts Due
- Automatic generation of balancing payable/receivable entries between funds whenever a G/L posting crosses fund lines
- Post vendor invoices with lines allocated to multiple funds, to have the amounts hit those funds (base BC) and then automatically post the payable entries for those line funds to the header fund (with a corresponding automatic receivable entry)
Centralized Cash Management
- Issue payments or receive cash in a central fund, applying the transactions to open documents in other funds (optional – not allowed by default)
- Suggest Vendor Payments and Suggest Employee Payments by Global Dimension 1 values, generating lines to either pay out of each fund or to pay open items across funds out of a centralized fund
Dimension Based Security
- Define defaults and controls around dimension values by user
- Optionally restrict user data by dimension values, so that users can be set up to only see data for their funds
Commitment/Encumbrance Management
- Optionally configure posting of committed amounts on purchase orders to the G/L using a Transaction Type dimension to segregate ACTUAL entries from COMMITMENT entries
- Full visibility into actual incurred amounts versus budget, taking into account open (not yet received/posted) amounts committed for vendor purchases
Easy Cross-Fund Analysis
- Data for all funds is always readily available
- Easily slice and dice financials and other data by fund through simple filtering, at any time
- Define Financial Reports using filters to break out fund amounts in columns or rows
All Features from the Base DimensionPath App
- 8 Global Dimensions, Dimension Relations and Subsets, Dimension Synchronization
- MORE INFO