Core financial management applications provide visibility into an enterprise's financial position through automation and process support for any activity that has a financial impact. They include the core functional areas of general ledger (GL), accounts payable, accounts receivable (AR), fixed assets (FA) and project accounting. Our definition also includes basic purchasing functionality (from requisition to purchase order processing) but not strategic sourcing or e-procurement. Core financial management applications are sold as an integrated suite and also provide financial reporting as needed by local and international regulations.
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