Friday, August 7, 2009

FMS Financial Management System

Well, it is an information system, but one consisting of one or more applications, used to

a. Collect, process, maintain, transmit, and report data about financial transactions
b. Support financial planning and budgeting
c. Store cost information
d. Aid in financial statement preparation

It is usually integrated with the main corporate application, or a module within it. If separate vendor used, it talks to main apps through some middle ware.

No comments: