IT Financial Management with FMS
The KOMAND Financial Management System (FMS) provides a wide range of financial reports and applications relating to resource accounting and chargeback. It is the central repository of charging data from all the KOMAND charging system products. FMS accumulates enterprise utilization and charges for each customer account by billing period into one VSAM Master file. FMS then uses the Master file to create invoices, year-to-date, and other financial reports. These reports can be produced in a detailed technical or a management summary format. Following are some features within FMS:
- Debit and Credit capabilities
Debits and/or credits may be applied as one-time transactions directly to an account or brought in monthly as recurring charges from a batch file or KIM. - Discounts and Surcharging
Up to two separate percentage discounts may be given when a customer reaches specific levels of total charges. Customers may also be surcharged or credited based on individual resource utilization or charge threshold levels. - Proration of Charges
Charges and utilization from one account, job, or resource category may be spread across other accounts at user specified percentages. Credits as well as debits may be prorated. - Zero Balancing
This feature will compare the actual revenue generated to a specified target amount and generate a new debit or credit to each account based on their percentage of the total revenue in order to reach the target amount. This feature can be used to achieve a zero balance recovery, a specific profit margin, or to apply a tax or surcharge.
Benefits
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