COMMERCIAL
FLEX Commercial module manages your commercial transactions, including purchase orders, sales orders, invoices, and payments. You can generate and track these documents, manage your accounts receivable and payable, and reconcile your bank statements. With this module, you can streamline your financial operations and ensure accurate and timely payments
Import
FLEX can help companies manage the import process more efficiently. The software can automate the creation of purchase orders, track the status of each shipment, generate reports on import costs, and provide real-time updates on the progress of each delivery.
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Indent Management
Request or Requisition: Indent management begins with a formal request or requisition for goods or materials. This request typically outlines the type and quantity of items needed, along with any specific requirements or specifications.
Generation of Indent: After approval, a formal indent or purchase order is generated. This document contains details such as the item description, quantity, delivery date, and any other terms and conditions.
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PI Information
This typically refers to personal data about an individual. Personal information can include details such as name, address, date of birth, social security number, contact information, and other identifiers.
A “PI” can also refer to a Private Investigator, a professional who conducts investigations and inquiries on behalf of individuals, businesses, or organizations. Private investigators are often hired to gather information, uncover facts, and provide surveillance services for various purposes, including legal cases, background checks, and corporate investigations.
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Import LC Information
This is the bank that issues the Letter of Credit on behalf of the importer. The LC acts as a guarantee of payment to the exporter, provided they meet the specified terms and conditions.
The advising bank is the bank in the exporter’s country that receives the LC from the issuing bank and notifies the exporter about the LC’s existence and terms.
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Bill of Entry Information
The Bill of Entry will contain details about the importer, including their name, address, and any identification numbers such as a Tax ID or Importer Exporter Code (IEC) in bangladesh.
This section includes details about the party or company to which the goods are being consigned. In some cases, the importer and consignee may be the same entity.
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Insurance Information
This includes the policy number, effective date, and expiration date of the insurance policy. It also specifies the type of insurance (e.g., auto, home, health, life) and the coverage limits.
Information about the individuals or entities covered by the insurance policy. For health insurance, this might include the names of family members on the policy. For auto insurance, it includes the names of drivers covered by the policy.
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Transport Information
For the transportation of goods, this includes information about the type of cargo, its quantity, weight, dimensions, and packaging. It may also specify any special handling requirements.
Various documents accompany shipments or passengers, including bills of lading, waybills, air waybills, passenger tickets, and manifests. These documents contain critical transportation information, such as the consignor, consignee, and description of goods.
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B2B LC Information
The bank that issues the Letter of Credit on behalf of the buyer or importer. This bank acts as a guarantor, ensuring payment to the seller (exporter) if all specified conditions are met.
The B2B LC contains a set of terms and conditions that both the buyer and the seller must adhere to. These conditions include details like the amount of the LC, the shipping and delivery terms, required documents, and any other contractual obligations.
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Invoice Information
In an ERP system, you can typically create invoices automatically or manually. Automated invoice generation is often tied to sales orders, purchase orders, or other financial transactions within the system.
ERPs often have built-in features to handle tax calculations, including different tax rates for various items and regions. They can also generate tax reports for compliance purposes.
Export
FLEX can help companies manage the export process more efficiently. The software can automate the creation of sales orders, track the status of each shipment, generate reports on export revenues, and provide real-time updates on the progress of each delivery. Additionally, the software can help managing compliance with local and international regulations, such as export licenses and trade agreements.
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PI Information
A Purchase Invoice (PI) is a financial document generated by a business when it receives goods or services from a vendor. It is essentially a bill from the vendor to the company for the items or services purchased.
In an ERP system, purchase invoices can be created manually by entering the details or automatically generated based on purchase orders or goods receipt notes.
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Export LC Information
A unique identifier for the Letter of Credit.The date when the Letter of Credit was issued. The date on which the Letter of Credit will expire. This is the last day the beneficiary (the seller) can present documents for payment.The buyer or the party requesting the issuance of the LC.
The bank that is responsible for notifying the beneficiary that the LC has been issued. This bank may also be the confirming bank if necessary.Specific conditions and terms that must be met by the beneficiary to receive payment. This may include details about the shipping of goods, required documents, and payment instructions.
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Local Sales Contact Information
Visit the official website of the company or organization you’re interested in. Look for a “Contact Us” or “Sales” page, where you may find local contact information.
Some companies provide contact information on their social media profiles. You can try reaching out to them through platforms like LinkedIn, Facebook, or Twitter.
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Invoice Information
ERP systems allow you to create invoices automatically or manually. You can input the necessary information such as customer details, products or services provided, quantities, prices, and tax information.
ERP systems store customer information, making it easier to fill in the customer’s details on the invoice. This data can be imported or entered manually and can include billing addresses, shipping addresses, and payment terms.
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GSP
In the field of telecommunications, GSP refers to a Global System for Mobile Communications service provider. These are the companies that offer mobile network services to customers, including voice calls, text messaging, and data services.
In the context of geographic information systems, GSP can refer to a service provider that offers mapping, geospatial data, and location-based services.
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BTMA
BTMA can be an abbreviation for a business and technology management association, which may be an organization or group related to the field of business and technology management.
In a textile and apparel industry context, BTMA can stand for the Bangladesh Textile Mills Association, which is an association related to the textile sector in Bangladesh.
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Realization
ERP systems are highly configurable, and during the realization phase, the configuration settings are defined to align with the organization’s business processes. This may involve setting up modules, defining workflows, and configuring the system to accommodate specific business rules.
ERP systems need to be customized to address unique or industry-specific requirements. Custom development may be required to create features, reports, or integrations that are not available out of the box.
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Incentive
These include monetary rewards such as bonuses, commissions, profit-sharing, and salary increases. Financial incentives are often used to motivate employees, customers, or individuals to achieve specific goals or objectives.
These are rewards that are not related to money but can still motivate individuals. Examples include recognition, praise, awards, or additional time off from work.