Wizmen Standard ERP
Your Comprehensive Enterprise Solution
Meet the business management solution suite that ticks all your boxes instead of putting you into one
Introduction
WIZMEN Standard ERP is a comprehensive, customizable solution that streamlines every aspect of your business—from financials and inventory to sales, purchasing, and beyond. With powerful modules like Cash Management, Sales & Receivables, and Fixed Assets, it brings complete visibility and control to your operations. Integrated analytics, mobile access, and seamless third-party connections (like Shopify) let you manage everything in one place, driving efficiency and growth.
Salient Features of Wizmen Standard ERP
Point Of Sales & Receivable
Purchase & Payable
Financial Management
Inventory Management
Recipe Management
Kitchen Display Setup
Employee Management
Customer Feedback & Loyalty Program
KPI’s & Dashboards
Advanced Reporting & Analytics
Salient Features of Wizmen Standard ERP
General Ledger System
Flexible Chart of Accounts, budgeting, reporting, automated transactions, advanced financial analysis, and tailored financial statements.
Cash Management System
Streamlined transaction recording, automated cash processes, receivables tracking, insightful reporting, and secure access controls.
Sales & Receivable System
Comprehensive sales management, robust analytics, visual insights, and enhanced features for end-to-end sales processing.
Purchase & Payable System
Efficient procurement, advanced document matching, transaction detail, supplier management, tax handling, credit control, and integrated payments.
Fixed Assets Management System
End-to-end asset lifecycle management, precise asset tracking, and seamless integration with financial modules.
Budgeting System
Comprehensive, integrated budgeting and financial planning, aligning resources with strategic goals.
Flexible Inventory Structuring
Organize inventory with customizable item categories, cost centers, and locators for precise tracking and optimal storage.
Efficient PO & Demand Management
Streamlined PO processes with demand matching, tolerance settings, and un-invoiced GRN tracking for accurate billing.
Dynamic Inventory Reporting
Real-time insights from tailored inventory reports across all stages of inventory lifecycle management.
General Features
Enhanced security, multilingual and multi-currency support, offline and mobile access, flexible customization, and detailed audit trails.
Multiple Currency Handling
Enter transactions in any global currency with real-time conversion to native currency for accurate reporting.
Electronic Authorization
Streamlined electronic transaction approvals to ensure seamless, verified financial operations.
Strong Security System
Advanced security controls grant role-based access to ensure secure, authorized system interactions.
Transaction Batching
Efficient transaction batch creation with options to post or un-post entire batches as needed.
Budget Controls
Expense budgeting tools help maintain cost-efficiency while preserving performance.
Tight Integration of All Modules
Modules are fully integrated, eliminating data entry redundancy across the system.
Flexible Account, Item Category, Cost Center, Locator, and Area Coding
Adaptable coding structures for dynamic requirements in accounting, inventory, and cost management.
Centralized Database Model
Centralized database enables efficient data replication from remote sites to the main office.
Modules and Key Features
Accounting Features / General Ledger System
Flexible Chart of Accounts
Wizmen ERP’s adaptable Chart of Accounts allows for detailed financial data organization with multiple segments. Transactions can be categorized by company, unit, and more, ensuring a well-structured financial system.
Budgeting and Reporting
Create and manage budgets alongside actuals and reserved funds. Standard and custom reports provide valuable insights for financial analysis and informed decision-making.
Journaling and Transactions
User-defined journal types and categories accommodate diverse financial recording needs. Foreign currency transactions and flexible voucher sequencing are supported.
Enhanced Transaction Management
Freeze and unfreeze accounting periods, attach supporting documents, and utilize standardized narrations. The Descriptive FlexField captures additional transaction details.
Automation and Efficiency
Streamline workflows with automatic voucher reversal, recurring transactions, and mass allocation. View and post automatic vouchers generated from other modules.
Financial Statement Generation
Generate comprehensive financial statements including Profit & Loss, Balance Sheet, Cash Flow Statements, and more. Utilize ratio analysis, variance analysis, and expense comparison reports.
Advanced Analysis
Conduct complex financial analyses and create ad-hoc reports using the WIZMEN Worksheet.
Integrated Functionality
Seamlessly integrate Accounts Receivable (AR), Accounts Payable (AP), Cash Management (CM), and Inventory modules for data consistency and efficient operations.
Cash Management System
Receipts & Payments Marking
Easily set clear dates for receipts and payments.
Bank Reconciliation
Create accurate, easy-to-manage reconciliation statements.
Cheque Printing & Control
Manage cheque book inventory and print cheques directly.
Multiple Date Tracking
Record cheque date, transaction date, invoice date, and clearance dates for thorough audit tracking.
Sales & Receivable System
Sales Order Management
Create and manage sales orders with ease, capturing customer details, product specifications, pricing, and delivery information.
Dispatch Advice
Generate dispatch advice to inform warehouses of upcoming deliveries, ensuring smooth order fulfillment.
Sales Invoicing
Issue accurate and professional sales invoices with multiple date options (invoice date, due date, recording date) for flexible financial tracking.
Receipting
Record and manage customer payments efficiently, with support for various receipt methods.
Tax Challan Receipts
Simplify tax compliance by managing tax challan receipts seamlessly within the system.
Debit/Credit Memos
Issue debit and credit memos to adjust invoices for returns, discounts, or errors.
Sales Journal
Maintain a detailed record of all sales transactions for clear financial tracking.
Sales Commission Reports
Calculate and generate sales commission reports to incentivize and reward sales personnel.
Receipt/Collection Journal
Track all customer receipts and collections in a centralized journal.
Collection Call Register
Organize and prioritize collection calls for improved debt recovery.
Customer Ledger
Maintain a comprehensive customer ledger encompassing all sales transactions and account details.
Single & Multi-Level Document Matching
Efficiently match invoices, receipts, and other documents for accurate reconciliation.
Customer Ledger
Configure flexible commission structures and freight calculations for precise sales calculations.
Expenses & Rebates
Record unlimited expenses and rebates directly during invoicing for streamlined record-keeping.
Dual Measuring Units
Accommodate different measurement units on invoices to cater to diverse customer needs.
Customer Categorization
Organize customers by category, grade, and sector for targeted marketing and sales strategies.
Sales Tax Handling
Simplify sales tax calculations and ensure compliance with tax regulations.
Settlement Options
Offer customers flexible settlement options, including bill-wise and on-account settlements.
Principal Customer Grouping
Group related customers under a single principal customer for efficient management.
Customer Profiles
Maintain comprehensive customer profiles with complete details, including multiple addresses and contacts.
Credit Limit Management
Set credit limits for customers based on days and amounts to manage credit risks effectively.
Automatic Dunning Letters
Send automated reminder letters for overdue payments, streamlining collection efforts.
Purchase & Payable System
Demand & Requisition Management
Start with demand planning and purchase requisition based on stock or production needs.
Supplier Selection & PO Creation
Choose suppliers based on credit, categorization, or group affiliation, and issue purchase orders with multi-level approvals.
Receipt & Goods Inspection
Receive and inspect goods, recording quantities and any discrepancies.
Purchase Invoice & Payment Processing
Generate invoices for goods or services, applying taxes, multi-currency support, and dual measurement units.
Purchase Return
Manage returns for rejected goods, adjusting accounts and inventory accordingly.
Vendor Profiling & Credit Control
Track supplier profiles, credit terms, and multi-address details, monitoring compliance with PO terms.
Tax Management
Automatically calculate and deduct income tax, with detailed reporting for compliance.
Reporting & Analytics
Access PO aging, expense analysis, and tax deduction summaries with visual dashboards.
GL & Inventory Integration
Fully integrated with general ledger and inventory for accuracy across accounting and stock data.
Inventory Management System
Asset Planning & Procurement
Efficiently categorize inventory with customizable attributes such as Item Type, Model, Brand, Size, and Make.
Cost Center Structures
Segment consumption with classifications like Consumption Type, Nature of Consumption, and Purpose of Consumption.
Item Locator Structures
Precisely identify stock locations across warehouses and storage sites.
Un-Invoiced GRN Management
Expedite billing by managing un-invoiced Goods Receipt Notes
Valuation Method
Utilize Moving Average for flexible and accurate inventory valuation.
Bill of Material (BOM)
Track and manage materials required for production with an integrated BOM system.
PO Tolerance Parameters
Set tolerance levels for purchase orders, ensuring flexibility in shipment and quantity management.
Demand & PO Matching
Match purchase orders with demand and GRNs to ensure efficient procurement.
Multi-Organization Inventory
Control inventory across multiple organizations, sub-inventories, and locators.
Quality Inspection on GRNs
Conduct thorough inspections at GRN entry points to maintain quality standards
Financial Integration
Link seamlessly with General Ledger, Accounts Payable, and Accounts Receivable for accurate financial tracking.
Expense Reduction & Budgeting
Monitor and budget item consumption to achieve cost-saving goals without sacrificing quality.
Project Inventory Allocation
Allocate inventory to specific projects to enhance resource tracking and utilization.
Special Inventory Tracking
Track inventories in special locations such as bonded warehouses and pledged stock.
Fixed Assets Management System
Asset Planning & Procurement
Manage initial asset requisitions and purchases, with integrated budget approval.
Capitalization & Registering Assets
Add assets to the system with proper categorization, including capitalization and recording asset details.
Depreciation Calculation & Scheduling
Set up automated depreciation schedules according to financial requirements.
Asset Assignment & Transfer
Assign assets to locations or personnel, tracking movements with a transfer log.
Disposal & Write-Off
Handle disposals and write-offs, recording gains or losses and updating the asset register.
Asset Reporting & Compliance
Access depreciation schedules, addition and disposal summaries, and asset transfer registers.
GL Integration
Link fixed asset records with general ledger for accurate financial reporting and asset tracking.
Budgeting System
Budget Definition & Grouping
Define budgets for different departments or units, consolidating into overall budget categories.
Periodical Allocation
Allocate budgets by specific periods for timely management.
Variance Analysis & Reporting
Track actuals versus budgets, providing variance reports for financial oversight.
GL Integration
Real-time integration with general ledger for comprehensive budget management.
Reporting & Analytics
Financial Reports
- Balance Sheet
- Profit/Loss Reports
- Final Account Notes
- Cash Flow Statement
- Accounting Ratios
- Budget Comparison Reports
- Income/Expense Comparison Reports
- Daily Cash/Bank Position
- General Journal Summaries
- Profit / Loss
- Balance Sheet
- Cash Flow
- Monthly Expense Comparison
- Monthly Revenue Graphs
- Chart of Account
- Trial Balance – For-the-Period, Comparative, Changed-Balances-only
- General Ledger
- General Journal(s)
- Cost Center Reporting
- Voucher Printing
Sales & Receivable
- Receivable Analysis – Customer Wise
- Receipt/Collections Analysis
- Bad Debt Analysis
- Receivable Age Analysis
- Customer Performance Analysis
- Recovery Letters
- Balance Confirmation Letters
- Sales Graphs – Customer wise
- Sales Graphs – Item wise
- Over Due Balance Report
- Credit Limit Violation Report
- Collection Disputes Report
- Sales Journal
- Sales Commission Report
- Receipt/Collection Journal
- Collection Call Register
- Customer Ledger
- Receipt Printing
- Invoice Printing
- Voucher Printing
Purchase & Payable
Purchase & Payable
- Payable Analysis – Supplier Wise
- Payable Analysis – Invoice Wise
- Payment Analysis
- Payable Age Analysis
- Supplier Performance Analysis
- Funds Requirements for Payment (Period Wise)
- OverDue Balance Report
- Credit Limit Violation Report
- Payment Disputes Report
- Purchase Journal
- Payments Journal
- Sales Tax Reports
- Income Tax Deduction Reports
- Supplier Ledger
- Payment Voucher Printing
- Purchase Invoice Printing
- Balance Confirmation Letters
- Voucher Printing
Cash Management System
- Bank Reconciliation Report
- Un-Presented Cheques
- Un-Credited Cheques
- Cash Forecasting
- Bank Charges Reports
- Cash/Bank Positions
- Cash/Bank Summaries
- Other Payment Register
- Other Receipt Register
Inventory Reports
- Demand Reports
- Pending Demand Report
- Purchase Officer wise Demand Reports
- Consumption Analysis
- Month Wise Item Wise
- Item Category Wise v/s Cost Center Wise
- Purchase Analysis
- Month Wise Item Wise
- Item Wise Summaries
- Sales Order
- Pending Sales Order Report
- Store Ledger
- Sales/Dispatch Analysis
- Month Wise Item Wise
- Item Category Wise v/s Customer Wise
- RMA Inward Register
- Rate Comparison Report
- Delivery Register with sales tax
- Consolidate Stock Report
- Slow Moving Items
- Dead Stock Report.
- Stock Sufficiency Report
- Minimum Stock Level Report.
- Maximum Stock Level Report
- Rate Comparison Report
- RMA Outward Register
- Purchase Register with sales tax
- Sales Tax register Supplier wise
- Consolidate Stock Report
- Purchases Verification Report
- Scrap Item Listing
Budgeting System
- Budget Allocation Report
- Budget Utilization Report
- Budget Variance Report
- Budget Allocation Report – Cost Center wise
- Budget Utilization Report – Cost Center wise
- Budget Variance Report – Cost Center wise
- Budgeted Profit/Loss Report
Wizmen Specifically Tailored For
What is Wizmen Standard ERP?
Wizmen Standard ERP is a comprehensive enterprise resource planning system designed to streamline your business operations and enhance decision-making capabilities. It caters to various industries by providing a robust and scalable solution, ensuring that you can manage your entire business ecosystem efficiently.
The key modules of Wizmen Standard ERP include General Ledger System, Cash Management System, Sales & Receivable System, Purchase & Payable System, Fixed Assets Management System, and Budgeting System. Each module offers advanced features like flexible chart of accounts, automated processes, detailed transaction recording, comprehensive asset tracking, and integrated budgeting and planning.
Wizmen Standard ERP offers multiple benefits such as multi-currency handling, electronic authorization for transactions, strong security measures to ensure authorized access, transaction batching for better management, budget controls to monitor expenses, and tight integration of all modules to avoid data entry duplication.
The implementation process for Wizmen Standard ERP includes requirement analysis to understand your business needs, system configuration to match these needs, data migration from your old system, training your staff to use the ERP efficiently, and providing go-live support to ensure a smooth transition.
Wizmen Standard ERP offers comprehensive reporting and analytics features, including financial reports (Balance Sheet, Profit/Loss Reports, Cash Flow Statements), sales and receivable reports (Receivable Analysis, Sales Graphs), purchase and payable reports (Payable Analysis, Supplier Performance Analysis), cash management reports (Bank Reconciliation Report, Cash Forecasting), inventory reports (Demand Reports, Consumption Analysis), and budgeting reports (Budget Allocation Report, Budget Utilization Report).
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