What will you build with Nextworld?

The Accounts Payable grouping of applications streamlines the entire process of managing and processing vendor invoices and payments. It automates invoice matching, approval workflows, payment scheduling, and reporting, ensuring timely and accurate payments while maintaining strong vendor relationships. By improving visibility into cash flow and reducing manual errors, it enhances operational efficiency and supports better financial control.

Ensure accurate general ledger entries without the complexity of manually managing transactions and eliminations. Fully supports multi-currency for streamlined financial operations.

Manage end-to-end intercompany transactions with automatic elimination of intercompany balances between business entities. Fully supports multi-currency for seamless global operations.

Automatically eliminate intercompany profits and cost of goods sold (COGS) markups, ensuring accurate financial consolidation and reporting.

View detailed transactions across all ledgers, including consolidations, with full multi-currency support. Both transaction currency and company currency amounts are displayed. Consolidate financial statements at any company structure level, and transact and report across multiple companies. Track budgets and actuals in both currency amounts and units. Reports include financial performance, gain/loss reporting, cumulative translation adjustments, and integrity checks.

Automate the reconciliation of received-not-invoiced and shipped-not-invoiced transactions to the general ledger for dropshipments, ensuring accurate and efficient financial tracking.

Support flexible account mapping, allowing source financial transactions to be mapped to specific general ledger accounts. Extend mapping capabilities based on multiple drivers for more detailed and accurate financial tracking.

Create and manage multiple ledgers, like adjustment ledgers, and map them to statutory and consolidated charts of accounts for flexible financial reporting.

Organize, track, and streamline the completion of tasks required to close the ledgers for each reporting period, ensuring a smooth and efficient period-end process.

Manage realized and unrealized gains and losses, with automatic posting of foreign currency gains and losses for accurate financial reporting.

Easily post intercompany, multi-currency journal entries through direct entry, Excel copy-paste, or built-in upload templates. Preview and approve entries with streamlined workflow processes, and manage recurring journal entry templates for efficiency. The app also allows for automatic or manual reversal of journal entries, ensuring accurate subledger accounting and seamless financial management.

Automatically identify and propose sales transactions that could be deferred, ensuring accurate revenue recognition and compliance with accounting standards.