Compiere - The Multi's. Many applications have evolved from custom
solutions or over an extended period of time, and therefore, the initial
designs usually did not include the majority of the 'multi' functionality.
Normally, what happens is this functionality is often added on top of the
application at a later date. This results in "hard to extend and maintain"
applications, with significant overhead.
Compiere was designed from the beginning with all of the "Multi" functionality. You can enable it at anytime or switch it off, if you don't need it anymore.
By designing an application with the "Multi" requirements in mind, the resulting application is easier to maintain and to extend, and of course, much more stable with better performance. The measurable benefits are lower implementation and support costs in addition to significantly more functionality.
Multi-Organization features ensure that different organizational entities can share data or make sure that private data is not accessible by other entities. Sharing data is the prerequisite for centralized functionality, outsourcing, service centers or organizations that own and operate multiple companies.
Multi-Currency provides full support for all aspects of multi-currency functionality (e.g. price lists, preferred customer currency, etc.), and there is no need to copy or replicate transactions. A transaction may have one or many accounting currencies. Starting, switching and discontinuing a currency is easy due to lack of a primary accounting currency, which is waht most systems provide.
Multi-Accounting allows you to account in multiple, parallel accounting standards. This allows you to maintain parallel accounting for any combination of the following:
- Accrual and Cash-based Accounting
- Different accounting standards (e.g., US GAAP, UK SAP, German HGB)
- Different inventory costing methods (e.g., Standard, Average, FIFO)
- Different currencies
Multi-Costing uses different costing methods (Standard, Average) which can result in different financial results. Compiere supports using more than one costing method, e.g. for legal accounting and business decision-making.
Multi-Language allows you to translate all elements, allowing different users to have their screens and reports in their language and allows printing all documents in the format and language of your customer or vendor.
Multi-Tax supports Sales Tax and Value Added Tax, including multiple taxes (e.g. for Canada). The tax engine determines the correct tax, its amount and date
Want more detail on our "Multi" capability? Make sure your click on the headings listed above, or click below for easy reference:
Multi-Organization - Multi-Currency - Multi-Accounting - Multi-Costing
Multi-Language - Multi-Tax