Dealership Executives Reviewing Financial Dashboard in NAXT

Financial Management

Maximizes financial visibility and profitability for your company.

Make decisions to drive agility and growth using real-time financial reporting, embedded analytics, and AI-driven insights.

Financial Transactions

Register financial transactions is one easy to use interface.

Parent and Subsidiaries

Manage and control your costs by associating expenses and profitability with parent and subsidiary assets.

Internal Cost Accounting

Measure internal costs such as travel and expenses related to a project.

Control Expenditure

By having better visibility to expenditures and profitability by project, you’ll have more control.

Policies & Workflows

Drive the enforcement of accounting policies, rules, and approval workflows.

Our solutions are built with the following modules for financial management.

Dive deeper into our financial management features by clicking the items below.

General Ledger

Financial Management Capabilities

Manage financial accounting records
Configure multiple and recurring journals
Allocate cost and income
Support the creation of closing transactions
Prepare pre-closing documents and closing books
Utilize unlimited financial dimensions
Monitor advanced account structures and rules
Facilitate timeline completion of tasks and cooperation at month and year end with through Period Close Workspace
Track work in progress projects by visualizing the ledger balance, voucher transactions, and posted transactions (NAXT Power BI Report Package)

Bank Management

Bank Management Capabilities

Maintain the legal entity’s bank accounts and associate financial instruments
Monitor deposits, payments, drafts, and bank balances with support for electronic payments
Manage letters of guarantee and checks
Automate bank reconciliation with commonly used bai bank statement formats
Integrate electronic payment options with banks through custom COMAX integration framework

Accounts Payable

Accounts Payable Capabilities

Register, match, and pay invoices with approval workflow support and easily document attachment handling functionalities
Allocate charges
Pay expenses, commissions, and salaries
Track purchase order pre-payments
Provide vendor access to relevant information through the vendor portal

Accounts Receivable/Credit

Accounts Receivable Capabilities

Assign multiple credit limits to customers by business area
Track invoices, terms, and discounts
Process customer pre-payments
Receive and enter customer payments
Monitor credit checks and manage collections via dashboards
Centralize and monitor all activities by case
Follow the goods delivered not invoiced and goods received not invoiced items (NAXT365 Power BI Report Package)
Get greater insight into outstandings by looking at overview charts and by customer level (NAXT365 Power BI Report Package)

Equipment Accounting

Equipment Accounting Capabilities

Monitor equipment sub-ledger transaction registry for reconciliation and financial tracking of machine value
Estimate post-sale credit and late charge booking for the accurate cost of sale recording at the time of machine sale

Fixed Assets

Fixed Asset Capabilities

Manage the complete accounting lifecycle of asset; acquisition – depreciation – transfer/disposal
Transfer equipment from new to rental fleet easily
Supports multiple asset book options for various purposes (e.g., book and tax accounting layers)

Cost Accounting

Cost Accounting Capabilities

Track, record, and analyze costs at product or activity level at normal absorption and standard costing methods
Supports Power Systems accounting project – specifically milestone billing and revenue recognition

Financial Management Capabilities

Manage financial accounting records
Configure multiple and recurring journals
Allocate cost and income
Support the creation of closing transactions
Prepare pre-closing documents and closing books
Utilize unlimited financial dimensions
Monitor advanced account structures and rules
Facilitate timeline completion of tasks and cooperation at month and year end with through Period Close Workspace
Track work in progress projects by visualizing the ledger balance, voucher transactions, and posted transactions (NAXT Power BI Report Package)

Bank Management Capabilities

Maintain the legal entity’s bank accounts and associate financial instruments
Monitor deposits, payments, drafts, and bank balances with support for electronic payments
Manage letters of guarantee and checks
Automate bank reconciliation with commonly used bai bank statement formats
Integrate electronic payment options with banks through custom COMAX integration framework

Accounts Payable Capabilities

Register, match, and pay invoices with approval workflow support and easily document attachment handling functionalities
Allocate charges
Pay expenses, commissions, and salaries
Track purchase order pre-payments
Provide vendor access to relevant information through the vendor portal

Accounts Receivable Capabilities

Assign multiple credit limits to customers by business area
Track invoices, terms, and discounts
Process customer pre-payments
Receive and enter customer payments
Monitor credit checks and manage collections via dashboards
Centralize and monitor all activities by case
Follow the goods delivered not invoiced and goods received not invoiced items (NAXT365 Power BI Report Package)
Get greater insight into outstandings by looking at overview charts and by customer level (NAXT365 Power BI Report Package)

Equipment Accounting Capabilities

Monitor equipment sub-ledger transaction registry for reconciliation and financial tracking of machine value
Estimate post-sale credit and late charge booking for the accurate cost of sale recording at the time of machine sale

Fixed Asset Capabilities

Manage the complete accounting lifecycle of asset; acquisition – depreciation – transfer/disposal
Transfer equipment from new to rental fleet easily
Supports multiple asset book options for various purposes (e.g., book and tax accounting layers)

Cost Accounting Capabilities

Track, record, and analyze costs at product or activity level at normal absorption and standard costing methods
Supports Power Systems accounting project – specifically milestone billing and revenue recognition

Financial Management Capabilities

Manage financial accounting records
Configure multiple and recurring journals
Allocate cost and income
Support the creation of closing transactions
Prepare pre-closing documents and closing books
Utilize unlimited financial dimensions
Monitor advanced account structures and rules
Facilitate timeline completion of tasks and cooperation at month and year end with through Period Close Workspace
Track work in progress projects by visualizing the ledger balance, voucher transactions, and posted transactions (NAXT Power BI Report Package)

Bank Management Capabilities

Maintain the legal entity’s bank accounts and associate financial instruments
Monitor deposits, payments, drafts, and bank balances with support for electronic payments
Manage letters of guarantee and checks
Automate bank reconciliation with commonly used bai bank statement formats
Integrate electronic payment options with banks through custom COMAX integration framework

Accounts Payable Capabilities

Register, match, and pay invoices with approval workflow support and easily document attachment handling functionalities
Allocate charges
Pay expenses, commissions, and salaries
Track purchase order pre-payments
Provide vendor access to relevant information through the vendor portal

Accounts Receivable Capabilities

Assign multiple credit limits to customers by business area
Track invoices, terms, and discounts
Process customer pre-payments
Receive and enter customer payments
Monitor credit checks and manage collections via dashboards
Centralize and monitor all activities by case
Follow the goods delivered not invoiced and goods received not invoiced items (NAXT365 Power BI Report Package)
Get greater insight into outstandings by looking at overview charts and by customer level (NAXT365 Power BI Report Package)

Equipment Accounting Capabilities

Monitor equipment sub-ledger transaction registry for reconciliation and financial tracking of machine value
Estimate post-sale credit and late charge booking for the accurate cost of sale recording at the time of machine sale

Fixed Asset Capabilities

Manage the complete accounting lifecycle of asset; acquisition – depreciation – transfer/disposal
Transfer equipment from new to rental fleet easily
Supports multiple asset book options for various purposes (e.g., book and tax accounting layers)

Cost Accounting Capabilities

Track, record, and analyze costs at product or activity level at normal absorption and standard costing methods
Supports Power Systems accounting project – specifically milestone billing and revenue recognition

With NAXT Solutions, it’s easy to see your return on investment.

Benchmark your departments

With a single system and unified processes, you can monitor and rank your branches, locations, or service shops, enabling you to control best practices and implement them everywhere. It also allows you to reward actual performance and maintain organizational agility.

Watch your profitability

NAXT collects all costs and revenue information on each piece of equipment, regardless if it is in the new, used, or rental fleet. Furthermore, service costs and revenue are tracked to the machine, so any equipment has a holistic financial view.

Retain your workforce

A valuable and intuitive system can add to a technician’s capabilities by reminding them with checklists, optimize operations through dynamic workspaces, and speed up onboarding. The system will not replace experience but will enable those with less experience to follow correct procedures based on specific circumstances.

Keep up with rental growth

To make equipment rental profitable, you must consider financing costs and depreciation, among other expenditures, and compare those to revenue. Based on this information, executives and rental managers can decide which type of equipment and service they should invest in when extending their rental portfolio.

What is NAXT?

NAXT is a leading solution for equipment dealers on Microsoft Dynamics 365.

Beyond offering a complete dealership management solution with all the capacity of an ERP and CRM, we provide over 700 predefined equipment dealership processes, delivering insightful business intelligence reports along with partner eco-system solutions made for this industry.

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Solutions

Dealer Operations

Partner Ecosystem

Industries Served

Customer Engagement

Solutions built for you and your team

For CEOs & Owners

Ensure your equipment dealership’s future growth with NAXT.

For CFOs

Position your equipment dealership for growth by reducing costs, complexity and risks.

For CIOs

Get more from your infrastructure with a dynamic, full-stack, cloud-based ERP solution.

For Rental Managers

Increase utilization and manage your growing fleet in real time with NAXT.

For Service Managers

Transform your dealership from a box mover to a solution provider.

One of the big benefits of going with NAXT is that you get access to the dealer community because there are several other dealers that are now moving toward Dynamics 365, and . . . NAXT kind of acts as this connective tissue between these dealers.

Isaac Berling

Director of Enterprise Applications , Ziegler Cat

I think it’s fair to say that we still have a touch of silos that’s there, but this solution (NAXT) has maybe made us more aware of them.

Anders Roil

Director of Digital , Pon Equipment and Pon Rental

Our leadership began researching to find what they wanted was a Microsoft provider that was future-forward technology focused, and more importantly, was one that was within the dealership community.

Danielle Papenberg

Director of Organizational Development , Foley, Inc.

When we looked at the alternatives out there and spoke to other (Caterpillar) dealers, NAXT was the solution that met our needs most closely.

Martin Briggs

President , Relianz Mining Solutions

We were looking for a more modern landscape, easier to adapt to, but also more flexible in this ever-changing and fast-changing world so that we could keep pace with what’s happening around us.

Ben Van der Werff

Product Owner NAXT , Pon Equipment and Pon Power

We narrowed down to NAXT 365 as it proved to have a very strong business perspective. It was strong in allowing us to deliver to our customers what they needed from us.

Ahiro Guzman

Business Transformation Manager , SOE360