Financial Integration Core Merger (FCM) is an upcoming feature of abas 2015 that incorporates U.S. financial localization into the abas ERP core package. FCM is the fusion of the total expenditure and cost-of-goods-sold methodologies. As a perpetual inventory system that serves our global network, FCM allows users to know what their inventory is worth at any given point. With FCM, users can enter costs of materials, and book landed costs that are included in their valued inventory. Items that have been shipped but not invoiced, and items that have been received but not invoiced, are also auto-accrued by FCM.
Users can set up their own customized menus, such as this features photo displaying some of our Inventory reports.
FCM allows you to value your inventory in various ways, such as actual costing, mixed price, standard cost, LIFO, FIFO, Zero, or a combination of these methods. The FCM reports in inventory valuation show the part’s quantity and value, and tie them back to the inventory values in the balance sheet.
Our Inventory Valuation Report displays inventory by part- both quantity and total value, with the header providing an "at a glance" reconciliation to the General Ledger.