Features and Benefits: CrossPointe Financial Information OnLine™

Financial Information OnLine™ — Overall
Features		Benefits
The database design was developed specifically for public schools following Handbook II Revised and GASB standards and recommendations.		System presents its information based on the accounting practices with which school district personnel are familiar.
Uses a district-defined account structure that supports a flexible account structure specifically oriented to fund accounting.		The district may order, title, and set the use and size of account dimensions to reflect its actual requirements.
Fully integrated with other components of the system, providing control for, drawing data from, and adding information to the Student Records, Human Resources, and Supply Chain Management portions of the system.		Improves workload management by enabling activity to proceed at any time.
Financial Information OnLine™ — Budgeting
Features		Benefits
Allows for the generation and manipulation of three concurrent budget plans.		Provides for “what if” analysis of various budget alternatives.
Automatically generates budgets from historical and current year data using a variety of projection formulae.		Eliminates manual input and improves the accuracy of budget forecasting by examining actual experience.
Supports prioritized line item budgeting below the account level.		Eases budget planning and review activities.
Summarizes and processes salary and benefits budget requests generated as a result of creating staffing plans in the Human Resources/Payroll component.		Module integration eliminates data redundancy and additional data collection efforts.
Financial Information OnLine™ — Purchasing
Features		Benefits
Supports “pre-encumbrance” posting to ensure that in-process transactions are considered during available balance verification.		More timely and accurate budget control.
Allows for the distribution of item encumbrances across multiple accounts and vice versa.		Improves the timeliness and accuracy of these components while eliminating data entry work.
Tracks vendor performance by monitoring receipt and payment processing in Accounts Payable.		Eliminates manual input.
Automatically posts to the Supply Chain Warehouse and Capital Assets components when qualifying (based on district-specified criteria) items are received.		Module integration increases accuracy and productivity across a range of activities.
Financial Information OnLine™ — Accounts Payable
Features		Benefits
Allows for “batch” processing of invoices to insure accuracy and completeness.		Eliminates manual input.
Validates by both transaction counts and amounts.		Provides multi-level verification.
Automatically produces summarized General Journal entries.		Eases payable processing review and assessment.
Financial Information OnLine™ — General Ledger
Features		Benefits
Generates GASB standard reports.		Guarantees compliance with Federal and State reporting requirements.
Generates self-balancing entries.		Confirms that ledger entries are accurate — data entry personnel with limited knowledge of G/L need not be concerned about debits and credits.
Allows the district to have as many accounting periods open concurrently as needed.		Enables processing in more than one accounting period or fiscal year.
User-defined account slip.		Provides maximum flexibility to provide accounting standards to fit any local, state or Federal model.
Financial Information OnLine™ — Bid Preparation
Features		Benefits
Creates and publishes (with an Internet option in place of/in addition to paper) bid specification documents based on both manual information and data generated based on usage in the Supply Chain Management component.		Eliminates much of the manual work associated with the bidding process.
Will process both interactive and vendor-supplied machine-readable bid responses.		Speeds response processing while reducing errors.