FINANCE MANAGEMENT

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ORMED MIS™

Finance Management for Healthcare

Complete the information loop

Ormed's Finance Management software automates each financial transaction -- from initial entry to reporting and drill-down -- to reduce human intervention and increase process efficiency.

User-defined tables automate every accounting activity in your Ormed subsystems, dramatically reducing manual intervention and processing costs.

Integration between your internal software systems and the ORMED X® B2B portal keeps everyone working together in a seamless business process, both inside and outside your organization.

Add automated reporting across multiple entities using multiple organization structures, and high visibility drill-down, and your financial control is complete.

Relax.  It's covered.

Ormed Finance Management software supports complex accounting… and a whole lot more!

Automated and streamlined

• User-defined tables automate every accounting activity
• Imported subsystem information is automatically grouped and rolled up into the financial statements
• Paperless finance environment eliminates miles of files and stacks of paper
• With a shared database, data is never entered more than once
• Individual authorized users are assigned specific online access privileges to data and reports relevant to their areas of responsibility

Accurate and effortless

• Financial and statistical information is automatically generated
• Users are guided through seamless, efficient finance processes
• Information is complete, accurate, assembled, and distributed with minimal intervention
• Accurate real-time data is easily accessed 24/7
• Redundant keying is eliminated
• Time-consuming, inefficient manual processes are eliminated
• Accounting errors caused by re-keying data, manually calculating journal entries, and manually entering subsystem data are significantly reduced
  

Drill-down to the details (unique efficiency feature!)

With conventional practices, it can take days to get a detailed management report from busy finance or IS staff. With Ormed, assigned access privileges and deep drill-down capability allow you to generate date-sensitive, drill-down management reports, from any connected desktop, in minutes... without finance or IS intervention. (Never again wait for others to “get around to it!”)

• Account source and transaction detail is easily accessible on any number in every financial statement
• Critical information is at your fingertips 24/7
• Information and report requests can be easily and quickly satisfied
• Better decisions are made faster and with more confidence

Integrated for efficiency

• Redundant efforts and actions are eliminated
• Each user’s productivity and efficiency immediately and continuously increases
• People, processes, and functions collaborate for greater overall efficiency and productivity

Measurable results

• Information is accurate
• Time-savings are immediately apparent
• Workload, process steps, and administration costs are noticeably reduced
• Performance is easily measured against objectives
• Decisions are fully informed… metric-based
• Organization is positioned for growth without adding FTEs

Bottom line savings

• Operating costs are immediately reduced
• Unauthorized expenditures and maverick buying are prevented
• Problems are identified earlier
• “The big picture” is easily shared with key stakeholders
• Report generation, printing, distribution, and storage costs are drastically reduced

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Product Datasheets

Discovery EIS

A powerful executive information system, Discovery EIS is a flexible tool for budgeting and variance analysis that lets you quickly and easily access, analyze, and summarize live and historical data.

Drill-down to account source and transaction details… a mouse-click away on any number in every financial statement.  Create financial reports and instantly repopulate the fields with a click of the mouse.

Link budget tools to expenses and reduce errors, inconsistencies, variances, and cash flow surprises.

Simplify funding management and consolidated reporting, and give each authorized user full access to relevant information and reports.