Financial Management

New World Financial Management

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New World Financial Management Software

Managing local government financials for more than 24,000,000 citizens

New World Financial Management brings all aspects of local government financials into one application. General ledger includes chart of accounts, encumbrance accounting, accounts payable, budget reporting, journal processing, month and year-end processing and system administration. Seamless information sharing with a single integrated database provides finance officers and administrators a concise summary or detailed reports in real time. The result? Informed decisions. Compliance with reporting requirements. Financial integrity. And total accountability.

open quoteNew World ERP is a well developed and thought  out product, particularly for municipalities. It's very user friendly and  comprehensive. The software will help us get data to more individuals to  improve productivity and make all of our departments more proactive.close quote

– Jason Theis, Finance Director
Bloomfield Township, Michigan

New World Financial Management Advantages

  • Flexible chart of accounts
  • Follows GAAFR standards
  • Follows GAAP standards
  • Follows GASB standards
  • Budget for local government
  • Receivables and receipting
  • Audit revenue collection
  • Full bank reconciliation
  • Robust project accounting
  • Grant management
  • Integrated asset management
  • Enterprise-wide data access

Save Time and Paper. Reduce Data Entry

New World Financial Management features include advanced workflow, electronic approvals, integration to Microsoft® Excel® and Outlook®, and the ability to import journal and lockbox entries for reduced data entry and increased efficiency. Information flows freely, and users can view, email, save and store reports online. Paperwork is reduced significantly and printing costs avoided.

Fast & Easy Information Access. Streamlined Reporting

Through Windows® and more than 100 configurable financial reports and easy-to-use drill-down inquiries, you can access information instantly and in real time, avoiding hours spent generating financial reports.

Streamlined Purchasing. Greater Financial Transparency

Purchasing is completely integrated and configurable with electronic approvals. Time is saved for employees, and paperwork is eliminated from the purchasing process. There’s greater transparency and financial awareness across departments.