Khameleon’s financial management solution was designed to help service-based companies with their accounting requirements, ranging from balance sheets, to GAAP and income statements. The solution helps to allocate budgets, pay bills, invoice clients, and manage finances.
With Khameleon's solution, users can automate general ledger entries from all source applications, as well as allocations, recurring and reversing entries, balancing entries for inter-company transactions, and currency revaluations. It is also possible to automate invoice, requisition, purchase order and receipt matching; recurring payments and 1099s; tracking of due dates and discounts, including proximal terms; and triggers and alerts, based on user-definable rules. Other features include the ability to plan revenues, funding and expenditures, and monitor performance to plan for all entities, contracts, projects, products and service lines. The solution provides multicurrency capabilities throughout all areas of financial management; accounts payable, general ledger, and accounts receivable.