Priority’s flexible, end-to-end ERP equips financial services organizations to manage multi-entity environments, meet regulatory demands, and gain complete operational control through integrated financials.
Struggling with ever-changing regulations? Priority ERP simplifies compliance with industry and regional standards such as IFRS, SOX, Basel III, GDPR, FDA 21 CFR Parts 11 & 820, ISO 13485:2016, cGMP, and ISO 9001:2015—reducing risk and saving time on audits and documentation.
Manual processes and disconnected tools slow down financial operations. With Priority ERP, you gain real-time visibility into cash flow, assets, and liabilities. Integrated financials tied to operational data ensure accurate reporting and stronger accountability across the business.
Managing multiple entities, currencies, and regulations is complex. Priority ERP handles multi-company, multi-currency, and multi-language operations with built-in localization—making consolidation and compliance seamless, no matter where you operate.
Fragmented data leads to inconsistent reporting and decision-making delays. Priority ERP centralizes data across departments and legal entities, enabling unified, accurate reporting and eliminating duplication or rework.
Rigid systems limit your ability to scale. Priority ERP is built to adapt—whether you’re launching new products, entering new markets, or undergoing business model changes. Its flexibility means your system evolves with you.
Waiting for outdated reports can stall growth. Priority ERP provides real-time business insights, empowering your teams to make data-backed decisions quickly and confidently—across finance, operations, and leadership.
“Priority has given us a large portion of our lives back. It’s so efficient it allowed us to grow without changing our headcount. One click, and I’ve got my answer.”
Enrique Menocal, CFO, Dejavoo
Manage financial transactions such as invoicing, payment processing, and financial reporting. Automation and optimization of a variety of accounting tasks, including managing accounts payable and accounts receivable, maintaining the general ledger, and reconciling financial records. These features can help automate and streamline accounting processes, provide real-time visibility into a company’s financial position, and ensure the accuracy of financial records.
Clear, relevant, reliable, and vital financial regulatory compliance and control tools to efficiently manage compliance with financial regulations, such as the (GAAP) or (IFRS) help organizations enforce industry-specific regulatory compliance and track, verify, and audit transactions.
Streamlined and optimized financial processes through real-time visibility into financial transactions and automated payment processing allows for better-informed decision making. Financial management is more convenient, allowing for easy checking of account balances, fund transfers, bill payments, and other tasks with the help of digital banking.
Customers are billed based on best-practices with a variety of billing methods and functions, including project-based billing, recurring revenues, delivery-based billing, revenue recognition, and more. Invoicing and cash flow management is automated rather than a labor-intensive, time-consuming, and error-prone manual process.
Get the tools and insights to record and report revenue accurately and transparently. Make better-informed decisions via a data-driven solution, manage revenue effectively, and get a clear understanding of the impact of revenue on overall financial stability.
Manage the end-to-end process of the fixed assets lifecycle, with seamless integration to accounts payable, inventory management, and general ledger. Manage sales, and calculate tax and box depreciation, proposals, adjustments, and revaluations through multiple methods of business asset input that can also be recorded automatically in a fixed asset journal and save time and effort on back-office management of assets operations.
Effectively manage sales targets at all levels of the organization based on various dimensions such as region, timeline, sales rep, product line, and quantity. Gain insights into sales performance, adapt to changes easily, estimate future sales, and analyze real-time data to make informed business decisions and predict short- and long-term performance with our sales target management solution.
Priority’s advanced CRM solution promotes your sales growth and upgrades business efficiency with smart management of leads and business opportunities. With a full real-time view of your sales funnel, you can enjoy accurate forecasting of potential sales and achieve quick, focused results.
Use Priority Analytics to build advanced reports using a self-service experience customized to your needs. Combine data from any area within the Priority ERP platform. Easily perform data manipulation with no need for development channels.
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“The main improvement is evident in the streamlined management and reporting processes, which have become faster, easier, and more efficient.”
David Deluya, VP Finance at Simplivia Healthcare Ltd
“In the past, I used different solutions from leading ERP providers, but Priority is much easier and simpler to understand and operate.”
Tomer Lebel, Controller at Cyberint
“Priority gave us the tools we needed to really manage and control every aspect of our business. For the first time, we had accurate costing data at our fingertips.”
Gary Durrant, Supply Chain Director, ABL
Can an ERP system be customized for the specific needs of a financial services organization?
Yes, many ERP systems are highly customizable and can be configured to meet the specific needs of a financial services organization. This may include customizing the modules and features that are included in the system, as well as integrating with other systems or external data sources. It is important to work with a vendor or consulting partner that has experience implementing ERP systems for financial services organizations, as they will be able to help you choose the right system and customize it to meet your needs.
Can financial management ERP help with budget planning and forecasting?
Yes, financial management ERP systems can significantly help with budget planning and forecasting. These ERP solutions offer comprehensive budgeting and forecasting functionalities that allow businesses to create, manage, and analyze budgets for various departments and projects. ERP's integration with financial data ensures that budgeting is based on real-time and accurate financial information. The system enables users to compare actual financial performance against budgeted figures, identifying areas for improvement and making data-driven decisions. Forecasting tools within ERP help businesses project future financial performance based on historical data and market trends, enabling them to anticipate financial outcomes and plan accordingly. This budget planning and forecasting capability empowers businesses to make informed financial decisions, align resources effectively, and achieve their financial goals more efficiently.
How is ERP used in Financial Services?
Enterprise resource planning (ERP) systems are used in financial services to manage and integrate various business processes, such as accounting, human resources, customer relationship management, and supply chain management. ERP systems can help financial services organizations streamline operations, improve efficiency, and make better-informed decisions.
What are the advantages of using an ERP for Financial Services?
Some of the main advantages of using an ERP system for financial services include:• Improved data management: An ERP system can provide a single source of truth for an organization's data, which can help improve decision-making accuracy and reliability.• Enhanced security: Financial services organizations handle sensitive data and must comply with strict regulations. An ERP system can help to ensure that data is securely stored and managed in compliance with these regulations.• Greater agility: An ERP system can provide a flexible platform for adapting to changing business needs, such as new regulations or shifts in customer demand.
Why should I use an ERP for my Financial Services organization?
There are several reasons why a financial services organization might consider using an ERP system:• Improved efficiency: By automating many of the manual processes that are involved in managing financial services operations, an ERP system can help to reduce errors, improve accuracy, and save time.• Better decision-making: An ERP system can provide real-time insights into various aspects of a financial services organization's operations, such as financial performance, customer behavior, and supply chain management. This can help to inform better decision-making.• Enhanced customer service: By providing a centralized system for managing customer relationships, an ERP system can help financial services organizations to provide a more personalized and efficient service to their clients.
What modules are usually used in Financial Services?
Several modules are commonly used in financial services organizations, including: Accounting, regulatory and tax compliance, cash management, billing, cost and budget control, revenue recognition, payments, fixed assets and more.
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