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ARBES Technologies Releases New ARBES FEIS ERP Version
June 8, 2011
ARBES introduces a new ERP version of the ARBES FEIS system – version 12
ARBES Technologies has released a new version of the ARBES FEIS
information system called version 12. In addition to the support of the
new amendment to the VAT law, it offers the administration of the
calendar, automated work with files and expanded options regarding
security policy.
The new features of the ARBES FEIS 12
information system focus mainly on simplifying work with the system.
This includes calendar record-keeping that enhances work with
non-working days, enables the setting of a time limit for user access
to the system, notifies users of important events and offers highly
desirable protection against typing mistakes when entering dates. A big
advantage is the extended support for updating exchange rate lists,
which can now be automatically loaded from internet sources without the
requirement of any user operation.
Among the other enhancements of the ARBES FEIS
system in version 12 is the support for delivering files from the ARBES
FEIS system directly to online postboxes. This feature can be used for
communication with business partners (e.g. for sending electronic
invoices or notifications) as well as with public administration
authorities (especially when submitting tax returns and tax reports to
tax administrators). Support of communication with the state
administration has been further extended in the area of work with XML
files, which can now be saved automatically. Regarding outputs for the
Central System of State Accounting Information, it is now possible to
compile reports as part of a single operation.
New features concerning security policy can now be set differently
for various types of users. It is therefore possible, for example, to
set stricter rules for users with wide-ranging authorization
(administrators) or to switch off certain rules for operators who carry
out automatic import.
Current legislative changes, as a matter of course, are included
in the new version of the ERP system. This mainly concerns the
comprehensive amendment to the VAT law valid as of April 1. ARBES FEIS
functionalities have thus been extended in the area of applying
entitlements for tax deductions (shifting the option of tax deduction
entitlement to the period of tax document receipt for domestic VAT
types) and the taxation of advance payments for providing services
within the EU (obligation to pay tax as of the last day of the month in
which the remuneration of services was provided). The VAT records that
are now required by law are available in the mode of transferring tax
responsibility including the statement from these records in the set
format. Another new feature of the system is the option to enter notes
for individual types of VAT types, thus ensuring their inclusion in
each relevant tax document.
ARBES Technologies customarily
arranges an event for clients each time a major annual ARBES FEIS
version is released where clients are introduced to the new main
features. This year this event was named “Market”, due to the new event
format. Presentations and discussions took place and the stands were
organized by topic where participants could work out their individual
issues and have their questions answered by consultants and could also
pick up brochures providing information on a given topic. The
attractive location at the Czech Republic’s tallest building (the Tower
conference center in Prague) as well as the interesting program set up
according to client requests attracted a large number of ARBES FEIS
system users, all of which expressed satisfaction with the new format
of this established event. In addition to the new features in version
12 and the amendment to the VAT law, the hottest topics of interest
were the FEIS management superstructure [BI] and electronic invoicing
in the ISDOC format.