MedhaNova ERP

The problem

Growing groups run finance, purchasing, inventory, payroll and compliance across disconnected systems and spreadsheets. Intercompany balances do not agree, consolidation is rebuilt by hand, every country adds another workaround, and when an auditor asks where a figure came from, the answer takes days. The large ERP suites solve this at a cost, timeline and complexity most companies cannot carry.

What it does

• One system of record for every legal entity, book, calendar, currency and country in the group.
• Parallel books (statutory, management, tax and consolidation) over the same economic events.
• Country rules are versioned data in separate packs, not code forks. Indian rules come first.
• Unbalanced entries cannot be posted, and closed periods stay closed.
• Every change is recorded in an audit trail that cannot be edited or switched off.
• Each company’s data is kept separate from every other company’s.

Accounting, close and reporting

• General ledger, period controls and trial balances in functional and presentation currency.
• Approved financial-statement definitions with governed account mappings.
• Open items with settlement, realised and unrealised FX, and period-end revaluation.
• XBRL reporting with statement-line mappings and reconciliation-gated close.

Group structure and consolidation

• Effective-dated ownership, control and consolidation perimeter, with reorganisation history.
• Intercompany matching, mismatch decisions and balanced elimination journals.
• Non-controlling interest, foreign-operation translation and disposal accounting.

Supply chain: purchasing, sales, inventory and logistics

• Source-to-pay: sourcing, contracts and commitments, receipts, accounts payable and procurement fraud controls.
• Sell-to-cash: offering catalogue, contractual price formulas, orders, fulfilment, billing, revenue, receivables and credit.
• Inventory, landed cost, logistics and economic ownership, including goods held by third parties.

Manufacturing and quality

Planned for a separate Manufacturing edition after the first release.

• Manufacturing definitions and shop-floor event capture.
• Deterministic material requirements planning (MRP).
• Quality planning, inspection and inventory decisions.

Assets, treasury and capital

• Fixed-asset and capital-project registers, depreciation, impairment, disposal and asset reliability.
• Bank, cash and petty-cash reconciliation, employee expenses and working capital.
• Debt, lender obligations and cash-flow hedge accounting.
• Ownership, cap table and stakeholder records.

People and payroll

India payroll first; more countries are planned.

• Workforce, labour and compensation records.
• Payroll through jurisdiction packs, with statutory wage rules and accounting reconciliation.
• Employee travel, advances and expense settlement.

Tax, compliance and sustainability

• Indirect-tax determination: registrations, supply classification and place of supply.
• Direct-tax evidence, with an India income-tax and tax-audit pack.
• Compliance obligations driven by effective-dated regulatory sources.
• Sustainability and ESG evidence, India BRSR and EPR, and environmental-instrument accounting.

Control and governance

• Segregation of duties, field-level authorisation and maker-checker approval.
• Internal financial controls and enterprise risk, with India IFC and IFCoFR packs.
• Evidence classification, retention and legal hold.
• Workflow orchestration and a management cockpit on the same governed data.

AI layers

The deterministic layers above come first. AI advisory features are planned for a later phase.

• Document intelligence: evidence registered, classified and linked to the records it supports.
• Works with more than one AI model provider, so no single vendor is built in.
• Decision intelligence: forecasts, anomalies, explanations and recommendations that show what they are based on. An AI output is never an approval.
• Important decisions can require an additional approval.
• MedhaNova Agents work beside the ERP and can only propose changes to it.

Who it is for

CFOs, COOs and finance and operations teams in companies and groups with several legal entities, currencies and countries.