First BIT is approved by the Federal Tax Authority as a provider of VAT compliant software.
FirstBIT ERP is highly flexible and scalable. Its powerful out of the box functionality ensures a swift and quick launch in SMEs and its high customizability allows it to adapt to your business processes. It is best suited for small to midsize businesses, and can scale up to the needs of large Enterprises as well.
It is technically advanced and secure, providing a turnkey deployment solution on-site or as a SaaS cloud service managed by FirstBit. In both options, you will get access to all of the software’s available features.
Over 24 years FirstBit delivered over 270,000 projects, and that says a lot about their success and reliability. Their product FirstBit ERP has achieved widespread acceptance across the UAE.
Financials and accounting
Financial reporting in full compliance with IFRS.
Real-time cash-flow forecasting and monitoring.
Project P&L, cost and revenue structure, project estimates versus actuals analysis.
PDC cheques printing and accounting.
Automated retention calculation and timeline tracking.
Fixed assets accounting and depreciation.
Employee expense reports and reimbursement.
Automated entries for deferred expenses and prepayments.
Manual and automated cost allocation.
Vehicle-wise, employee-wise expense tracking.
Automated month-end closing.
Comprehensive reporting tool with ability to customize reports as per your layouts.
Automated report generation and e-mail scheduling.
Get information about current status of the company in one click.
Information available anytime, anywhere.
UAE VAT Compliance
Automated VAT calculation.
Support of Tax Groups.
VAT Return (VAT 201 form UAE).
FTA audit file (FAF) generation
RCM for Import of goods and services.
UAE Customs declaration format.
Export/Out of scope transactions.
Output/Recoverable VAT analysis.
HR & Payroll
Daily Time cards record for each employee or excel/csv files processing in bulk to understand your labor costs.
Project-wise timesheet with automatic labor cost calculation.
Employee inventory/assets accounting.
Vacations and sick leaves calculation.
End-of service calculation and other provisions.
Employee loans management.
Approvals and Collaboration
Easy and flexible custom approval process designer.
Approvals for sales, purchase, HR, finance transactions.
Approval step deadline control.
Custom alerts and notifications (emails, popups).
Built-in messenger for transactions, documents, master files for faster inter-company communication.
File attachments uploader.
Real-time information about goods, prices and availability.
Multiple price-lists. Customer transaction history by orders, invoices, returns delivery notes.
Sales orders status tracking.
Sales channel efficiency and gross profit analysis.
Mobile application for field sales.
Manual and automatic discounts.
Prepare and send quotations as per your layouts.
Transfer goods to consignment and consignment sales.
Invoice creation based on % of project completion.
Accounts receivable aging and control.
Procurement and Purchasing
Consolidated view of what was ordered, what is in transition, what was received in one screen.
Materials and inventory purchase, tracking, transfer and usage.
Material and inventory limits tracking and control.
Purchase orders tracking.
Allocating expenses involved in purchasing to cost of items.
Accounts payable ageing and control.
Inventory demand forecasting.
Goods receipt notes.
Supplier prices uploading/ saving.
Suppliers payments detailed by projects, orders and invoices.
Inventory and Warehouse
Real-time tracking and analysis of inventory.
Bin-location and multi-warehouse management.
Inventory SKUs, characteristics, batches, serial numbers, expiry dates.
Fast/slow moving items.
Minimum stock balance control and alerts.
Hardware compatibility: label printers, barcode scanners, data collectors.
Stock transfers, material usage tracking.
Upload BOQ for projects.
Project's profitability, expenses tracking and desired output extraction.
Material, labor costs and overheads allocation for projects.
Material budget setup and control.
Variation Orders processing and tracking.
Estimates & quotations creation, revision and history.
Project/task progress and completion tracking.