Accounts Payable Management

Web based application designed to streamline the accounts payable process for small to medium-sized businesses. It helps manage vendor invoices, track payments, and optimize cash flow, ensuring efficient and accurate handling of payables.

Features and Functions

Invoice Management

Automated invoice capture and data entry. Customizable approval workflows. Duplicate invoice detection and error reduction.

Payment Processing

Scheduled and batch payment processing. Provision for recording multiple payment methods.

Vendor Management

Comprehensive vendor profiles with contact information and transaction history. Vendor performance tracking and rating. Easy onboarding and document management for vendors.

Expense Management

Real-time tracking of expenses against budgets. Allocation of costs to specific projects or departments. Expense reporting and analytics.

Reconciliation

Automated bank reconciliation to match payments with invoices. Tools for resolving discrepancies and errors.

Audit Trail

Maintains a clear audit trail of all transactions and approvals.

Reporting and Analytics

Real-time dashboards showing key metrics like cash outflows and outstanding payables. Customizable reports on expenses, vendor payments, and payable aging. Export options for sharing reports with stakeholders.