Purchase & Payable Management

Accounts Payable Module provides the functionality to enter, monitor, maintain and process payments of invoices and credit notes, that the organization received from its vendors.

The key functionality of this module is as follows:

 

– Immediate registration of incoming invoices

– Tracking & Authorization of incoming invoices

– Entry of order-based and sundry invoices

– Automatic matching of invoices with receipts

– Separate procedure for approval of invoices that exceed user tolerances

– Self-Billing Invoices – suitable for JIT environment where receipt of goods automatically generates approved invoices in the system which are paid through remittances and supplier need not send any invoice.

– Accounts Classification for reconciliation