The Accounts Payable sub-ledger mirrors Accounts Receivables offering rich, secure functionality handled in a consistent way. Learn one and you’re learning the other as well.
IBS Accounts Payable puts the control in your hands. You decide how you want to manage and monitor every process and configure the software to work your way. Core processes covered include:
- Business partner set-up – including credit status, payment terms & methods, and partner structure relationships
- General Ledger Accounting – with expense coding, invoice allocation over time, revaluation based on currency fluctuation, etc
- Invoice matching – controlling invoice vs. purchase order with automatic calculation of differences
- Outgoing payments – manage payment dates, countries, currencies & payment methods, plus remittance advice, bank transfers, etc
- Enquiries – age and cash flow analysis, credit control and follow-up, full drill-down…
- Extensive reporting – cash flow and age analysis; supplier lists and labels; transaction listing, open items, payment statistics, reconciliation and more.
It’s all completely transparent, trackable and auditable to deliver unparalleled levels of management visibility into the entire sub-ledger and its impact on the business.
The benefits
Our Accounts Payable functionality helps you:
- Improve cash flow with precise control of all payables
- Keep suppliers happy with accurate, timely payments
- Automate processes to drive down costs
- Minimize errors that clog up processes
- Protect profits with rule-driven transactions
- Drive down costs through process efficiency
- Enforce policy through every step.