Accounts Payable

Ap

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Module Overview

INSIGHT's Accounts Payable module enables you to optimize your vendor payments and provides real-time insight to all aspects of the Accounts Payable function. Payment managers can ensure accuracy of invoices, quickly match invoices and payments, analyze open-balances and monitor AP performance. Accountants can easily drill down from summary GL reports to analyze and reconcile invoice distributions.

Accounts Payable - Top 10 Suppliers by Gross Amount

Key Benefits :

• Optimize cash flow
• Drive economies of scale
• Improve productivity
• On demand payables aging
• Monitor organizational effectiveness

Optimize cash flow

Optimize cash flow

Benefit: Maximize available discounts, reduce late fees and quickly spot overpayments.

How: Real-time access to invoice and payment information ensures you proactively optimize cash flow.

Drive economies of scale

Drive economies of scale

Benefit: Secure better supplier discounts.

How: Consolidate AP activity data across the enterprise to identify opportunities to negotiate better deals and favorable discounts.

Improve productivity

Improve productivity

Benefit: Rapid reconciliations leading to a faster month end close.

How: Match invoices and payments on a single inquiry screen and reconcile back to the General Ledger.

On demand payables aging

On demand payables aging

Benefit: Live aging of payments with 'Days Payables Outstanding' reporting.

How: Aging categories group vendor invoices in real-time in a manner that’s not possible in EBS.

Monitor organizational effectiveness

Monitor organizational effectiveness

Benefit: Easily monitor vendor Key Performance Indicators.

How: Profile measures such as: volume of invoices and payments processed by day per user, total number of runs and voids, percentage of invoices paid with discounts.

All of this can be done in real-time, so the right people get the right information right when they need it.