Accounts Payable System

CorpEssence Accounts Payable System is a comprehensive solution for managing payment to vendors and streamlining your entire cash flow process.  This system allows you to manage your payables anywhere and everywhere around the globe. The product has been knit together to provide a close-fit relationship between Inventory and Purchase Order processes for real time tracking of payment across inventory received.

CorpEssence Accounts Payable makes it easy for your personnel to create and manage purchase orders, initiate partial receipts and partial payments to vendors. This system contains tools that enable your personnel to obtain complete and customizable reporting on vendor records, and real-time access to outstanding bills and invoices. This implies tighter control over payment initiated for goods received across your enterprise.

Functional overview:

1. Manage employee expense reporting
2. Auto-generate payment vouchers from Purchase Orders
3. Functionality to void and close payments
4. Manage Debit Memos
5. Process payments and print checks
6. Apply Debit Memos to payments

Module integrates with the following functions:

• Purchasing Module
• Inventory Management System
• General Ledger System

Ready to use Reports – Accounts Payable

• Purchase Contract Ledger History
• Payment Summary Report
• Payment Details Report
• Expense Report Items