Accounts Payable

The CPA solution has a fully integrated Accounts Payable (A/P) module.

The module is preconfigured, but you can make relevant changes to this configuration during the implementation to set up correct payment terms, vendor groups, currencies, and so on.

In the A/P module, the Finance Department can handle the following processes:

• Set up template vendors to be used when creating vendors.
• Handle requisitions and purchase orders.
• Set up approval hierarchies for vendor invoices, to comply with company purchase policies.
• Register and post vendor invoices, including preregistered invoices (if you do not know who is responsible for the purchase, but posted the vendor invoice anyway).
• Reallocate vendor invoices.
• Reconcile vendor invoices against manual payments.
• Look up vendor entries.