Accounts Payable

Streamline the invoice to pay process

FinancialForce accounts payable leverages the full power of the FinancialForce accounting engine and the Salesforce CRM platform to deliver efficient payment processes, appropriate accounting controls, real time cash management and advanced vendor relationship management.  

As part of the FinancialForce single ledger, accounts payable transactions are reflected in real time across the application. Invoices, credit notes, and payments are all reflected immediately in your books and instantly available for analysis. Real time postings are particularly powerful if cash planning and cash conservation is an issue for your company.

Efficient invoicing and payment processing

The application is also designed to help reduce keying, data entry errors and unnecessary expense reclassifications. In fact, the system allows you to eliminate data entry and paper altogether by using your choice of electronic invoicing formats.

Accounts payable utilizes the major components of the FinancialForce accounting engine which includes advanced functionality for global tax handling, multicurrency, multicompany and financial analysis. This includes tracking invoice, supplier and account currencies, all simultaneously. And because the FinancialForce vendor record is an extension of a Salesforce CRM account object, Chatter is available to track conversations with line management, deal with disputes and manage relationships with your vendors.

Finally, accounts payable has full access to the most flexible chart of accounts available in the industry -  including project tracking, employee expenses, reimbursable expenses, fixed assets purchases etc.

Highlights

• Reduce keystrokes with document templates and electronic invoicing
• Set vendor credit limits and credit terms by vendor account
• Pay vendors by check or electronically
• Automatically calculate due dates and settlement discounts based on vendor terms
• Prevent payment of duplicate invoices
• Define your own check print formats
Read more about Accounts Payable