Agvance Accounting > Accounts Payable

Streamline the Procurement Process

Agvance streamlines the procurement process by using integration to capture key information during each step. This important benefit provides a powerful double check of vendor pricing. It also transfers cost management to the purchasing agent and requires less tracking and research for the accounts payable clerk.

• Powerful tracking tools to monitor vendor activity from purchase order to vendor payment
• Unpaid bills can be managed by discount or due dates
• Recurring bills can be set to automatically create repetitive AP billing
• Purchase order tracking aids in managing inventory stock as well as tracking costs through the entire procurement process
• Vendor prepay management is integrated within the purchasing process, making detailed reconciliation available
• Freight bills can be reconciled through a function that allows adjustment to posting and AP bill entry in one step
• Paying bills is an automated process with several options for payment:
• Printed laser checks
• ACH payments – files can be uploaded to your bank
• Automatic withdrawal
• Memo checks to clear intercompany settlements, vendor credits and other charges
• Positive Pay is available to add more security against check fraud
• Vendor quote tool enables you to quickly compare vendor pricing
• Optional KwikTag document imaging interface allows users to quickly tag and scan vendor invoices so they can be digitally filed and retrieved