The Accounts Payable accounting management software can be used in centralized or decentralized operations. The system handles chargeable material supply items, vouchering, and the direct allocation of supplier charges to work orders. An invoice approval process allows you to approve invoices either by batch or on an individual basis. Disbursements can be made via electronic funds transfer or check.
To optimize the effects of cash disbursements on profitability, the Accounts Payable accounting management software system provides a payment-scheduling capability to ensure that you take full advantage of all supplier discounts. Visibility of invoice disbursements is achieved through integration with the requisition and purchase order approval capabilities.
Invoice entries in the Accounts Payable ERP software module are matched with purchase order receiving to facilitate the update of purchasing, inventory, and work-in process records. Vouchering of purchase order receipts supports the calculation of purchase price variances and allows pay-on-receipt processing for Just-In-Time (JIT) vendors. Vouchering to GLOVIA G2 Material Supply records allows for matching to Accounts Receivable “contra” records. Optional 4-way matching integrates with the material inspection process.
Online invoice processing facilitates the full distribution of costs for material and services to multiple general ledger accounts. The GLOVIA G2 manufacturing ERP system is fully integrated to support direct charge posting to work-in-progress accounts through either GLOVIA G2 Project Management or Work Orders. Automatic amount balancing during invoice entry ensures complete and accurate ledger updating.
A systematic process is provided for the check creation, printing and reconciliation cycle. An onscreen function helps you select and consolidate the invoices you wish to pay, then set up and print the checks. Alternatively, payments can be processed using electronic funds transfer. A check reconciliation capability ensures that bank cash accounts are correct.
Audit reports and comprehensive supplier and invoice inquiry capabilities provide the tools for achieving visibility and financial control. The system also calculates cash requirements based on supplier or invoice terms for your periodic review.
Within the Accounts Payable accounting management software module, you can manage information on local and international suppliers, with multiple locations, controlling payment terms, discounting, account posting and receipt vouchering. Provisions for handling foreign currencies and value-added taxation are also provided. Supplier histories allow for price, quality of material and delivery performance measurement.
Other features of GLOVIA G2’s Accounts Payable manufacturing ERP software module:
Contact FUJITSU GLOVIA to learn more about implementing our GLOVIA G2’s Accounts Payable ERP software module at your manufacturing company.
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