Accounts Payable

You face several challenges today in searching for ways to reduce costs and better manage cash. You need to know the best time to pay an invoice, given vendor terms and your current cash position.

iAdapt Accounts Payable provides easy access to the information you need to plan, control, and manage your cash flow. Defaulting capabilities allow you to streamline data-entry procedures while still maintaining strict controls over payment priorities, limits, and schedules. Invoices can be matched to purchase orders and inventory receipts for better control.

The technology and relational databases provide you with the ability to process large volumes of transactions quickly and accurately. Effective controls assure timely and accurate data entry and superior error detection.

iAdapt software's use of global default settings, coupled with account-specific defaults within individual vendor records - covering such things as term codes, tax codes, discounts, and general ledger accounts, ensures that most errors are identified immediately. This commitment to accuracy is further demonstrated through automatic entry validation and mandatory edit and input review modes. For example, if an undefined date is entered, the user is alerted immediately and cannot continue until a valid date has been input.

From individual transactions to batch runs, iAdapt's extensive report capabilities provide a strong audit trail. The system also maintains unique numerical sequences for all invoice and cash disbursements.