Accounts Payable/Purchase Orders

FundWare Accounts Payable/Purchase Orders is a robust payable management tool that processes vendor payments and helps to control spending before a purchase is authorized. Using our exclusive workflow concept, users can set up individual payable stages that represent different processes in an obligation’s life cycle.

You can:

• Achieve online budget control with three levels of user-defined thresholds (1-message, 2-warning, and 3-full lock out) while entering requisitions, purchase orders, and invoices.
• Process backorders and voids easily, with all correcting entries made automatically in FundWare General Ledger and Accounts Payable.
• Gain immediate access to vendor detail and full audit trail of obligation flow, from requisition to check reconciliation, including dates and user ID information.
• Generate automatic interfund transactions when expenses are coded to multiple funds.
• Allow users to enter requests and purchase orders, with online budget control and multiple levels of approval provided.
• Calculate discounts automatically.
• Add vendors on the fly.
• Utilize multiple checking accounts.