Objective
To provide timely, accurate and efficient control of processing
invoices paying of bills and analyzing expenses and available discounts to improve
cash flow, while maintaining close relationships with suppliers.
The Value of SYSPRO Product Configurator
- Easy, accurate forecasting of current
and future
cash requirements
- Utilizes the invoice registration system to ensure invoices
have been authorized for payment
- Complete purchase analysis of vendors
- Uses the Goods Received Note system to track A/P accrual
and control price variances
- Provides automation of payment processing
- Takes advantage of discounts
- Streamlines data processing by approving vendor invoices
electronically
- Supports recurring entries
- Allows for manual and void check processing
- Preview of reports to screen, fax and e-mail capabilities
Matching SYSPRO to Your Business
- Processes in multiple currencies (EMU compliant)
- Links vendors to default general ledger codes
- Maintains permanent or temporary vendors
- Manages multiple branches
- Supports full TAX/VAT/GST where required
- Invoices may be distributed over multiple general ledger accounts
- Recurring monthly entries for leases and rentals
- Automatic calculation of the due date and discount date with payment alerts
and suggestions
- Records invoices for approval prior to liability
- Releases payments from multiple local and foreign currency banks
- Automatic or user selection of invoices for payment
- Provides the ability to place an invoice on hold and restrict payment
- Maintains history of receipts and invoices
- Customizable det of data entry fields that may be viewed in the query
- User defined check, remittance and label formats
Audit Trails and Reporting
- Checks the gross profit of the configured
items to ensure profit remains within acceptable limits
-
Tests the configurations to verify that
all the available options are dealt with accurately
-
Defines invalid selections to verify
that each configuration complies with technical requirements
-
Checks the availability dates for resale
products
Integration
-
Integrates with the Inventory Control,
Sales Orders & Invoicing, Quotations & Estimating and the Work in
Progress modules
-
Links to the Work in Progress module,
providing the ability to create work orders and jobs off the configuration
-
Product Configurator requires the Inventory
Control module