Organize your payments and keep a clear view of your commitments.
With Source-to-Pay, centralize the tracking of supplier payments, prepare payments from validated invoices, and track the amounts still due. Purchasing, finance, and accounting teams share consistent information, from invoice to payment.
Find the invoices to be paid with their due dates, the amounts owed and the associated payment terms. Identify upcoming due dates and delays to organize your priorities.
Select the invoices eligible for payment and gather the information needed to process them: payee, amount, due date, payment method and supporting documents.
Keep the link with approvals and any blocks to make pre-payment checks easier.
Organize the approval workflow for payment proposals based on the amounts, entities and responsibilities defined in your organization. Each participant has the invoices and supporting documents needed to approve, reject or request additional information.
Split a single payment across several invoices from one supplier, or record several payments against a single invoice. Allocation tracking lets you distinguish amounts paid, partial payments and remaining balances without losing the detail of each transaction.
Centralize the advances and deposits paid to suppliers, then track their allocation to the relevant invoices.
Take credit notes and adjustments into account to keep a clear view of the initial amount, deductions and balance due.
Show the invoice amount, applicable withholdings and the net amount payable to the supplier separately. Depending on your configuration and the rules approved by your accounting team, track tax withholdings, retainage and the related supporting documents.
Record the references of payments made: date, amount, payment method, bank reference or check number.
Attach supporting documents and reconcile payments with bank transactions, depending on the interfaces in place, to identify discrepancies and transactions still to be confirmed.
Quickly find the information needed to answer supplier requests: invoices concerned, amounts paid, payment date and reference.
Depending on the access rights and notifications configured, share payment status or remittance advices from the supplier portal.
Our experts walk you through the module on your own use cases.
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