Accounts Payable
With Accounts Payable, you manage your open payable invoices that are automatically created from purchasing processes.
You manage and control open items with various analytical tools. You plan future payables and analyze the outcome of payments, such as utilization of cash discounts and days payables outstanding.
Process your outstanding payables automatically and monitor payment progress. Optionally, you can also include a two-step approval for all outgoing payments.
Connect to SAP Multi-Bank Connectivity (MBC) to simplify the connectivity to the banks for payments and bank statements. Alternatively, you can also download generated payment files.
For countries/regions where this is relevant, you can also print checks.
Key Process Steps Covered
- Manage and complete supplier master data
- Create invoice from logistics
- Analyze outstanding payables
- Pay invoice
- Approve payments (optional)
- Forward payments to banks via SAP Multi-Bank Connectivity (MBC) or download payment file
- Analyze efficiency of payment processing
Benefits
- Integrate accounts payable into procurement
- Record accounts payable posting directly in the general ledger
- Payment program can automatically create instructions for bank transfers
- Payment approval can be used for workflow
- Use simple and secure connectivity for transacting with multiple financial institutes or download the payment instruction file for further manual processing
- Analyze the efficiency of your payment processing