Accounts payable involves more than entering vendor bills and issuing payments. Finance teams must verify invoice details, route documents for approval, track due dates and protect the company’s cash position. When these steps depend on spreadsheets, paper documents or disconnected systems, employees spend more time chasing information and correcting errors.
Acumatica Cloud ERP brings accounts payable activity into the same platform used for purchasing, inventory and financial reporting. This gives accounting teams a connected way to manage vendor obligations while maintaining better visibility into outgoing cash.
Watch the video to explore the accounts payable capabilities available in Acumatica Cloud ERP.
Acumatica allows employees to create and manage vendor bills while keeping supporting information attached to the appropriate transaction. Bills can be entered directly or created from related purchasing documents, reducing the need to reenter information already stored in the system.
Accounts payable teams can manage:
Connecting vendor bills with purchase receipts and other records makes it easier to review the transaction and understand what created the obligation.
Approval workflows can route bills to the appropriate employees before payment. This helps businesses create a consistent review process based on factors such as the vendor, transaction amount or department.
Once bills are approved, accounting teams can select invoices for payment based on due dates, discounts and available cash. Acumatica can help employees prepare payments while maintaining a record of the bills included in each payment batch.
Role-based access and audit trails also help businesses control who can enter, approve and pay vendor obligations.
Acumatica tracks outstanding invoices, payment dates and cash requirements within one connected system. Finance teams can review aging information and upcoming obligations before deciding when payments should be released.
Because accounts payable activity connects with the general ledger and cash management, leaders gain a clearer view of how vendor payments affect the company’s broader financial position.
Watch the video above to see Acumatica Accounts Payable in action, then talk with 3Value about creating a more efficient and controlled vendor payment process.