PRODUCTS: Accounts PAYABLE

CHAMPS-Accounts Payable (AP) provides comprehensive information for effective cash management. The system provides flexible payment processing and disbursement details allowing the organization to successfully control vendor relationships, while managing cash flow and controlling expenses. One process manufacturing company using CHAMPS-Accounts Payable (AP) was able to realize a 100% ROI. This was accomplished because of the speed of the Accounts Payable processing due to using CHAMPS-Accounts Payable (AP), and realizing the discounts associated with payment terms.

The CHAMPS-Accounts Payable component supports complete vendor payment history and invoice analysis with user defined aging ranges. The system also supports unlimited alternate addresses, 1099 processing, sales and use tax calculations, on-line approval of vendors and invoices and multiple payment options including checks, wire transfers and electronic fund transfer. Important features of the CHAMPS-Accounts Payable component include:

• Unlimited vendor addresses
• Vendor default account numbers
• 1099 and backup withholding
• Full multi-currency support
• Pre-defined vendor invoicing information
• Recurring invoices, weekly, bi-monthly, quarterly
• Unlimited bank account creation
• Vendor and invoice hold processing
• On-line drill down analysis
• Sales and use tax calculations
• Automatic creation of distributions
• Bank reconciliation
• Automatic duplicate invoice checking
• Standard reports including cash flow requirements, voucher and payment GL distribution, check registers, vendor listings, voucher, sales / use tax accruals, vendors, etc.