Accounts Payable Management
SVI provides a comprehensive Accounts Payable Management Solution to address and support your requirements so you can focus on your core competencies and optimize your revenue generating efforts.
SVI can validate and reconcile your data against the source documents. Each transaction is validated to match the original proof of transaction to enable error detection and safeguard transactions from fraud. Careless duplicate payments are prevented. Approved and authorized service providers and vendors are accurately identified. Our service offers you transparency of transactions and the ability to monitor your company’s liabilities.
Accounts Payable Reconciliation tracks and verifies information from your company’s documents against vendors’ documents. It tracks disbursement transactions through any combination of requisition documents, quotations, purchase orders and contracts, supplier invoices, checks and official receipts. Furthermore, reconciliation reports are generated and automatically sent to clients for further analysis and verification.
Accounts Payable Reports include:
- Payments for Approval
- Approved Payments
- Exceptions Reports
Every SVI-generated report provides you with a link to pertinent source documents and a highlight to specific transactions. Additionally, SVI can customize reports depending on your company’s requirements.