Accounts Payable Infor Distribution Facts Datasheet V1
2
Infor Distribution FACTS Accounts Payable Automate the accounts payable process for efficiency By seamlessly automating the entire accounts payable process, Infor Distribution FACTS provides significant savings, improved transaction visibility and greater financial control. These efficiencies and savings are simply not possible with in-house, paper-based procedures or other accounts payable services. Accounts Payable provides distributors with efficient management tools for their trade and nontrade payables as well as effective vendor management solutions. Accounts Payable allows distributors to streamline and organize payment processes which directly results in a positive impact to cash flow. Document creation Accounts Payable included functionality that allows you to easily and efficiently create a variety of documents. • Trade payables are automatically created by the PO programs and posted to AP, non-trade payables can be quickly entered and expensed through Document Entry • Default terms code assigned to each vendor automatically calculates discount amounts and dates • Create recurring documents for regular bills, even if they aren’t the same amount every month • Use vendor-specific GL Tables to rapidly assign which expense accounts are normally assigned to the vendor • Assign each expense line to the optional job Increase productivity Accounts Payable allows you to improve the overall efficiency and accuracy of your payables processes resulting in significant savings, improved productivity and greater financial control. Vendor Notes • Easily conveys vital information to employees • Unlimited Vendor Notes can be created in multiple categories, such as payment notes or general notes • Urgent notes pop up in critical programs where communicating vital information is essential Check Writing • Make the repetitive, manual task of cutting checks quick and efficient • Use the flexible payment selection program to determine which checks to print while maximizing discounts • Print non-invoice and manual checks • Void checks quickly
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Accounts Payable Infor Distribution Facts Datasheet V1
Transcript of Accounts Payable Infor Distribution Facts Datasheet V1
About Infor. Infor is the world's third-largest supplier of enterprise applications and services, helping more than 70,000 large and mid-size companies
improve operations and drive growth across numerous industry sectors. To learn more about Infor, please visit www.infor.com.
Copyright© 2013 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries. All other
trademarks listed herein are the property of their respective owners. This document is provided for informational purposes only and does not constitute a commitment to you in any way. The
information, products and services described herein are subject to change at any time without notice. www.infor.com.
Accounts Payable_Infor Distribution FACTS_V1_1-7-13
641 Avenue of the Americas New York, NY 10011 800-260-2640 infor.com
Infor Distribution FACTS Accounts Payable
Automate the accounts
payable process for efficiency By seamlessly automating the entire accounts payable
process, Infor Distribution FACTS provides significant
savings, improved transaction visibility and greater
financial control. These efficiencies and savings are
simply not possible with in-house, paper-based
procedures or other accounts payable services.
Accounts Payable provides distributors with efficient
management tools for their trade and nontrade
payables as well as effective vendor management
solutions. Accounts Payable allows distributors to
streamline and organize payment processes which
directly results in a positive impact to cash flow.
Document creation Accounts Payable included functionality that allows you
to easily and efficiently create a variety of documents.
• Trade payables are automatically created by the
PO programs and posted to AP, non-trade
payables can be quickly entered and expensed
through Document Entry
• Default terms code assigned to each vendor
automatically calculates discount amounts and
dates
• Create recurring documents for regular bills, even
if they aren’t the same amount every month
• Use vendor-specific GL Tables to rapidly assign
which expense accounts are normally assigned to
the vendor
• Assign each expense line to the optional job
Increase productivity Accounts Payable allows you to improve the overall
efficiency and accuracy of your payables processes
resulting in significant savings, improved productivity and
greater financial control.
Vendor Notes
• Easily conveys vital information to employees
• Unlimited Vendor Notes can be created in multiple
categories, such as payment notes or general notes
• Urgent notes pop up in critical programs where
communicating vital information is essential
Check Writing
• Make the repetitive, manual task of cutting checks
quick and efficient
• Use the flexible payment selection program to
determine which checks to print while maximizing
discounts
• Print non-invoice and manual checks
• Void checks quickly
About Infor. Infor is the world's third-largest supplier of enterprise applications and services, helping more than 70,000 large and mid-size companies
improve operations and drive growth across numerous industry sectors. To learn more about Infor, please visit www.infor.com.
Copyright© 2013 Infor. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of Infor and/or related affiliates and subsidiaries. All other
trademarks listed herein are the property of their respective owners. This document is provided for informational purposes only and does not constitute a commitment to you in any way. The
information, products and services described herein are subject to change at any time without notice. www.infor.com.
Accounts Payable_Infor Distribution FACTS_V1_1-7-13
641 Avenue of the Americas New York, NY 10011 800-260-2640 infor.com
Additional functionality Electronic Funds Transfer (EFT) allows you to
streamline the payment process using NACHA
standard ACH payments. This feature eliminates the
handling and processing costs associated with paper
checks allowing you to submit and approve EFT
payments.
Vendor Inquiry provides rapid access to vendor activity
and payment information.
• Open and paid invoices
• Detailed check history
• Year-by-year 1099 reporting figures
• Ledgercards
• Order
Key reports Accounts Payable provides reports including:
• Open payables report
• Aged payables report
• Cash requirements report
• Purchase history report
