Accounts Payable

PRO Financial Accounts Payable (AP)

PRO Financial AP is a rules-driven system that lets you establish rules for cash management, and vendor management-supporting one-time and recurring vendors, as well as rapid set-up for new vendors. Front-end, user-defined rules can distribute invoice amounts over multiple companies and multiple accounts within companies. Rapid invoice windows and skeleton invoices save time with user-defined invoice types that recall pre-defined account distributions, as well as inter- and intra-company allocations. Recurring invoices can be set up for automatic release, and payments can be automated for wire transfers, bank drafts, or EFT.

• User defined rules govern cash & vendor management
• Automatic calculation of payment dates and discounts
• Supports checks, bank drafts, and EFTs
• Invoices can be reviewed and approved online
• Account distributions coded automatically with pre-defined rules
• Easy access to payment detail
• Accumulates 1099 data

PTE Financial AP

Insurers use the PTE Financial Accounts Payable system to generate claim checks, premium refunds, and agent commissions, as well as traditional vendor payments. It can be integrated with most premium/claims systems to facilitate the speed and accuracy of data transfer. When manual AP data entry is required, your efficiency is enhanced through automated recurring entries, rapid data entry mode, vendor defaults, and online vendor history.

• Tracks due dates, discounts and late charges
• Produces checks and EFTs
• Tracks 1099 data
• Reconciles checks and EFTs
• Provides valuable audit control and reporting
• Calculates use tax automatically
• Tracks vendors
• Reports aging of payables