GCE Federal Financial Management Solution is a great fit for many businesses.Â Find out if it's the right choice for you!Â Are you looking for a GCE Federal Financial Management Solution demo, technical support, product or pricing information or to simply to compare GCE Federal Financial Management Solution with competitive options? Quickly get answers and the information you need.
Accounts Payable offers a comprehensive workflow for invoice processing to execute the seamless processing, tracking, and payment of bills.
Convenient invoice receipt methods, including scanning, email, and fax, maximize workforce productivity by reducing the cost and burden of handling paper. A graphical workflow allows payables managers to easily track and process invoices for payment across the organization. Upon entry in accounts payable, optical character recognition (OCR) tools scan the invoice and automatically populate the information into the required fields, transitioning your resources from data entry to verification.
A centralized visual workflow gives managers insight and control over the entire invoice lifecycle. Not only can you track invoices across your organization, but you can take action to prioritize, escalate, or reroute for timely processing. Built-in executive dashboards provide real transparency in managing cash, compliance, and productivity. Quickly and easily match invoices to purchase orders and receipts, and dramatically reduce operating costs, cycle times, and duplicate and improper payments.
The Procure-to-Pay function automates Federal financial processes to ensure consistent, efficient, cost-effective, and timely processing of payments. Management tools offer end-to-end process transparency by making information available in real-time. Pre-configured best-practice workflows enable automatic routing of invoices between the various stakeholders, resulting in reduced operating costs and cycle times. Invoice scanning and electronic imaging eliminates the manual exchange of invoice packages. All approved invoices are warehoused for payment, and transmitted daily to the U.S. Treasury. Payment confirmations are recorded daily. Returned payments are voided and regenerated after correction. The payment inquiry report provides real-time payments status. Interest penalties are measured daily against the Federal Interagency Database Online (FIDO).
The system provides Oracle Project Accounting v.R12, a robust project management and accounting tool for tracking and managing reimbursable services. The module tracks costs, both direct and indirect, and integrates with the Accounts Receivable module to generate invoices. Oracle Accounts Receivable v. R12 is also used to manage the reimbursable customer and the billing of reimbursable costs.
"Federal Accounts Payable" is part of the GCE Federal Financial Management Solution line of products, developed by GCE.