Self service expense reports are created by employees and
approved by the managers . Expense reports are automatically
converted into invoices upon approval.
Foundry Bean Accounts payable solution enables organization
to automatically review, approve invoices and pay employee expenses
and vendors. It maintains vendor information and track all employee
expenses. Vendor invoices and employee expense reports are created
to record all expenses in the organization. All payments are
recorded correctly giving you complete picture of procure to pay
process.
Full visibility of vendors
Vendor detail information including addresses , banking
information,purchase orders, terms and contracts are captured . All
open invoices , purchase orders and payments are automatically
captured so that you have a 360 degree view of the entire life
cycle of vendor engagement.
Vendor Invoice Processing
Vendor invoices are entered into system using manually
created invoices or matching with purchase order or receiving
transaction. 2 way , 3 way or 4 way matching process avoid
overpayments and errors.
Self service expense reports are created by employees and
approved by the managers . Expense reports are automatically
converted into invoices upon approval. Automatic receipt capture
using AI. Capture expense date, amount and expense type from paper
receipt and automatically create expense report. No need to
manually enter information in the expense report.
Store receipts and documents in cloud
Unlimited paperless receipt, report, file storage in the
cloud. No need to keep paper documents in your office.
Payment proposals are created from scheduled payment lines
in vendor invoices. Once the payment proposal is approved , a
payment batch is created automatically containing individual
payments for each vendor. All the detail record of payment
document, date ,amount paid for each invoices are captured.
Take action using detail and summary aging ,invoice status
, invoices and aging insight, invoice and payment trends, payables
analysis, drill down to detail records.
Vendor Management
