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By: Peter Poletti

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Processing of Payments Functions & Features

Main modules below cover Queries online accounts' voucher histories and analyses of payment histories, late payments, and cash discounts;All transactions pertaining to a particular vendor are assigned to a user-specified account;Users can specify complex payment discounts for a payment period by using term codes, such as "step down";Cancels or suspends standard vendor terms;Assigns dates and standard number of days to credit or discount terms;Automatically calculates discounts based on vouchers and terms of credit;.. Processing of Payments Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Processing of Payments Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

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The Processing of Payments Functions & Features comprise the following elements:

  • Queries online accounts' voucher histories and analyses of payment histories, late payments, and cash discounts

    Queries online accounts' voucher histories and analyses of payment histories, late payments, and cash discounts, Processing of Payments Functions & Features

  • All transactions pertaining to a particular vendor are assigned to a user-specified account

    All transactions pertaining to a particular vendor are assigned to a user-specified account, Processing of Payments Functions & Features

  • Users can specify complex payment discounts for a payment period by using term codes, such as "step down"

    Rather than specify a single payment discount (2%10days), users can specify a complex payment discount that is dependent on how long it takes the users to pay. Users can specify complex payment discounts for a payment period by using term codes, such as "step down", Processing of Payments Functions & Features

  • Cancels or suspends standard vendor terms

    Cancels or suspends standard vendor terms, Processing of Payments Functions & Features

  • Assigns dates and standard number of days to credit or discount terms

    Assigns dates and standard number of days to credit or discount terms, Processing of Payments Functions & Features

  • Automatically calculates discounts based on vouchers and terms of credit

    Automatically calculates discounts based on vouchers and terms of credit, Processing of Payments Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

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Functions and Features