Reference: Accounts Payable Capabilities

You can view high-level feature descriptions for the capabilities in this product area.

Accounting Adjustments

Supports adjustment of transaction lines to reclassify costs on:

Procurement cards.

Supplier invoices.

Supplier invoice adjustments.

Provides the ability to create and manage goods and services that can be requested, ordered, invoiced, received, and stocked.

Provides the ability to control and verify procurement processing and related allocated spend.

Provides the ability to:

Create and manage supplier contracts and banking records.

Define contract renewal terms and send notifications before contracts expire.

Establish and record payment terms.

Restrict supplier selection on transactions.

Supports invoice scanning and recording.

Provides the ability to:

Create, adjust, and enter data for supplier invoices and remittances.

Determine variances between invoices and related documents.

Link supplier invoice lines with associated purchase order lines.

Perform touchless processing for PO-related invoices.

Set up account invoicing.

Support invoice spend category recommendations.

Validate VAT numbers.

Provides the ability to:

Generate multiple invoices based on supplier invoice contract schedules.

Record accrual for goods and services received but not yet invoiced by suppliers.

Provides the ability to view suppliers, supplier invoices, and transactions.

Provides the ability to assign supplier currency lists.

Supports supplier registrations.