Purchase Payment module

Purchase Payment module – is the payment process itself. The physical movement of money takes place in this module. Upon receiving an approved invoice from customer, the finance team processes payments into the system according to the contract terms. Any contract changes or reviews of liquidated financial security is being taken into account.

Payment can be made in full or in part in the Purchase Payment module. Settlements directly from the bank, cash settlements are made through the Purchase Payment module. And, of course, at any payment, the accounting postings automatically go to the Finance department. This, in turn, speeds up and simplifies the entire purchasing process.

When the link between payments and budget isn't tracked, cash flow becomes invisible. The Purchase Payment module ties every payment to contract terms and budget, removing that blind spot.