Exchange Home > Accounts Payable
FEBRUARY 2008
Monitor and Control Cash Flow with Elite® 3E Accounts Payable
In order to profitably run their operations, legal and professional services firms need a solid financial management foundation. The creation of efficient and standardized accounts payable processes is a fundamental milestone leading to increased profits and a stronger cash position.
Elite
3E Accounts Payable is an intuitive Web-based solution that enables
firms to effectively monitor and control cash outlays. With Accounts
Payable, firms can process vendor invoices, create vouchers, schedule
payments, print checks, reconcile bank accounts and monitor ongoing
performance. With greater visibility into—and control over—accounts
payable processes, firm management can initiate strategic and
operational improvements.
Accounts Payable is an integrated component of the 3E Business Optimization Suite, a powerful business process platform designed specifically for legal and professional services firms. 3E provides core financial management and practice management features along with built-in application development capabilities that help transform your firm's unique business processes to achieve strategic advantage.
Adaptable and Scalable Solution
Accounts Payable provides the flexibility and scalability needed for complex, high volume transaction environments. Featuring full support for multiple languages, currencies, date formats, tax structures, and the ability to post transactions to local books for statutory reporting, Accounts Payable effectively manages the operations of multi-national firms as well as national firms spread out over multiple offices and practice groups.
Embedded Workflow and Collaboration
Embedded workflow allows firms to automate and standardize accounts payable procedures. Built-in collaboration on every screen enables users to consult with colleagues to locate missing or incomplete information. With these capabilities, firms can improve efficiency and achieve a higher degree of consistency in how the business is managed.
Accounts Payable Key Features
In order to profitably run their operations, legal and professional services firms need a solid financial management foundation. The creation of efficient and standardized accounts payable processes is a fundamental milestone leading to increased profits and a stronger cash position.
Elite
3E Accounts Payable is an intuitive Web-based solution that enables
firms to effectively monitor and control cash outlays. With Accounts
Payable, firms can process vendor invoices, create vouchers, schedule
payments, print checks, reconcile bank accounts and monitor ongoing
performance. With greater visibility into—and control over—accounts
payable processes, firm management can initiate strategic and
operational improvements.
Accounts Payable is an integrated component of the 3E Business Optimization Suite, a powerful business process platform designed specifically for legal and professional services firms. 3E provides core financial management and practice management features along with built-in application development capabilities that help transform your firm's unique business processes to achieve strategic advantage.
Adaptable and Scalable Solution
Accounts Payable provides the flexibility and scalability needed for complex, high volume transaction environments. Featuring full support for multiple languages, currencies, date formats, tax structures, and the ability to post transactions to local books for statutory reporting, Accounts Payable effectively manages the operations of multi-national firms as well as national firms spread out over multiple offices and practice groups.
Embedded Workflow and Collaboration
Embedded workflow allows firms to automate and standardize accounts payable procedures. Built-in collaboration on every screen enables users to consult with colleagues to locate missing or incomplete information. With these capabilities, firms can improve efficiency and achieve a higher degree of consistency in how the business is managed.
Accounts Payable Key Features
- Manage vendor and payee relationships: When setting up master files, firms can categorize and group vendors and payees for reporting purposes, define the types of transactions that can be performed, and specify payment terms.
- Process vendor payments: Automatically calculate taxes, discounts, and currency conversions based upon defined settings. Firms can take full advantage of discounts and pay suppliers according to agreed upon terms.
- Powerful inquiry, reporting and metrics: Deliver multi-dimensional Accounts Payable information that users can drag-and-drop in order to hone in on key areas of interest. Firms can also produce customized HTML reports that provide drill-down into supporting detail.
