Payments Portfolio Management
Consolidation of distributed payables information into a
single system leads to increased operational efficiencies,
more effective Shared Services organizations, and heightened
awareness of cash flow risks. Emagia's Payments Portfolio
Management module delivers robust cash outflow forecasting, real-time insight into cash disbursements and
leads to better float management. This is coupled with
business intelligence on payables processes and guidance
with respect to making optimal payment decisions.
Furthermore, this module supports netting requirements
for complex vendor/customer relationships, thereby
improving cash flow across global operations.
Disbursement Management
This module allows you to better manage float without
jeopardizing your supplier relationships. With intelligent,
strategy based payment scheduling, cash disbursements
can be timed to accommodate your cash flow goals as
well as your approach to managing individual suppliers. In this manner, payments initiated to suppliers are aligned
with overall corporate objectives. As business conditions
and relationships with suppliers change, payment strategies
can be easily modified to provide optimal disbursement
timings, thereby minimizing unnecessary cash consumption.
Invoice Reconciliation
Automation of rote and repetitive payables tasks are readily available to you with this module. Emagia's Invoice Reconciliation module offers a far more efficient alternative
to the labor intensive and error-prone manual reconciliation
of invoices, purchase orders and receiving documents. Emagia's solution automatically detects discrepancies between transaction documents and enables faster
processing of invoices, expanding your available window of time to make payment decisions.
Dispute Management
The Dispute Management module provides a collaborative approach to managing disputes with vendors. A configurable rules-based workflow engine can automatically create disputes and guide them through your resolution process,
connecting internal departments such as purchasing, A/P
and receiving as well as your suppliers. Exceptions such as invoicing issues, returns, debit memos from suppliers
and chargebacks are easily managed and driven to quicker resolution. In addition, increased visibility into dispute
reasons and trends provides a basis for more effective supplier negotiations and cash flow process improvements.
Providing vital information to trading partners around-the-clock
and in a cost effective manner enhances supplier relationships.
Supplier Collaboration
Emagia's Supplier Collaboration module facilitates tighter relationships with suppliers by providing access to online invoice presentment, payment schedules, dispute information
and receipts. Sharing a common view of payables
transactions fosters fact-based dialogue between trading
partners and leads to quicker dispute resolution and
strengthened supplier relationships. Based on approval,
secure online payments can then automatically be made with minimal processing costs.
Automated Payment Processing
The final step in precisely controlling cash outflows is to
initiate payment at the right time and in the most cost effective
manner. With the Emagia Automated Payment Processing
module, you can take advantage of secure integration with
your existing payables systems and leverage electronic funds
transfer methods with your banking partners. Full support is available for EDI, ACH and Credit Card based payments. The Automated Payment Processing module allows the
timely settlement of commercial transactions at a very low
processing cost.
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