Payables Lockbox was designed for the business customer. With the Payable Lockbox
service, a streamlined and organized solution addresses the typical accounts payable
problems. This translates to a reduced bottom line for businesses.
Payables Lockbox automates your invoice approval process and routes invoices to
the required approvers based on the workflow you set up.
- Vary the invoice approval process by business unit.
- Able to set up one or more approvals at each invoice approval step.
- Control the permissions for a user at each step.
- Provides daily email alerts to users requiring approval to help move the process along.
- Decrease invoice approval time by eliminating desk float.
- Able to access Payables Lockbox anywhere with internet access.
The Invoice Details screen is the primary page for a user to approve, reject, and
possibly modify details for the invoice.
Some of the features of this page are:
- Minimize data entry since most of the basic invoice data entry is done by us.
- Can give certain users access to modify invoice information.
- Split an invoice across multiple expense codes.
- Copy an invoice across multiple business units.
- Able to include internal notes and notes to go on check stub.
- Set payments to go out on final approval or for a future date.
- Duplicate invoice checking prevents overpayment.
- Easily view previous invoice history for a vendor.