Prologue Financials Accounts Payable
The foundation of effective enterprise performance management is sound business intelligence – intelligence that requires accurate, trustworthy accounting data and analysis. When it comes to their accounts payable processing, financial institutions need integrated, automated tools that can take advantage of this intelligence to fuel efficiency and control.
Prologue™ Financials Accounts Payable from Fiserv automates vendor invoice processing and check-writing functions while providing complete accounting control and management information. With Prologue Financials Accounts Payable, you can post accounts payable transactions seamlessly and in real time, making your month- and year-end closing processes faster and more efficient.
And by adding Prologue Financials Accounts Payable workflow, you can gain quick and convenient invoice review and approval from laptops, tablets or mobile devices.
Streamline Your Accounts Payable Process
No More Paper-Based Errors
Reduce the chance of duplicate payments, missing documents or data entry mishaps by creating a paperless AP process
Faster Approvals and Closing
Automated approval workflows ensure timely response, and real-time GL posting means no more batch processing, speeding up month- and year-end closing
Tighter Controls
Capture the entire accounts payable life cycle digitally for every invoice for a more transparent audit process, with user-level access, privileges, internal controls and regulatory requirements baked into the workflow
Uncover Additional Cost Savings
End-to-end, real-time visibility enables strategic insights on cost-saving measures, enabling leaders to maximize accounts payable efficiency and spending and direct resources to more strategic functions
Efficient Workflows
Streamline approvals with web-based workflow tools, including built-in capabilities to configure approval rules based on dollar limits, chart of accounts and vendors thereby improving efficiencies and processes
A comprehensive, real-time solution for automating and streamlining accounts payable processing – bringing together all accounts payable functions into an integrated framework for maintenance, processing and analysis.
Enables seamless posting of accounts payable transactions and facilitates the daily payables process
Facilitates more proactive relationships with vendors and suppliers, and tracks summary information for each vendor
Supports AP workflow approval needs with configurable approval rules based on dollar limits, chart of accounts and vendors
Automates bill payment and invoice management across multiple groups independently, decentralizing payment processing while maintaining management control
Automates all payables transactions, including check writing, check generation, signature imaging, voiding/issuing replacement checks and reverse-posted vouchers
Delivers flexible and comprehensive accounts payable reporting, including a full suite of standard reports and analyses
Accounts Payable is fully integrated with other modules of Prologue Financials, including General Ledger and Fixed Assets, via a common database. AP transactions can be posted seamlessly to General Ledger, and posting to other general ledger systems is automated via a transaction management feature. Simply drill down from one system to the other at the click of a button.
Plus, the AP workflow module adds an additional layer of efficiency and control to your accounts payable process, leveraging user-defined rules to route, validate approval and approval authority thresholds, and track electronic approval, all with a full audit trail.
Lowering the Cost of Doing Business
Reducing financial institution expenses can start with automating accounts payable. By automating critical accounts payable processes and integrating it into accounting solutions, financial institutions can save time and money.
Let Us Know How We Can Help You
If you want to know more about Prologue Financials Accounts Payable or just want to talk about your business requirements, fill out the form and we will contact you as soon as possible.