Background
Accounts Payable reporting is critical to ensuring timely payments to vendors. It is also key in determining your Days Payable Outstanding DPO and ensuring that AP collection and even broader strategies are aligned with revenue and cash forecasting.
What you get if you just join the tables
No aging of your AP documents obfuscates timely vs late payments. Currency conversion issues make it difficult to aggregate and summarize.
Simplement Value Add
The Simplement AP smart start allows you to get started on a vetted AP reporting template immediately.
Aging buckets are calculated dynamically, no more static out-of-date reporting. Parentage to originating documents is guaranteed allowing accurate aging calculations. Currency conversion is already calculated allowing for accurate aggregations.
We deliver all of these key features to give you an accurate view of your business.
