PeopleSoft Payables

Oracle's PeopleSoft Payables provides automated invoice and payment processing to ensure timely and accurate payment for goods and services. Best practice business processes match purchase orders, receipts, and invoices and provide online approvals to identify exceptions and increase control over your disbursements. PeopleSoft Payables delivers built-in controls to help you meet regulatory requirements, enforce compliance, reduce risk, and implement due-diligence best practices reducing cycle times and errors.

PeopleSoft  Payables is integral to PeopleSoft's procure to pay solution and is part Oracle's PeopleSoft Financial Management family of applications.

BENEFITS

Maximize Productivity with Automated Invoice Processing

  • Gain efficiencies with sophisticated matching rules to support any business need
  • Eliminate paper invoices and reduce invoice processing costs with Transcepta's unique electronic invoicing solution that works seamlessly with Oracle solutions
  • Optimize payment processing through electronic payment processing and inter/intra-unit transactions, bi-lateral netting, EDI, Excel to CI, and quick voucher
  • Maintain good supplier relationships and control through, withholding, 1099 and vendor statistics
  • Increase efficiency in managing cash through discount evaluation, process payments, escheatment and positive pay

Enforce Financial Control

  • Automate invoice processing, with configurable workflow to route and approve invoices according to the unique requirements of your business
  • Enforce financial control to lower exposure to fraud, error, and unauthorized payments, and increase accuracy through duplicate vendor, attachments, cash integration, and drilldown to GL
  • Measure performance and make better decisions with robust inquiry and graphical tools

Ensure Corporate Growth

  • Support global financial operations with unlimited standard offset accounts and tax (integration with Vertex and Taxware for the U.S.)
  • Meet country-specific statutory requirements by calculating and accounting for value-added tax, sales and use tax, withholding tax, and regional and local taxes
  • Increase visibility over accounting and controls with check requisition, global tolerances and offset accounting, and vendor controls
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