Payment Processing and Tracking to vendor is very important to any business administration and subsequently efficient tracking of the payment gives potential result in managing fund and productivity. Briefly, when an Organization orders goods from a supplier it raises a Purchase Order (PO), when the goods or services arrive, they will receive an invoice from the supplier. Considering such facts of efficiency enhancement and effective monitoring we have Payment Processing and Tracking interphase in place. Team alight has developed this based on the various case studies and feedback as per the industry practice.
We have also considered proper care in terms of process enhancement and proper record managed out of this system. System also takes care of quality analysis records management.
Effective Master Maintenance such as department / branch / vendor etc.
End to End Purchase to Pay Cycle
Central Bill Payment and authorization
Vendor interphase for the real-time payment processing
Authorization matrix maintenance
Real Time Dashboard & Alerts
Capability of secure e-payment integration and revers response handling
Advanced reporting and transaction reconciliation