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Supplier management: optimised payment processes with Portolan's accounting solution

Efficient supplier management requires precise control of payment processes. The utilisation of cash discounts in particular can make a significant contribution to reducing costs and improving liquidity. The new release 8.60 of the financial accounting solution from Portolan Commerce Solutions GmbH provides companies with even more transparency and evaluation options to optimise their payment strategies.

Detailed overviews of the utilisation and non-utilisation of cash discounts:

  • User-friendly overview: Detailed information is available within each individual payment run – both at the level of the payment run and for each supplier.
  • Flexible reports: In addition to the detailed payment overview, customised reports can be created – e.g. by time period, supplier, supplier group, invoice or other relevant criteria.
  • Individual authorisations: Access to reports and analyses is controlled via the integrated Query Manager and authorised on a user-specific basis.

Automated payment runs for optimum utilisation of cash discount options:

  • Detailed payment overview: All important data can be viewed directly in the payment run.
  • Optimised liquidity planning: using cash discounts helps to reduce costs.
  • Increased transparency: Clear insight into cash discount utilisation and shortfalls.
  • Better control: Identification of optimisation potential in the payment strategy.
  • Efficient supplier management: improving business relationships through punctual payments.

 

Flexible reports to analyse discount data in a targeted manner – for example:

  • Payment run overview – Which payments were made with or without discount?
  • Analysis by supplier – Which suppliers offer cash discount and is it used?
  • Invoice-related reports – Which invoices were paid within or outside the discount period?
  • Summarised evaluations by period or supplier group – How does the discount utilisation develop over time? Is there potential for optimisation?

Thanks to the user-specific authorisations via the Query Manager, relevant departments or persons responsible receive targeted access to the required information.

Conclusion: More transparency and efficiency in payment processing

Release 8.60 of the Portolan accounting solution provides companies with valuable real-time insights into their payment processes and enables them to strategically optimise their supplier relationships. The detailed overviews and flexible reports help to identify unutilised discount potential and better manage future payments.

  • Use the new functions of Release 8.60 and optimise your financial processes – for more efficiency and cost savings.

     

  • A PCS-Shorts video will soon be available for customers in the customer area, clearly explaining the new functions.