At the core of PIMS sits a data base that records header details for each Purchase Invoice, but which facilitates the attachment of a scanned image of the documentation in PDF format.
Makes the receipt, registration, circulation and approval of Purchase Ledger Invoices and Credit Notes an efficient process, with additional internal controls compared with traditional labour intensive “paper- flow” method.
Integral to the system is that all actions are handled electronically, ensuring minimal delays between accounts and the authorising manager, whilst also ending the movement of paper.
Features | Benefits |
System lets the client set Authorisation limits for each authoriser, with single or multi- approval rule sets, all controlled by an authorisation matrix |
Provides an efficient system built within company guideline parameters, saving the time of managers and senior executives |
An electronic record of the flow of invoices and associated authorisation is automatically maintained, even those invoices requiring multiple authorisation |
Provides an audit trail of all invoices raised and authorised |
Software application which uses the cloud, only requiring a web browser on an internet connected device |
Less resource hungry than paper-flow method, not requiring software download to install |
Aids budgetary control, the system allows authorising managers to apply nominal codes to invoices or let the accounts dept do it |
Saves time and efficiency |
The system warns against duplicate supplier invoice numbers prior to circulation |
Avoids the processing of duplicate copies of invoices |
The electronic approval system allows authorisers of documents to see previous invoices from the same supplier |
Helping to avoid paying for something twice |
Data entry of additional notes when approving or rejecting an invoice is facilitated and visible online |
Maintains correct audit trail with appropriate documentation |
System can produce a file for subsequent upload to account packages and online reports can be output as PDF for import to Excel |
Versatility and ease of circulation for analysis where appropriate |