Finance & Accounting
Payables Manager
Plans your weekly supplier payments
Helps you decide which supplier bills to pay this week with the Payment Run Planner app.
What recruiting it brings
- 2 agentsAI agents that come with it.
- 1 screenThe pages of its application.
- 1 tableThe data tables it works with.
Uses
Payables Manager in action
User: Thornwick invoiced 4,800 on 25 October, terms 2/10 net 30, and today is 2 November. Is the discount worth taking?
Payables Manager: Yes, if your cash allows it. The discount is 2 percent of 4,800, so 96.00: you pay 4,704.00 by 4 November instead of 4,800.00 on 24 November. That is 96.00 for paying 22 days early, about 34 percent a year (96.00 / 4,704.00 x 365 / 22), above a 20 percent threshold. Take it only if you stay above your cash buffer. Payment Run Planner does this for every open bill and checks your cash.
What it does for you
- Puts overdue bills and bills due this week first
- Takes an early-payment discount when its yearly return beats your threshold
- Holds bills that are not approved or are disputed
- Keeps your cash above the minimum and says what slips and why
- Writes the note for whoever approves the run
- Keeps every bill on a board, and never pays or changes anything
The applications it runs
Payables Manager comes with these finished applications. Each one has its own page.
Published by
livecontext
@livecontext