Makeen accounts payable.
Automate your accounts payable process.
What is Makeen Accounts Payable?
Makeen accounts payable (AP) streamlines the examination, authorization, and disbursement of supplier invoices, affording you enhanced oversight of the entire procure-to-pay workflow. It facilitates the upkeep of comprehensive vendor records, the generation and supervision of purchase requests, and enhances data precision by autonomously reconciling invoices with the appropriate vendor and purchase order. Additionally, the automation of journal entries obviates the necessity for manual input of debit and credit entries, resulting in time savings and the assurance of precise payment recording.
Go Beyond Basic Automation
Streamline and mechanize your complete accounts payable procedure by eliminating physical documents and manual entry of invoice details, as well as the matching and processing of payments. Makeen AP Automation offers a swift and safeguarded method for handling invoices and settling bills directly via the Makeen platform.
Instant Access to Knowledge
Obtain immediate access to crucial accounts payable data, such as the aging of accounts payable, records of issued checks, pending invoice approvals, and payments currently in transit.
Power of Makeen AP
With Makeen, various departments like accounting, sales, operations, and purchasing can collaborate and exchange information effortlessly. Streamline the entire procurement-to-payment process through a unified platform, keep a close eye on budgets to avoid exceeding them, implement automated approval processes, and strategically time payments to optimize cash flow.
Makeen Accounts Payable Features
Accounts Payable Dashboard
Customizable user interfaces, key performance indicators (KPIs), and notifications ensure that the accounts payable procedures operate efficiently. Monitor ongoing purchase orders, pending invoice approvals, upcoming invoice deadlines, planned payments, and other critical data in real-time.
Vendor Records
Keep comprehensive documentation of all suppliers, encompassing their contacts, physical addresses, banking details, purchase orders, historical payments, and credit notes. Streamline the process of cross-referencing incoming invoices with vendor information to guarantee precision, prevent delayed payments, and mitigate the potential for fraudulent activities.
Purchase Orders
Effortlessly generate and monitor procurement requisitions, automatically forward them to the relevant supervisors for assessment, and transform them into purchase orders once approved. Ensure alignment of supplier invoices with purchase orders and receiving records to prevent overpayments or duplicate payments, thereby minimizing the potential for invoice-related fraudulent activities.
Payments
Facilitate timely payments through various methods like cash, checks, credit cards, or electronic transfers, aligning with the stipulated invoice due dates. Implement tailored protocols to secure early-payment incentives. Automatically set up and authorize recurring invoices, such as those for utilities or subscriptions, within established limits. Streamline the process of monitoring and utilizing vendor credits for outstanding invoices.
Reporting
Standard AP reports, custom reporting segments, and saved searches enable in- depth examination based on various factors such as expense category, department, location, and virtually any other pertinent criteria. You can monitor payments based on their date, status, and the vendor involved. Additionally, you can document prepaid expenses, and payments to vendors.
Accounts Payable Dashboard
Customizable user interfaces, key performance indicators (KPIs), and notifications ensure that the accounts payable procedures operate efficiently. Monitor ongoing purchase orders, pending invoice approvals, upcoming invoice deadlines, planned payments, and other critical data in real-time.
Vendor Records
Keep comprehensive documentation of all suppliers, encompassing their contacts, physical addresses, banking details, purchase orders, historical payments, and credit notes. Streamline the process of cross-referencing incoming invoices with vendor information to guarantee precision, prevent delayed payments, and mitigate the potential for fraudulent activities.
Purchase Orders
Effortlessly generate and monitor procurement requisitions, automatically forward them to the relevant supervisors for assessment, and transform them into purchase orders once approved. Ensure alignment of supplier invoices with purchase orders and receiving records to prevent overpayments or duplicate payments, thereby minimizing the potential for invoice-related fraudulent activities.
Payments
Facilitate timely payments through various methods like cash, checks, credit cards, or electronic transfers, aligning with the stipulated invoice due dates. Implement tailored protocols to secure early-payment incentives. Automatically set up and authorize recurring invoices, such as those for utilities or subscriptions, within established limits. Streamline the process of monitoring and utilizing vendor credits for outstanding invoices.