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8Manage PPM provides a secure cloud environment with the highest transparency and visibility into the settlement workflow. Immediate access to project revenue and cost budget information helps you detect inconsistencies and potential fraud before they become significant problems.
Generate Invoices To Bill Your Client
8Manage PPM helps you to generate invoices to bill your client based on the payment terms specified in the contract or milestone completion in the project. If the contractual project is time-and-material based, 8Manage PPM can automatically generate invoices based on approved timesheets and expense reports by the client and generate the invoices to bill the client accordingly.
Three-way Matching With Suppliers
With 8Manage PPM, you can perform three-way matching between the delivery-and-acceptance document, supplier Invoice, and PO to check if you have received the order correctly and if there aren’t any discrepancies. Once three-way matching is complete, the invoice is approved and forwarded to payment processing.
Payment to Suppliers
8Manage PPM allows you to pay one or multiple approved invoices to the supplier. After your payment request is approved, your finance department will be notified to issue the payment.
After the “invoicing and receiving payment” or “invoice-received and payment-request” process, 8Manage PPM will automatically make a record for bookkeeping and auditing purposes.
Traceability and Auditability
8Manage PPM allows a simple and cost-effective way for a business to investigate its transactions and invoices sent to its clients or presented by its suppliers. You can use 8Manage PPM to examine invoice integrity prior to billing a client or paying a supplier. 8Manage PPM provides valuable information on the status of an invoice and signals a warning when receivables are disputed or goods are undelivered.
Wisage Technology is a leading provider of management tools, it offers Project Mgmt Software, CRM Software, Human Resource Mgmt Software, Supplier Mgmt Software, etc.