Electronic file uploads to your internal (ERP) systems
When foreign invoices need to be paid for accommodation, research, tutors, courses and overseas student recruitment marketing, we’ll process your accounts payable (AP) file, relieving you of the costs and complexities of managing various currencies for different beneficiaries.
If you pay regular overseas invoices – for accommodation, research, tutors, courses and student recruitment marketing – this process could save your accounts payable (AP) department countless hours in manual administration.
You simply:
- Generate an AP file using an industry-standard accounts package (such as Sage, SAP, Oracle or Agresso).
We:
- Collect and process it, so you no longer have to manually source various currencies to pay different beneficiaries.
- Send back a standard-format file to be imported into the accounts package for reconciliation and accounting.
- Pick up your AP file, disburse payments on your behalf, then close-off the open accounting entries by feeding back a ‘statement’, complete with appropriate references, into your AP system.
To make the actual cost of each invoice clear, multiple systems must be searched. However, by integrating your ERP with our online payment system, you can more effectively manage invoices, and match and reconcile payments. We do this by delivering regular payment statements in standard formats, covering enterprise settlements and beneficiary payments. This also means more effective bank statement reconciliations and payment investigations.
