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Effectively track and manage all of your supply chain invoices and payments in one place

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“Now our buyers can exchange photographs with suppliers and have a real-time dialogue as they develop styles, while buyers out in the Far East can send detailed and accurate information back to their teams in the UK. It has certainly cut lead times and reduced errors.”
Maxine Walter, supply chain co-ordination manager, New Look

Vendor Payments

Vendor Payments with LIMA

Have complete visibility of invoices and payments to your suppliers with our Vendor Payments module, which is part of LIMA, our broad web-based supply chain management solution. It provides a standard way to create and manage invoices in one place so that you can easily see all of your processed and outstanding payments to vendors. Invoices can be automatically generated based on packing lists and batched in pre-defined groups for approval with instructions sent directly to your bank for payment. We can also interface Vendor Payments directly with your finance and accounting systems so you have the most accurate and up-to-date view of your cash flow.

Features:

  • Pro-forma invoice creation for suppliers based on PO information
  • Approve and authorise invoices and deposit payments
  • Generate invoices from packing lists
  • Batching of invoices and payment instructions sent to your bank
  • Integration with any existing financial and accounting systems

Benefits:

  • Central visibility of all vendor costs and payments
  • Provides greater accuracy of estimated costs
  • Reduced administration time and resource
  • Faster, more accurate payments to suppliers
  • Improved cash flow
  • Integrated workflow and flexible reporting tools

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“Now our buyers can exchange photographs with suppliers and have a real-time dialogue as they develop styles, while buyers out in the Far East can send detailed and accurate information back to their teams in the UK. It has certainly cut lead times and reduced errors.”
Maxine Walter, supply chain co-ordination manager, New Look