Accounts Payable
Our Accounts Payable solution incorporates an end-to-end approach to paying invoices for government, commercial and non-profit clients. It is designed to minimize paper and facilitate rapid and accurate payment. In addition to operational cost savings, our clients benefit from our expertise and experience in best accounting practices including appropriate edits, data integrity, and strict internal controls.
Dynaxys manages the high-volume, routine paper receipt and data capture processes (receipt through approval) allowing our clients to focus on approvals and exception handling, and concentrate resources in areas that provide the most value to the organization. They can expect problem free reporting and audits with data accessible to complete the most rigorous analyses.
For these and other reasons, a growing list of clients has turned to Dynaxys to handle this operation and has discovered the many benefits — from cost savings to reporting reliability to better relationships with vendors.
For government clients, we manage funding obligations and disbursements against those obligations to meet government funds control requirements. We comply fully with all government payment controls. Our support system schedules payments to avoid Prompt Payment Penalties. Strict internal controls follow Federal rules for A-123 and A-127. Our services include:
| Mail receipt and opening | Check Issuance / Mailing | Banking operations management |
| Data capture and verification | Vendor Payable Reporting and Analysis | Government funds control and disbursement |
| Electronic invoice receipt | Check Maintenance (stop, void...) | Compliance monitoring |
| Automated purchase order matching | Positive / Match Pay Reporting | Positive Pay Monitoring |
| Budget matching for property managers | Vendor set-up / Maintenance | Ad hoc and Analytic Reporting |
| Invoice coding and exception management | ERP Integration | Program oversight and management reporting |
| Payment Remittance (electronic payments) | Transaction history | IRS / 1099 reporting |
