Accounts Payable for Premier
Your staff’s time is better spent serving customers and expanding your deposit base rather than tracking invoices and filing paperwork. Accounts Payable for Premier® from Fiserv automates administration of payables, helping you operate more efficiently.
Accounts Payable for Premier is an integrated, browser-based and user-friendly solution that streamlines your bill-paying process, so your staff can focus on other areas of your business. In addition, the system includes security features and customizable online reports that can be used to research past payments.
By eliminating manual processes and automatically running same-day updates, Accounts Payable enables you to create and finalize a payables account in an easy one-step process. And with the system’s automated processing and updates, your monthly bill-paying duties all but disappear.
Setup is simplified by an import function that integrates external payable information. You can differentiate between ACH and check options, while also selecting either CTX (Corporate Trade Exchange) or PPD (Prearranged Payment and Deposit), from easily accessed drop-down lists.
With minimal effort, you can set up recurring payables to process automatically, freeing your staff to engage in more profitable activities. Each recurring payable can be established to occur daily, weekly, biweekly, monthly, quarterly, semiannually or annually. And you can conveniently create, change and make inquiries about your payables, all from the same screen.
Enhanced security is another benefit of Accounts Payable, which integrates fully with OFAC Reporting for Premier. When a new vendor is entered into the program, Accounts Payable for Premier cross-checks the vendor’s name against the Office of Foreign Assets Control (OFAC) database, and generates a warning that informs users about any potential matches.
- Simple setup: An import function integrates external payable information
- Enhanced security: Accounts Payable integrates with OFAC Reporting for Premier®, cross-checking vendor names against the OFAC database to identify those possibly involved in illegal activity
- Flexible searches: You can search vendor information by vendor name, ID number, type, city and contact name. Further information on a payable can be quickly retrieved using the Payable History function. Drill-down capabilities provide convenient access to additional data. Integration with Director™ enables viewing of previous invoices and checks
- Custom reporting: With Accounts Payable for Premier, you can quickly and easily create customized reports, which can be viewed online or printed. And you have the ability to configure the time frame of every report, so you can view some or all of the recurring payables in the database
For more information on Accounts Payable for Premier and other solutions from Fiserv, call us at 800-872-7882 or Contact Us.