The Omnix ERP Creditors module provides accurate forecasting of current and future cash requirements to improve cash flow. The system processes amounts owed to creditors and payment of the amount due.

Key features:

• interfaces with the Omnix ERP Purchase Orders and Requisition, Cash Book, General Ledger and Production Control modules
• can generate user-defined account numbers and posting codes
• operates as a balance forward or open item system
• ages balances up to 180 days
• caters for Electronic Fund Transfers to all the major banking institutes
• classifies creditor transactions by reconciliation type
• has a drill down facility which displays and can also print journal details
• can specify a list of branches that have permission to access a specific creditor
• can capture purchase orders in a foreign currency
• can print customised cheque and remittance advice forms
• gives a detailed reconciliation of unpaid invoices and part payments for each creditor
• lists all purchases for the current month by General Ledger account code
• generates customised labels which can be used for various purposes, such as mail shots and letters
• provides a cash flow analysis based on invoice due date
• keeps numbered audit trails of all financial transactions which have been posted to the Creditors module
• stores a 13 month revolving purchase history
• has a facility for online enquiries into all aspects of a creditor’s account
• has an option to load a CSV file of payment transactions captured in MS Excel
• if a report is printed in CSV format, displays a ‘before’ and ‘after’ image of the amended account in columns when viewed in MS Excel. The amended data is highlighted

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