Product Update - April

Here's the first (long-awaited) product update... 🥁

New Procurement tab in Payflows

Our procurement module is live

We've rolled out the procurement module to some of our clients. Alongside Cash Management and Payments, this new module empowers them to streamline their entire procurement operations seamlessly within an all-in-one platform: Payflows.

Vendor onboarding process

Onboard your vendors easily

Invite your vendors to register on Payflows, enabling them to easily provide all their business details and independently manage their purchase orders and payments.

  •  Send an email onboarding link in one-click to you vendors.
  •  Your vendor can easily provide all the details (tax ID, registration number, bank details, documents, etc.).

Vendor onboarding process

Sync data with your ERP in just one-click

You can now handle all types of procurement objects and fully synchronise them with your ERP systems ensuring that no data is lost across systems.

  •  Sync easily purchases, invoices, analytical axes, etc.
  •  Sync also items not created in Payflows.

Issue to resolve on Treasury Dashboard

Make sure your balances are always up to date

We’ve improved the balance continuity feature to help you improve your control over your balances and make sure you’re always up to date on any movement that occurred across your bank accounts.

  •  Bank files received daily and integrated into Payflows
  •  Make sure that you can have bank information up to date

New Anomalies tab in Treasury - Orders

Track your bank orders more accurately

We've enhanced the bank orders section to provide more precise tracking and easier detection of failures.

  •  Improvement of bank orders tracking with more statuses
  •  Failed and partially failed bank orders isolated in a dedicated tab
  •  Failing reasons available both at bank order and item level

Settings in Workspace tab

Adapt Payflows to your procurement policy

New settings are now available, allowing you to customize Payflows according to all the specifics of your internal procurement policy to making Payflows yours!

  •  Vendors can be assigned preferred items or categories
  •  Display purchase amount or not in purchase order document/PDF
  •  Auto reject invoices if the vendor did not provide a PO number
  •  Auto send PO document to your vendor when the purchase is approved

Delegation creation popin in Payflows

Delegate your rights when you’re away

To avoid any potential delays and approval bottleneck, you can now temporarily delegate your approval rights to another Payflows' user.

  •  Grant a colleague the rights to approve your requests
  •  Reclaim your approval rights automatically upon your return