Keeping track of past due payable and receivable accounts is a daunting task because their number increases day by day. If you lose track of it once, assume that it is out of your control. It can cost a lot to your business and traditional methods are not going to help you. You need a modern system that tracks each credit and debit account of your business. By helping you organize the collection and payments, PACT helps you to improve the cash flows, develop cordial relations with your vendors and suppliers, and save a lot of time and cost.
Are you tired of juggling between excel sheets to find the right information? With PACT accounts receivable and payable software you get all information about your debit and credit accounts on a single dashboard. Get instant and real-time information and store invoices, purchase orders, etc. in a single place.
Track the payment history of your debtors and give discounts to eligible customers. It not only accelerates payments but also improves customer satisfaction. Further, make timely payments to the vendors to maintain a cordial relationship with them. Improve your credit rating, earn vendor trust, and seek long-term payment contracts and discounts.
Accounts receivable and payable management is an extremely time taking function and acutely prone to errors when done manually. Automating it not only saves time but also saves you money by freeing you from possible human errors and the costs associated with the late processing of bills and invoices.
Manage your credits and debits effectively by using the approval process flow. Strictly follow the internal credit terms to prevent risks. Further, automate processes to prevent fraud. Automation helps in detecting duplicate invoices and does 3-way matching of documents before issuing the payment.
Effective credit and debit management is essential for the success of any business. PACT's accounting software offers a comprehensive solution to integrate and streamline your collection and payment processes. By automating these processes, you can reduce the risk of errors and fraud, and ensure that your financial operations run smoothly. PACT's software also provides real-time updates on your accounts receivable and payable, allowing you to make informed financial decisions. With PACT, you can maintain the financial stability of your business, improve your cash flow, and avoid late payments and associated penalties. Take advantage of PACT's powerful accounting software and transform the way you manage your credits and debits today.