Accounts Payable

MRI Accounts Payable

FAST, ACCURATE ACCOUNTING AND FINANCE MANAGEMENT

MRI---AP---Menu-on-CPU-with-X-Log-in-on-TabletFrom tracking invoices to printing checks to dealing with vendors, the Accounts Payable system streamlines procedures across your entire portfolio. Developed by the experts, this intuitive web-based solution minimizes manual intervention while maximizing accuracy and productivity. Flexible reporting tools leverage information to support smarter negotiation and decision making. No matter what processing method you choose – cash, accrual, or a combination of the two – Accounts Payable can help you improve cash flow and lower costs as you gain greater control over the accounts payable process.

 

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Key Features of Accounts Payable

  • ACCURATE, EFFICIENT DATA ENTRY – A single spreadsheet-like entry screen, with pop-up reference windows, minimizes error and maximizes throughput. To ensure accuracy, all invoice account numbers are automatically checked against general ledger information.
  • PAYMENT FLEXIBILITY – Quickly determine how invoices will be paid by selecting any combination such as entities, due dates, due periods, or an individual invoice. Split payables across multiple properties or account numbers.
  • AUTOMATION – Intuitive software prompts you for each vendor’s defaults, then automatically calculates discount and payment terms. Any vendor charges are instantly allocated across multiple entities and general ledger accounts. Vendor insurance certificates are tracked automatically. The system instantly calculates 1099s as well.
  • OVER-PAYMENT PROTECTION – Accounts Payable features multiple settings to automatically check for duplicate invoices against paid and unpaid items. In addition, invoices can be created based on full or partial receipt of items ordered.

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STREAMLINED REPORTING AND DATA SHARING

  • COMPREHENSIVE REPORTING – Extensive report options include check registers, cash requirements and reconciliation reports, vendor history, year-to-date disbursements by vendor, and aged open payable reports. Reports can be generated for any date range at any time and all report parameters can be modified to fit your needs.
  • ANYWHERE DATA ACCESS– Integrated data flow among MRI modules means you can create open invoices for management fees, rent refunds, and security deposit refunds at a moment’s notice. All changes are automatically updated across the system, reducing data entry and minimizing error.
  • EASY EXPORT – Export report data to excel, third-party spreadsheet, or database software for “what if” analysis. Create report pdf’s at the click of a button.
  • CONTROLLED DECENTRALIZATION– You choose the level of processing that is allowed at each location, from data entry all the way to local check writing, with or without home office approval.