Payflows Features
What are the features of Payflows?
Analytics
- Visibility
- Performance
- Spend
Planning
- Processes
- Contracts
- Content
- Requisition
Execution
- Sourcing
- Purchasing
- Invoicing
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Payflows Categories on G2
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Budget Creation
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data | Not enough data | |
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically | Not enough data | |
Versioning | Keeps track of all versions of a budget and allows users to compare versions | Not enough data | |
Formulas | Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues | Not enough data | |
What-If | Test the potential financial impact of business decisions on revenues and expenses | Not enough data | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) | Not enough data |
Budget Management
Consolidation | Consolidate multiple budgets from different departments or business entities | Not enough data | |
Adjustments | Users with administrative access rights can modify budgets | Not enough data | |
Workflows | Workflows are used to define the steps required to alter budgets and who needs to approve changes | Not enough data |
Forecasting
Historical Data | Forecasting is based on past transactions and historical financial or operational data | Not enough data | |
Reforecast | Ability to recreate forecasts to include new information that may impact budgets | Not enough data | |
Forecast Types | Support multiple types of forecasts such as balance sheet and cash flow forecasts | Not enough data | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) | Not enough data | |
AI | Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | Not enough data |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. | Not enough data | |
Forecasts Comparison | compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | Not enough data | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | Not enough data | |
Cash Balances | Calculate cash balances by geography or business entity | Not enough data | |
Risk Positions and Scenarios | Create scenarios to estimate the impact of possible changes in cash positions | Not enough data | |
Expiring Contracts and Payments | Determine how they may impact the liquidity of the company | Not enough data | |
Direct Spend Analysis | Analysis of products and services directly incorporated into finished products | Not enough data | |
Visibility | Based on 11 Payflows reviews. Improve visibility into procurement activities across the company. | 80% (Based on 11 reviews) | |
Performance | As reported in 11 Payflows reviews. Monitor the performance of procurement operations. | 88% (Based on 11 reviews) | |
Spend | Based on 11 Payflows reviews. Analyze procurement spending and identify future trends. | 86% (Based on 11 reviews) | |
Due Dates | Track invoices based on due dates to identify overdue payments | Not enough data | |
Benchmarking | Ability to compare AP automation metrics with other companies | Not enough data | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data | |
Due Dates | Track invoices based on due dates to identify overdue payments | Not enough data | |
Cashflow | Analyze variations between incoming and outgoing cash | Not enough data | |
KPIs | Monitor KPIs such as time to process an invoice or erroneous payments | Not enough data | |
Payment Tracking | Track different types of payment such as deposits or partial payments | Not enough data | |
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. | Not enough data | |
Reports | Generate cash flow reports in order to see where money is coming in and where it's going | Not enough data | |
Forecast Comparison | Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | Not enough data | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | Not enough data |
Cash Management
Monitor Cash Positions | Ability to track cash positions across all accounts, banks, business units, and countries | Not enough data | |
Debt and Investments | Manage the investments of the company and its debts such as loans, lines of credit, or credit cards | Not enough data | |
Cash Pooling | Consolidate the balances of multiple bank accounts and manage them as a single account | Not enough data | |
Cash Operations | Such as deposits, Money Market deals, loans, Forex, facilities, and trade finance | Not enough data | |
Schedules | Schedules automate internal and external movements of funds | Not enough data | |
Automated Cash Operations | Define workflows to automate cash management operations | Not enough data |
Risk and Compliance
Manage Different Types of Risk | Such as fluctuations in currency and interest rates, or natural hazards | Not enough data | |
Comply with Financial Regulations | Ensure compliance with local and global financial standards and legislation | Not enough data | |
Counterparty Risk Management | Manage the risks to each party involved in a contract | Not enough data | |
Hedging | Hedging against investment risks to reduce potential loss | Not enough data |
Banking
Banking Connectivity | Support multiple banking and financial messaging protocols such as SWIFT | Not enough data | |
Bank Account Management | Manage multiple accounts from different banks | Not enough data | |
Intercompany Lending | Management of loans between business entities | Not enough data | |
Automated Banking | Operations for banking data gathering and consolidation | Not enough data |
Integration
Financial Systems | Integrate with ERP and accounting products | Not enough data | |
Analytics | Integrate with Business Intelligence and Corporate Performance Management solutions | Not enough data | |
FX and Trading Paltforms | Pull data from foreign exchange and commodities trading platforms | Not enough data | |
Multiple Data Sources | Consolidate data from multiple sources such as spreadsheets, databases, banking systems, and software | Not enough data | |
Accounting | Provide integration with accounting and financial management software | Not enough data | |
Payment Integration | Integrate with payment gateways and enterprise payments software | Not enough data | |
ERP | Deliver integrations with accounting modules of ERP systems | Not enough data | |
Accounting | Provide integration with accounting and financial management software | Not enough data | |
Payments | Integrate with payment gateways and enterprise payments software | Not enough data | |
ERP | Deliver integrations with accounting modules of ERP systems | Not enough data | |
Account Sync | Sync with company accounts to transfer payments for approved invoices | Not enough data |
Planning
Processes | Manage workflows and business processes for procurement. This feature was mentioned in 12 Payflows reviews. | 90% (Based on 12 reviews) | |
Contracts | Based on 11 Payflows reviews. Provide standard procurement contracts that can be customized. | 83% (Based on 11 reviews) | |
Content | Based on 11 Payflows reviews. Maintain a repository of content such as catalogs and other documents. | 86% (Based on 11 reviews) | |
Requisition | Define requisition rules for various types of procurement. 11 reviewers of Payflows have provided feedback on this feature. | 91% (Based on 11 reviews) |
Execution
Sourcing | Identify and assess suppliers for different products and services. This feature was mentioned in 10 Payflows reviews. | 77% (Based on 10 reviews) | |
Purchasing | Create and manage purchase orders for products and services. This feature was mentioned in 11 Payflows reviews. | 92% (Based on 11 reviews) | |
Invoicing | Include features for procurement invoicing and e-invoicing. This feature was mentioned in 10 Payflows reviews. | 92% (Based on 10 reviews) |
Invoice Management
Capture | Provide features to capture invoices such as import or scanning | Not enough data | |
Supplier Portal | Allow suppliers to submit invoices using an online portal | Not enough data | |
Repository | Deliver a central repository of AP documents, such as POs and invoices | Not enough data |
Invoice Processing
Matching | Ability to match AP invoices to POs, contracts, or payments | Not enough data | |
Payments | Identify incomplete or late supplier payments | Not enough data | |
Workflows | Include workflows for approvals and invoice processing | Not enough data | |
Tax Compliance | Comply with local and global tax regulations for collections | Not enough data | |
Approvals | Include workflows for approvals of invoices or payments | Not enough data | |
Batch Processing | Process multiple invoices without human intervention | Not enough data | |
Consolidation | Allow users to consolidate multiple invoices into one | Not enough data | |
Match Invoices | Match invoices with purchases and sales orders, as well as with payments | Not enough data |
Invoice Generation
Templates | Provide standard invoice templates that can be customized by users | Not enough data | |
Digital Invoices | Ability to convert invoices to digital formats such as PDF | Not enough data | |
Recurring Invoices | Automatically generates invoices at pre-defined time intervals | Not enough data |
Cash Flow Management
File Exports | Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. | Not enough data | |
Income and Expenses | Add one-time or recurring items to your cash flow and add line items for each payment or deposit. | Not enough data | |
Track Cash Flow | Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds. | Not enough data |
Cash Flow Forecasting
Historical Data | Cash flow forecasting is based on past transactions and historical financial or operational data | Not enough data | |
Reforecast | Ability to recreate forecasts to include new information that may impact budgets | Not enough data | |
Forecast Types | Support multiple types of forecasts such as balance sheet and cash flow forecasts | Not enough data | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) | Not enough data | |
AI | Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns | Not enough data |
Financial Data Transfer
Data Transfer | Automates the transfer of data between an organization's ERP system and its bank | Not enough data | |
Data Exchange | Streamlines the exchange of information between internal systems | Not enough data | |
Reporting | Automatically extracts data required for cash forecasting and liquity reporting | Not enough data | |
Access | Restricts access to certain users within an organization, or provides access for third parties | Not enough data | |
Integration | Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software | Not enough data | |
Data Exchange | Schedules the exchange of information between internal and external systems | Not enough data | |
Reporting | Automatically extracts data required for dashboards and reports on cash positions and liquidity | Not enough data | |
Access | Restricts access to certain users within an organization, or provides access for third parties | Not enough data | |
Integration | Integrates with other financial software, such as Accounting, ERP, and Corporate Performance Management software | Not enough data |
Risk
Analysis | Reduces future risks through root cause analysis and process improvement | Not enough data | |
Identification | Reduces frequency of errors, identifies risk and improves efficiency | Not enough data | |
Scoring | Scores suppliers and employees based on risk factors | Not enough data |
Recovery
Recoup | Identifies and recoups funds and prevents errors from happening again | Not enough data | |
Reporting | Offers reporting to aid in minimizing future lost profits and process breakdown | Not enough data |
Audit
Filters | Includes a library of audit-tested filters to identify AP outliers that are outside company policy | Not enough data | |
Post Audits | Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims | Not enough data | |
Overpayments | Detects and prevents a wide range of overpayment errors | Not enough data | |
Duplicates | Detects and prevents a wide range of duplicate payments | Not enough data |
Fraud
Vendor Checks | Enables automatic checks of new vendors being set up in the system to combat potential billing schemes | Not enough data | |
Data Generation | Generates comprehensive data needed to conduct a thorough investigation | Not enough data | |
Monitoring | Provides continuous, proactive fraud monitoring across multiple systems and data formats | Not enough data |
