What are Vendor Payments?
Vendor Payments Management helps businesses manage and record all payments made to suppliers accurately. It ensures timely settlements, proper tracking of payables, and smooth reconciliation with vendor bills — keeping your supplier relationships strong and your accounts up to date.
Key Features of Vendor Payments
- Payment Processing – Record and manage all payments made to suppliers.
- Link with Vendor Bills – Automatically match payments with respective bills for easy reconciliation.
- Partial & Full Payments – Handle both complete and partial payments efficiently.
- Multiple Payment Methods – Support for cash, cheque, bank transfer, or online modes.
- Payment Scheduling – Set payment terms, due dates, and reminders.
- Multi-Currency Support – Manage international vendor payments with real-time exchange rates.
- Approval Workflow – Enable multi-level payment approvals for better control.
- Refunds & Adjustments – Process refunds or advance settlements with ease.
- Bank Reconciliation – Match payments with bank statements automatically.
- Reports & Analytics – Get detailed insights into outstanding dues and payment history.
✅ Bonus: With Odex Vendor Payments, you can automate supplier settlements, avoid payment delays, and maintain complete financial transparency across your business.
