Innovation on the Polish market: maxflow – optimization of accounts payable in the SAP system
23-03-2010
Within the cooperation with the German company, Beck IT, BCC has become the distributor and implementation partner for maxflow – a solution extending the standard SAP functionality in the scope of finance and purchasing management. With maxflow, the companies gain financial and organizational benefits by systematizing the purchase invoice verification and acceptance processes and managing payments to vendors.
The maxflow software is a complementary application for the SAP system, developed by Beck IT GmbH. It allows to reflect in the SAP system the responsibility of individual persons and jobs in the process of verification, acceptance and payment for purchase invoices so that the process was optimal from the company’s point of view. Simultaneously, it allows to implement and apply a consistent payment release strategy by making the complete data on current vendor liabilities available to the decision makers.
Advantages of the SAP system extension by maxflow functions include:
- Streamlining the invoice processing in the organization (among others, owing to Workflow mechanisms – reminders, dunning letters, lists of documents to be accepted, etc.)
- Strengthening an internal control of payments to vendors (among others, owing to a unique assignment of the acceptance responsibility for invoices from a specific area, from individual vendors or above a set amount)
- Cash flow optimization (owing to releasing the payment at an optimal, the latest possible date and use of the cash discount)
- Improvement of the relationship with key vendors (owing to the management of their liabilities according to the highest priority)
Maxflow is used by over 150 companies and institutions, including Ferrero, Coca Cola, Honda. As partner of Beck IT, BCC provides maxflow software licenses, implementation services and training courses.
“We address our new offer to the companies that use SAP for the finance and materials management. The maxflow implementation will bring the most benefits to the companies cooperating with a large number of vendors and receiving a large number of cost invoices as well as to the organizations with the complex payment acceptance system. I mean particularly the capital groups and multi-plant companies that are interested in the centralization of the purchasing policy and introduction of an effective vendor relationship management strategy.” – says Krzysztof Siwiec, BCC Business Development Manager in the Finance, Analysis and Planning area.
More information about maxflow...
