Account Management System

AMS Overview

PREDICTION+ AMS is part of the fully integrated PREDICTION+ suite. It is designed to manage the receipt of vendor invoices and their subsequent management and approval through to payment of the client invoice (if implemented).

AMS registers all vendor invoices received and can quickly verify the details against the orders / contracts raised in the PREDICTION+ Materials Management System (MMS). The system provides full visibility to the user of any invoice irregularities or overruns. Because of its integration to other PREDICTION+ modules, users have at their finger tips all the information they need to have to ensure the correct and speedy payment of the invoice. Vendor details, order details, items received, special conditions, budget and accounting codes are automatically linked and other general order information are all visible at the time of processing.

Once an invoice has been approved, the details are automatically transferred into the PREDICTION+ Project Control System (PCS) for actual expenditure reporting and performance measurement. AMS also allows the re-invoicing of the vendor invoice through the integration of PCS, eliminating the need for re-keying data and ensuring data integrity.

The approved invoice can then go through a controlled batch process which controls its export to external accounting systems for payment and general ledger reporting. Some minor customization may be required to match the external systems requirements and invoice payment methods.

AMS contains a comprehensive vendor register that tracks all vendor details including contact details, bank details, service / product classification, non conformance issues, order and invoice history and general comments.

AMS Features