Using AP Detail by Vendor Reports to Streamline the Expense Analysis Process

• Graphical analysis to highlight Top 5 Vendors, Oldest Payables due, and Overdue vs Current Balances
• AP detailed information grouped by vendor
• Analysis of payments due by aging bucket

The AP Detail Report by Vendor template can be used as a key element of the Vendor Expense Analysis process:

The AP Detail Report by Vendor is a ready-to-use Accounts Payable Reports from the Solver Marketplace. A Brief Description of the AP Detail Report by Vendor Template Accounts Payable Reports like the one seen in the image above are interactive and parameter driven and often contain sections with graphical analysis, auto narrative to highlight key information, and payables by vendor. One of the important features that aid the user in the analysis process is the ability to enable easy self-service for managers that need to get a quick picture of the top AP metrics. AP Detail Reports by Vendor are often used in conjunction with AP summary reports, AP spending trend reports, AP dashboards, balance sheets, and profit & loss variance reports. Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand. Additional Resources to Aid with Research of Templates, CPM and BI Tools

• Templates from Solver that are pre-built and that work out-of-the-box using the Solver CPM cloud. Click here.
• Template examples: You find more than 500 CPM and BI Template examples here.
• Interactive Dashboard examples: Try Power BI dashboard templates from Solver here.
• Software evaluation and selection:
  • Vendor Comparison and ROI (free interactive tool)
  • Evaluating planning, budgeting and forecasting functionality
  • Evaluating Financial Reporting functionality
  • Evaluating Dashboard functionality
  • Evaluating Data Warehouse functionality to achieve “one version of the truth”
  • Demonstrations and other specific assets: Solver Tour Central
  • Using third party analysts and consultants to aid in vendor selection
• Creating efficient processes:
  • Budgeting, Forecasting and Strategy Planning
  • Reporting and Analysis