Payment Time
Reporting (PTRS)
You have a requirement to report payments to small businesses and must ensure report accuracy and timely delivery – or you may receive costly penalties. Our accounts payable automation and Power BI streamlines your payment time reporting, capturing the precise moment you receive an invoice, tracking and reporting its time of partial or full payment.
How it Works
01
To create your payment time report, simply ask CAAPS to provide you with a list of Vendors.
02
This will export in the exact format required by your government’s Small Business Identification Tool (SBI).
03
Upload your vendor list to the SBI to receive an automatic invoice processing report in return, which you can then upload to CAAPS.
04
CAAPS will create your Payment Time Report, which you can then review and sign for submission.
Key benefit
The key benefit of accounts payable automation in this area is that you can run the report at any time you wish – put an end to compiling endless partial data elements in the hopes you haven’t missed anything and that the reports are accurate.
Reporting is only part of your requirements. With CAAPS’ excellent background, you can track your payments to all suppliers at all times – no more waiting for scheduled reporting times to assess performance, as our AP automation software keeps you 100% informed in real-time.
Make comprehensive, 24/7 reporting the new norm for your organisation with our CAAPS solution. Learn more about us today!
Let’s talk
Call or email us today to discuss how we can simply integrate CAAPS into your business.
