Payables Management

U.S. Federal Financials supports invoice and payment processing in accordance with the Prompt Payment Act, ensuring timely and compliant payments.

Federal agencies must submit payment files to the U.S. Treasury in prescribed formats that comply with Treasury requirements. Treasury then executes the disbursement of funds on behalf of the agencies.

The following table describes how U.S. Federal Financials enhances payables activities:

Payables Activity	U.S. Federal Financials Feature
Define federal attributes	Purchase order attributes Invoice attributes Payment attributes
Enter payments	Prompt payment Payment file formats Treasury payments