TradeStone's Finance Module contains robust functionality for vendors, buyers and finance professionals to facilitate the rapid payment of invoices with an eye always on trading partner performance:

The Party Profile houses all the pertinent information for global commerce transactions such as SWIFT numbers for all vendors' banking locations and invoice matching tolerances on quantities and costs. Also included is the ability to assign multiple departments to an expense code and category, each with different general ledger account codes with a default calculation basis for estimated landed costs. Users can also aggregate purchase orders for inclusion on a Letter of Credit for a vendor.

TradeStone Finance allows users to create Commercial Invoices for goods and related services such as packing and ticketing. The solution also creates and maintains Non-FOB Invoices such as Service Invoices for freight fees, agent commissions, and brokerage fees; Memo Invoices for internal processing and Credit Invoices for adjustments, refunds, rebates, and chargebacks.

Payment Requests allow the user to group one or more "approved for payment" invoices onto a single vendor payment. The Payment Processing allows Invoices to be categorized by status so that the issue may be acted upon. The Commercial Invoice Interface passes invoices seamlessly from TradeStone Finance to your corporate finance software which will determine how to pay the vendor based on payment terms.

When time is of essence, users can view the status of invoices by shipment or bill of lading number to see whether all expected invoices have been received and processed for payment. TradeStone Finance can also invoke Costing transactions to reconcile any unexpected expenses and decide whether to accrue at the estimated value. And, of course, Invoice Revisions are processed according to invoice status and tolerance values.

The Finance Module completes the global commerce transaction in the TradeStone Merchandise Lifecycle Management suite, cementing trading partner relationships.