Accounts Payable: CofA Management

The LeaseWave® AP system allows the user to easily and elegantly deal with both the assets and the various parties involved in the Certificate of Acceptance process in a comprehensive workflow management environment. In certain businesses, the Certificate of Acceptance management process is highly complex. Vendor-invoice payment decisions, for instance, can be driven by the successful acceptance of the relevant assets by the lessee. When dealing with a high-volume of assets, the acceptance certificate can itself become complex, from the generation of the certificate to accounting for its individual assets and their receipt-status. The lessee, for instance, could choose to return the asset to the vendor (for whatever reason) or indicate that not all components have been delivered. All these different nuances have to be accommodated for in the Certification of Acceptance management process.