Acumatica Accounts Payable vs Corpay Netting Manager

Acumatica Accounts Payable is a financial-management application in Acumatica Cloud ERP for capturing vendor invoices, handling approvals and payments, and keeping accounting and audit records. It uses OCR and AI/ML to extract information from PDF invoices and email attachments and create AP documents. Configurable workflows can apply vendor defaults, payment terms, tax rules, account settings, and purchase-price tolerances. Payments can be prepared singly or in batches, with ACH export in NACHA and CPA-005 formats. The application supports foreign-currency invoices, automatic currency triangulation, realized gain or loss calculations, and reporting across companies with different base currencies. It records transaction history, including who entered or changed records, and supports attached notes and electronic documents. AP connects with purchasing, inventory, projects, taxes, cash management, and the General Ledger. The web-based ERP can be deployed on-premises, in a data center, or on a cloud platform; native mobile apps are available for iOS and Android. Pricing is custom, based on applications, usage, resources, and deployment preferences.

Corpay Netting Manager helps companies settle payments among subsidiaries by combining obligations and converting the net result into one local-currency amount. Transaction matching and reconciliation workflows support the settlement process. The service provides funding, participant, settlement, and estimated-savings reports. Corpay says the approach is designed to reduce transaction fees and foreign-exchange conversion costs, improve cash-flow forecasting, and lower credit or settlement risk. Aggregated netting information can also be used with a currency risk management solution to mitigate exposure associated with netting. The web-based product is aimed at corporate groups and is designed to integrate with many core accounting systems. Corpay says it can be used in countries that allow netting and describes it as a secure, self-service solution. The plan is listed at free for Corpay customers using the solution or generating reports. Prospective customers can discuss their needs with a consultant and book a consultation.