Analysis of Accounts Payable in Azerbaijan

RBC Group offers its clients a software solution that allows them to analyze accounts payable (AP) data across all relevant dimensions: counterparties, vendors, branches, and more. It also makes it easier to analyze accounts payable turnover and track trends in the resolution of overdue payments.

The app allows you to analyze key metrics:

• Total accounts receivable;
• Current accounts receivable;
• Past-due accounts receivable;
• Average accounts receivable;
• Increase in accounts receivable;
• Collection of accounts receivable;
• Turnover.

For your convenience, all these metrics are presented in the form of tables, graphs, and charts, making the information more visual, clear, and easy to understand. Instead of complex, monotonous tables, we offer a clear presentation with appealing visuals and an intuitive structure.

Data sources for analyzing a company’s accounts payable

One of the key advantages of our solution is its versatility. Data can be sourced from various versions and configurations of the 1C accounting system that you use in your company, various ERP systems (enterprise resource planning systems), standard Excel files, and so on.

At the same time, all information obtained from various sources and in different formats will be automatically consolidated within the application, making subsequent analysis of the composition and structure of accounts payable significantly more convenient. And the more data sources are used, the more effective our solution becomes.

Convenient analysis of accounts receivable and accounts payable using pre-built dashboards

The analytics module consists of a set of specially designed dashboard sheets that enable users to perform various analyses of accounts payable.

There are more than ten such dashboards available:

• “Key Metrics”;
• “Ratings”;
• “Outstanding Balances”;
• “Payments”;
• “Turnover”;
• “Trends” and others.

Dashboards enable detailed analysis of an organization’s accounts receivable and accounts payable over time, track changes in these figures, compare them with previous periods, and view changes over various time frames—weekly, monthly, quarterly, and annually.

You can also work with multiple currencies. Currently, three currencies are available: UAH, USD, and EUR. It only takes one click to change the currency—the system will automatically recalculate the data on the dashboard and display the updated information in a matter of seconds.

The steps involved in the analysis and the benefits of our solution

There is a well-established, classic analytical framework which, in summary, consists of three stages:

1. Conducting an analysis of accounts receivable, taking into account the amounts owed, their components, and trends. The results of these calculations are typically presented in the form of a graph or table to provide a clearer view of the results and changes over a specific period of time.
2. Conducting an analysis of accounts payable, taking into account their amounts, structure, and changes over time. If the proportion of short-term debts to creditors increases, so do the company’s risks.
3. Conducting an analysis of accounts receivable and accounts payable to assess their balance. This is an extremely important step, as debts to creditors serve as a source of financing for deferred payments.

Of course, to enter all the data and perform calculations, you could simply create an Excel spreadsheet, add the information and formulas, run the calculations, and then compare data across different periods and so on. But when dealing with large volumes of data, this is a very time-consuming and resource-intensive process.

Our solution automates all stages of analysis and calculations, ensuring maximum efficiency. The RBC Group software provides a comprehensive 360° credit risk analysis with minimal effort.

Analysis of a company’s accounts receivable and accounts payable: who conducts it and for what purposes

Our solution is a truly versatile tool for analyzing accounts payable and accounts receivable. It has been designed and optimized for three main user groups:

• Business owners and executives

Business owners gain real-time visibility into accounts receivable levels and can analyze data through a user-friendly, intuitive consolidated interface, accessible from any device. With the RBC Group solution, they can easily manage intercompany settlements, monitor accounts receivable portfolios, and, if necessary, drill down to specific payments or contracts. Business owners can perform in-depth analysis down to individual business lines, legal entities, departments, managers, and so on. There is no need to use external software solutions or modules for this. All the necessary tools are included in our program and available in a single software package.

• Employees of the sales and finance departments

The RBC Group software enhances the efficiency of accounts receivable and accounts payable management, enabling users to assess the status of accounts receivable and accounts payable both statically and dynamically, view aging reports and their structure, and analyze accounts receivable turnover. Again, all of this is available within a single, user-friendly interface, eliminating the need for third-party solutions.

• IT Director

For IT directors, the RBC Group program enables them to work with data from various systems and sources—quickly and efficiently. The system responds promptly to user requests and can process large volumes of data from disparate sources. Implementation takes minimal time, and there is no need to change your company’s primary accounting system (or systems).

The program’s tools are fully designed for independent use and do not require the user to have any specific knowledge or skills. The interface is minimalist, intuitive, and easy to understand. No extensive training is required to use the program.

Make your accounts payable analysis more efficient, accurate, and straightforward with RBC Group

We developed this solution primarily to help large and medium-sized businesses manage their accounts payable and accounts receivable more effectively by analyzing them at all levels. This is particularly useful when dealing with multiple data sources and accounting systems. The program simplifies the analysis of volumes, structure, and turnover, as well as the composition of accounts receivable and accounts payable, without requiring any internal work on accounting systems or their replacement.

If you’d like to learn more about the technical and functional capabilities of the RBC Group solution, submit a request on our website, and one of our managers will provide you with a free consultation on all your questions. Alternatively, you can request demo access to the program to personally evaluate all its features and benefits, and explore the available dashboards, settings, and visualizations. Our product is designed to make your business more efficient, and we’re ready to prove its effectiveness in practice.