Dallas, TX- INVEX-Financials is the financials package for the metal industry’s leading cloud enterprise software, INVEX. INVEX-Financials provides metal service centers with a comprehensive and cost-effective solution for AR, AP, and GL with native metal industry features and functions.
All Company Sizes and Structures
INVEX-Financials accommodates accounting teams at metal service centers of any size and structure, including:
- Single and multi-branch companies
- Multiple companies each with their own branch locations
- Or multiple companies located in different countries
Multi-Currency
INVEX-Financials supports multi-currency operations with the flexibility to handle:
- Buying and selling in different currencies
- Fixed and variable transaction currencies
- Foreign exchange gains or losses
- Currency translation ledger
General Ledger
The INVEX GL is updated in real-time as transactions are posted in INVEX. The GL account configuration provides flexible controls over which accounts are posted to for each type of transaction. GL features include:
- Journal entry management
- Inter-branch sales and profit center allocation
- Financial reporting tools
- Budget maintenance
Accounts Receivable
The AR module is used to manage the collection, review, tracking, and follow-up of outstanding receivables, features include:
- Cash receipts
- Payment history
- Credit verification features for Quotes and Orders
- Credit hold and release functions
- Electronic interface for cash receipt uploads by customers
Accounts Payable
The accounts payable section includes voucher and invoice cost reconciliation functions that allow metal service centers to:
- Post vouchers with matching
- Receive invoices electronically via EDI
- Enter vouchers for metal, freight, processing, and more.
INVEX also provides the following added tools for metal finance teams:
- Analytics and KPI dashboard for AR and AP
- Accounts receivable mobile application (iOS and Android)
- Flexible API for 3rd party financial application integrations
Modern Metals Article: Heidtman Steel and INVEX Enterprise Software
We are excited to share the new article from Modern Metals that highlights Heidtman Steel’s journey on INVEX, the metal-specific enterprise (ERP) software. See the article below: Modern Metals – Heidtman Steel Products and INVEX Heidtman Steel, originally founded in 1954, is a flat rolled metal service center, operates eleven facilities within Indiana, Illinois, Michigan, and…
Chapel Steel – Implements INVEX, a Cloud-Based Metal Enterprise Software
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Dover Tubular Implements INVEX Metal Enterprise Software
Dover, NJ – Dover Tubular Alloys, Inc. a master distributor of stainless and aluminum tube and pipe, has implemented the INVEX metal enterprise software. INVEX is the cloud-based metal service center software from Invera that is fast to implement, and e-commerce enabled. Dover Tubular implemented a full complement of INVEX enterprise (ERP) software features, including…