Cloud-Based Tools for Metal Finance Teams

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

INVEX Metal ERP – Implementation Services Now Available in Spanish

Dallas, TX – INVEX, the cloud-based metal industry ERP software for metal service centers and metal distribution is now available with implementation services that can be provided in Spanish. The INVEX web-based platform comes fully integrated with metal-specific e-commerce functions and can be implemented at a steel service center quickly with few, if any, modifications….