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

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