Cloud-Based Tools for Metal Finance Teams

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