Supplier Advance Payments in Construction Industry

Supplier advance payments are often mismanaged, leading to reconciliation issues, cash flow gaps, and compliance risks.

This solution enables construction and EPC companies to configure advance payment terms, automatically deduct advances from invoices, and track balances in real time.

Key features include:
- Configurable advance payment terms by supplier and contract
- Automatic deduction from subsequent invoices until advance is recovered
- Real-time balance tracking and reconciliation reports
- Alerts for overdue recoveries
- Seamless integration with procurement and payables

Value delivered: Stronger cash flow control, reduced disputes with suppliers, and improved compliance with contract terms.