Monitoring of payment gridlocks
How does the Smart BI Platform - Payment Gridlocks work?
Our application allows you to monitor liabilities and payment gridlocks on an ongoing basis to support the management and analysis of upcoming payments and commitments as well as other areas related to working capital.
We offer both off the shelf solutions ("plug-and-play" dashboards), as well as we create tailor-made tools to best suit your needs and requirements.
The UOKiK regulations and sanctions justify the need to monitor the working capital and payment gridlocks
Every entity conducting business activity in Poland will encounter the payment gridlocks issues and the regulations introduced by the Act on counteracting excessive delays in commercial transactions.
The regulations introduced as well as the resulting sanctions and obligations justify the need for the ongoing monitoring and management of the working capital and payment gridlocks. The Smart BI Platform - Payment Gridlocks app is a Business Intelligence tool that meets these needs, enabling the monitoring of payment processes at every level of detail - from aggregated indicators (KPI) to individual invoices.
Functionalities
The Smart BI Platform - Payment Gridlocks app allows you to review the status of payments due within the next 90 days - along with the possibility of estimating the possible delays.
The historical payments module allows for post-hoc analysis, especially in terms of the number and value of payment delays in cooperation with individual contractors.
The Smart BI Platform - Payment Gridlocks app takes into account the potential penalties described in the regulations and includes an estimated calculation of the potential maximum amount of penalties for already completed delays.
Analysis of cooperation with contractors in terms of the value of settlements and timely payments from both current and historical perspective.
Dashboards contain definitions of key metrics and KPIs from a high level aggregation, as well as provide an insight into the details of each invoice - allowing for "top-down" analysis.
An extensive liability analysis module containing, among others, aging of liabilities, allows for better management of the planning and settlement process.
Analysis can be performed from the perspective of any point in time and for various periods including YTD, QTD, MTD, or the last 3 months i.e. 3MO.
The frequency of updating the data supplying the application, from daily to monthly, adapted to the infrastructure conditions of the Customer.
Benefits
A comprehensive analytical platform for payment gridlocks in one integrated tool.
Current insight into the state of payments in your organization for both executives/managers as well as analysts.
Counteracting the payment gridlocks and complying with the Act on counteracting excessive delays in commercial transactions allows for the minimization of penalties and sanctions.
Key elements of the Smart BI Platform - Payment Gridlock implementation process
IT environment analysis
We will analyze and prepare the client's environment and infrastructure to complete the project.
Purchase of Microsoft PowerBI
We will help and advise in the process of purchasing Microsoft PowerBI licenses (if you do not have one yet).
Data collection
We will connect to the source systems collecting data on invoices, payments and contractors in your organization.
Preparation of an access policy
We will prepare a structure of the access policies to the tool, adjusted to the needs of the organization.
Trainings
We will prepare and conduct user training on the use of the developed application.
Support in maintaining the tool
We will provide maintenance support for the developed application.
Pricing
- IT environment analysis
- Data collection
- Preparation of the data model
- Preparation of an access policy
- Training
Tool maintenance support | starting at PLN 10K PLN / month
Our intelligent BI platform - Payment Gridlocks can be implemented as an add-on to the payment gridlock module in our Taxolite tax automation app, which offers modules on tax processes improvement: VAT, CIT, JPK, white list, e-reports, e-invoices.
Find out more on the Taxolite website
Contact us
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