ABN AMRO tends to simplify its Purchase Order Manager system in order to provide online PO issuance, invoice matching, authority-to-pay functions and payment and settlement under letter of credit. This year it is going to get over $3 billion in it.

 

ABN AMRO promoted its MaxTrad global trade portal to help clients develop operating efficiency and run working capital better. MaxTrad’s PO issues electronic receipts and discrepancy reports for POs and matches invoices and handles transaction reconciliation and payment. It allows trading entities to reach faster invoice approval times and lower A/P processing costs within integration with a corporate’s trading partners.

 

This system makes no problem in integration with users’ back-office or ERP systems, it doesn’t disrupt current trade processes and can be customized to produce tailored reports or e-mail alerts.