Usual Vital Processes within Finance
- Billing & Revenue Collection
- Critical Supplier Payment
- Debt Service Management
- Emergency Invoice Processing
- Payroll Processing
- Tax & Social Contributions Payments
- Bank Reconciliation & Cash Management
One successful Vital Process:
Critical Supplier Payment
One of the most critical financial processes during a crisis is ensuring that key suppliers get paid, avoiding supply chain disruptions that could impact production and service delivery.
A leading manufacturing company used Astran’s AlwaysReady® platform to secure Critical Supplier Payments, ensuring uninterrupted procurement, even during a major IT outage.
Key steps in the process
1
Analysis of Validated Invoices
Identifying due payments.
2
Analysis of Non-Validated Invoices (if applicable)
Reviewing pending approvals.
3
Bank Payment Execution
Transferring funds securely.
4
Recording Payment & Rejections
Ensuring tracking and compliance.
5
Treasury Notification
Keeping stakeholders informed.
6
Audit & Comments
Providing a full traceable record.
Finance Vital Function, AlwaysReady®
"Astran protects our most vital financial and HR data while keeping it available at all times. And the most impressive thing is how quickly we implemented the Astran solution, in less than two weeks"
