Purchasing Card

01.

Daily Bank Feeds

Electronically load daily bank feeds into the application and allow users to view, reconcile and code them. Create daily encumbrances with the amounts.

02.

Upload External Sources

Offers the ability to extend beyond purchasing cards. Upload information from any source such as mobile phone bills to allow users to view, reconcile and post.

03.

Post to ERP

At the end of the billing cycle, upload all transactions into the accounting system to create actuals.

How it Works

FAST Purchasing Card enables a daily bank feed of purchasing card charges to be uploaded and then end users can view, edit and split their charges using their chart of account information based on row level security. Users can also import daily or monthly feeds from other external sources such as cell phone bills, electricity charge backs and any other electronic feeds you want to enable. Cards can be set up with department level security and access, allowing multiple cards to be viewed by managers. The data integrates with FAST Finance and your ERP system allowing the daily feeds to be set up as commitments, then converted to actuals at the end of the month when the bill is paid.

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Features

Purchasing Card features include:

Allows for daily bank feeds of purchasing card charges

Allows for daily or monthly import of external charges such as cell phone bills, electricity charge backs etc

Users can edit transaction details or split transactions using their chart of account information based on row level security

Provides secure central access to Purchasing Card reporting and management tools

Administrators can deal with suspended transactions before they are posted

Administrators can post month end batches directly to ERP systems

Integrates with ERP Finance modules

No re-training when changing banks

Set cards up with department security and access

Multiple bank feeds are supported

Custom reporting and dash boarding features

Rapid Deployment

100% web-based and platform independent. Accessible using current web browsers including Edge, Chrome and Safari.

No client software to install and maintain. Timely data is in the hands of people who need it, when they need it – and no printing required.

Remotely installed by Millennium, FAST can be installed and operational in a single day. It’s also easy to customize to fit the needs of your institution.

Installation, business rules, customizations, maintenance and support are all included in the purchase price and annual maintenance package.

Features Included With Every Module

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Access the data you need when you need it.

Sound too good to be true? It’s not. Millennium FAST software makes it possible. We’ve been improving Higher Education Administration functions for over 20 years. Use our delivered reports, or build your own with our flexible toolkit. You’ll be up and running in days, not weeks or months!

Contact us for a no obligation live demo today, and see for yourself!

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