Employee Expense Management
Expense entry and advance and expense transactions.
Finance Management
Advance ManagementTrack order, salary and business advances separately
Advance Management separately manages order advances received from customers and paid to suppliers, and salary and business advances given to employees.
Manages order advances received and paid, as well as salary and business advances. Simplifies advance approval and payment processes.
Which challenges does Advance Management address?
- Order advances received remain open without being closed against an invoice.
- Salary advances are not reflected correctly in payroll.
- Nobody knows which expenses closed out a business advance.
Key features
The 4 features in Advance Management and the packages each one is offered in.
- Order Advances ReceivedIncluded from Mid-sized Business
- Order Advances PaidIncluded from Mid-sized Business
- Salary AdvancesIncluded from Mid-sized Business
- Business AdvancesIncluded from Mid-sized Business
Comparison by package
"Included": part of the package. "Add-on": can be added as an option. "Higher tier": not part of this package; available by upgrading to a higher tier.
| Feature | Micro Business | Small Business | Mid-sized Business | Large Business | Corporate | Enterprise | Tailored |
|---|---|---|---|---|---|---|---|
| Order Advances Received | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Order Advances Paid | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Salary Advances | Higher tier | Higher tier | Included | Included | Included | Included | Included |
| Business Advances | Higher tier | Higher tier | Included | Included | Included | Included | Included |
Source: Factorbooks product and package scope list. For current pricing and additional requirements, request a quote.
Advance Management: frequently asked questions
Which packages include Advance Management?
All features are included from Mid-sized Business. See the comparison table on this page for package-level details.
Which modules is Advance Management used with?
Advance Management runs on the same platform as these modules: Employee Expense Management, Approval Management, Human Resources.
How do I request a demo of Advance Management?
Just mention the module you are interested in and your needs in the demo request form. Our sales team will prepare the demo around this module and the related processes.
See Advance Management in a live demo
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.