Vantage Third Party Billing
Third party billing has never been easier!
Create and track third party invoices quickly and easily and track payments without the need for complex and costly project accounting software.
Vantage Third Party Billing is designed to work seamlessly within Dynamics GP. Built in Dexterity, it is a fully integrated solution for Dynamics GP.
Use Vantage Third Party Billing to simplify your accounting processes for scenarios
such as:
- sales of medical devices fully covered under an insurance policy
- customer pays deductible only, another party (i.e. insurance) pays the balance
- direct government benefits or credit/rebate programs
- co-insurance pays a portion of the transaction
- partial or full coverage via a benefit plan from an employer
- co-pay arrangement, whereby the customer, the customer’s employer and the
insurance each pay a portion of the purchase
- contra payments (i.e. contractors and sub-contractors)
- blanket payments (another party pays on behalf of a client, such as an
accountant or lawyer)
- sales to affiliated companies or subsidiaries
- sales to franchisees
- special vendor claims and rebates
- supports multiple third party payments
The Workflow
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A Sale is Made
Sales entry is made. The ‘Third Part Billing’ option is selected from the Additional Menu. |
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Order is Entered
Third Party Details, customer’s account number and amount, are entered. Optionally, the
amount can be entered as a percentage of the customer invoice amount. |
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Invoice is Posted
Upon posting the sales invoice, Vantage Third Party Billing automatically creates the
required third party invoice and customer credit memo. |
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Review Invoices
Customer invoice can show the associated third party payment and an invoice is printed for
submission to the third party. |
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Easy Navigation
After posting, using Vantage Third Party Billing, you can easily navigate to the associated third party invoice and customer credit memo. |
Contact us today to get more information on how easy Third Party Billing can be.