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Barcelona, Spain – August 18th, 2010. Openbravo’s web-based Enterprise Resource Planning (ERP) solution for small and mid-sized businesses has announced the availability of the Advanced Payables and Receivables module.

This module simplifies and automates the business processes around the management of the cash flow to and from financial accounts, from the receipt and issue of payment, to the reconciliation of those events with bank statements. This module delivers an improved user experience that combines the power of an enterprise grade financial application with the simplicity and ease of a web 2.0 personal accounting service.

This new version strengthens the previous capabilities of the module by adding support for automatic creation of external payment documents and files. Users can leverage this “Payment Execution” to print checks and create payment instructions to a bank, or integrate Openbravo ERP with electronic payment platforms.

Read more about this module.