CA APM lets you track financial information associated with assets and legal documents, including costs incurred and payments made over the lifecycle of an asset or legal document. Tracking costs and payments helps reduce the risk of overpaying or underpaying vendors and suppliers. This information is also useful when deciding about future equipment purchases and deployment.
In addition to tracking cost-related information for assets and legal documents, use cost records with payments to create payment schedules. The schedules can help you make timely payments and reduce the risk of overpayment.
Cost records store information about costs and billing, payees, recurring charges, and one time charges. Payment records maintain information about individual payments related to a specific cost. A payment record also calculates and displays the total scheduled payment amount, total amount paid, and the balance due for a given cost. A payment record can represent a one time payment of the full cost or partial payments.
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