The FAP data model is built around three core areas — Suppliers, Transactions, and Payment Schedules — with supporting entities for supplier sites, site uses, and transaction holds. Understanding how these relate is the key to understanding how Raytio tracks accounts payable.
Raytio's Financials – Accounts Payable (FAP) module manages supplier accounts, supplier transactions, and payment obligations. It tracks who your suppliers are, what you owe them, and how payment schedules are generated.
Suppliers often operate at multiple locations, and each location may serve a different business purpose — one site for purchase orders, another for receiving payments. FAP handles this with a two-level hierarchy: supplier sites and supplier site uses.
A Supplier is the central entity in the FAP module. It represents a financial relationship with a party — the entity you receive invoices from, owe payment obligations to, and manage payables for. Every supplier references a party in the PRM (Party Relationship Management) module, linking the accounts-payable record to the broader party identity.