INTERNATIONAL RESEARCH JOURNAL OF MULTIDISCIPLINARY TECHNOVATION (IRJMT) http://www.mapletreejournals.com/index.php/IRJMT Received 20 March 2019 ISSN 2582-1040 Accepted 23 March 2019 2019; 1(2); 43-50 Published online 25 March 2019 Payment Tracking System T. Sakthi Sree 1* , T.K.P. Rajagopal 1 , S. Ananthi Priya 2 , M. Ganesh 2 , V. Venkatesh 2 , M. Yogeshwaran 2 1 Associate Professor, Department of Computer science & Engineering, Kathir College Of Engineering, Coimbatore, TN, India 2 UG Students, Department of Computer science & Engineering, Kathir College Of Engineering, Coimbatore, TN, India *Corresponding author E-Mail ID: sakthisree@gmail.com DOI: https://doi.org/10.34256/irjmt1925 ABSTRACT Payment Tracking System is a web-based application for tracking and managing the payments for various vendors. It provides a single point of contact that consolidates payment requests from the accounts department to the top management to deliver the supplier payments on time, using integrated best practices to manage operations and services. It offers integrated Transaction Management capabilities like Ledger view and Hold/Release Payments. It ensures visibility, insight, isolation and faster resolution of Payment related issues for any type of organization by providing the right information at the right time as required by the user. For both models, we design incentive resource allocation mechanisms to maximize the social welfare. Theoretically analysis shows that the proposed mechanisms are truthful for general monotonic profit functions and the worst-case performance on the social welfare are well-bounded within a constant factor of the optimal solution for linear profit functions. Simulation results also demonstrate that the performances of the proposed mechanisms are very close to the optimal solution, in terms of maximizing the social welfare. Keywords: Payment, Incentives, Approximation, Cloud computing, Resource allocation. 1. INTRODUCTION Payment Tracking System is a web-based application for tracking and managing the payments for various vendors. It provides a single point of contact that consolidates payment requests from the accounts department to the top management to deliver the supplier payments on time, using integrated best practices to manage operations and services. It offers integrated Transaction Management capabilities like Ledger view and Hold/Release Payments. It ensures visibility, insight, isolation and faster resolution of Payment related issues for any type of organization by providing the right information at the right time as required by the user. The purpose of the project will be a Web-based system for tracking the payments made to the suppliers and keep a hold on the upcoming cheques (PDC) which is issued to the suppliers towards the receipt of invoice. The system also provides the solution for discrepancies in the payment made; the enhanced Ledger Module will provide the clear view of the entire transactions. This project uses PHP with HTML and CSS as front end and it has the following features. The primary aim of this software is to provide an improved design methodology, which envisages the future expansion, and modification, which is necessary for a core sector like manufacturing industries. This necessitates the design to be expandable and modifiable and so a modular approach is used in developing the software. The software has been developed using the most