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 Accounts Receivable and Paperless Invoice Processing
Business Process Automation, integrated workflow and process tracking solutions help accounts receivable customers address the challenges of manual data entry, manual paper routing, and the lack of coordination and transparency within traditional vendor invoice processing as part of the purchase-to-pay cycle.
Key features
- Automated paperless invoice entry, work assignment and prioritization
- Real-time tracking of invoices
- Flexible, automated task routing
- Consistent processing rules
- Controlled exception handling for canceled transactions and blocked invoices
- Duplicate invoice checking
- Invoice approval, with side-by-side view of original and captured data
- Process history and audit trail, with continuous tracking of process data and status
- Central point of information for all vendor invoice management processes
- Minimized number of keystrokes to complete accounts receivable process
- Dynamic work item descriptions and titles
- Reports on process time and volume, queued invoices, exceptions and blocks, due dates, discounts, scheduled payments
Benefits of Accounts Receivable integration
By taking keystrokes out of the process and bringing visibility to the cycle, you can see immediate additional return on investment. Users benefit from a fully optimized paperless process for effective financial planning, and strong buyer relationships
- Lower purchase-to-pay process costs by as much as 40–60%
- Receive and enter vendor invoices up to 65% faster
- Take full advantage of fast-payment discounts
- Prevent late and duplicate payments from receivables
- Improve response to vendor inquiries concerning invoice status
- Improve cash-on-hand planning
- Eliminate redundant ERS invoice processing
- Benchmark metrics such as vendor cost and employee performance
- Ready access to information for reporting and analysis to balance workloads and identify process bottlenecks
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+1 206 260 9091
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Suite 313