Streamlining Accounts Payable, improving cashflow
Just-in-time purchasing improves cashflow by reducing stock on hand. However, achieving efficient stock control requires reliable suppliers and fast, accurate supplier invoice processing.
Whichever system your business employs, the key objective is for payments and goods received to correctly reflect the order. This is typically achieved by manually checking documentation. But, if your business processes thousands of invoices, manual checking remains unreliable.
Payable Processes
Document Manager streamlines Accounts Payable by processing all inbound and outbound documents electronically. This enables faster order and invoice approval through online invoice presentation and document workflows that enable users to quickly cross-reference documents to identify discrepancies and resolve disputes.
Features and Benefits
Accurate invoice document capture
Reduced administration requirements
Manual or automated content indexing
Cross-referencing invoices with GRN/PO details for accuracy
Direct integration with core finance and back office solutions
User-definable workflow for approving payments etc.
Elimination of hard-copy files and unnecessary paper chases
Presentation to internal/external users via Web interface
Admissibility of data in UK courts for disputes etc.
Ability to comment and annotate images as required
Vast storage capacity and compression ability, making best use of IT infrastructure
