Looking for
a front-end to your Accounts Payable system that will capture
and process 100% of your inbound invoices, and give you:
- Increased AP department
efficiency and cost savings
- Greater visibility and control
over inbound invoices
- Faster and more accurate
invoice processing
To solve the most pressing problems
in Accounts Payable today — inefficiency, slowness,
inaccuracy, limited visibility and poor controls —organizations
need a one-stop shopping solution that quickly captures
and provides control over 100% of inbound invoices.
Current
Challenges |
How
We Help |
Value/ROI |
Limited
visibility into accruals
Takes too long to get approved invoices in
from the field
Poor control over payment timing
Excessive number of AP staff in clerical
roles
Invoice exceptions triple processing time
Too many duplicate payments
Undetected overpayments
|
Easy
invoice status inquiry
Flexible, automated approval workflow with
prompts and alerts
Support for centralized invoice processing
Integrated document imaging
Supplier Portal tool (EIPP)
Automated 3-way match through ERP system
integration
Intelligent duplicate
invoice detection capability |
Better
visibility into accruals so you can control cash outflows
and better manage working capital
Increased ability to take early pay discounts
(taking 2/10 Net 30 terms equals a 36% annual return
on the discounted money)
50% reduction in AP clerical staff within
2 years
Reduced cost per invoice from $34 to $5 on
average
Elimination of
duplicate and overpayments can equal 1% of payables
annually |
Verian Technologies'
Invoice Automation provides a blended approach
to capturing 100% of your inbound invoices using document
imaging/scanning, invoice entry services, a web portal and
industry — standard electronic invoice formats such
as EDI and XML.
Financial
management, not document management. Many imaging products
offer workflow, although they mostly focus on generically
routing scanned images. Verian approaches invoice processing
from a data-centric — not document-centric —
standpoint, with an emphasis on financial management. This
means you can:
- Quickly
calculate the accrued balance of open invoices
- Route
invoices for approval based on dollar amount or supplier
- Automate
the 3-way match process, including exception management
Invoice Automation offers highly flexible,
easy-to-configure automated workflow tools to accelerate,
strengthen controls over and gain visibility into invoice
processing. The workflow tools in Verian's Invoice Automation
solution were designed specifically for invoice processing
— unlike the generic, limited and hard-to-use workflow
tools bundled with document imaging systems.
For more information
on Invoice Automation, visit our website
to request additional information. We can also be contacted
directly via our toll-free number (800-672-8776) or email.
