Charlotte, NC -- November 14, 2007 -- Verian Technologies has released version 8 of ProcureIt, a web-based purchase-to-pay software that enables mid-to-large size organizations to capture, process and manage non-payroll spending in a single database.
The latest version of ProcureIt focuses on improving invoice processing and reconciliation as well as improved reporting, supplier communication and approval workflow. The main enhancements include:
- One-Step Invoice Entry - Using a common user interface, purchase orders (POs), work orders and non-PO invoices can be entered easily and without the requirement of selecting receipts for PO invoices.
- Intelligent Receipt Matching for PO Invoices - ProcureIt will identify matching receipts automatically based on the invoice total entered.
- Intelligent Discrepancy Resolution - ProcureIt will now evaluate each PO invoice for 2 types of discrepancies - receiving and financial. An enhanced discrepancy management engine provides the routing needed to have each type of discrepancy resolved by the correct user/department.
- Enhanced AP Dashboard - Reports such as invoices processed per person, invoices by type, invoices by number and value, and receiving discrepancy by department provide AP managers with instant visibility into daily and overall operations regarding invoice processing. Each report has "drill-down" capabilities allowing users to access the transaction level details for greater visibility.
"The newest version of ProcureIt can provide cost-saving functionality to the Accounts Payable department of any organization," said Brian Anderson, National Accounts Payable Manager for EMSC. "After thoroughly testing and implementing version 8, I believe anyone in AP should be excited about the enhancements in this release. From the easy to use data entry screen to reconciling a PO regardless of its status, processing time in Accounts Payable will be substantially cut."
Other enhancements within ProcureIt 8.0 include:
- Improved catalog requesting
- Dedicated return screen
- Enhanced product return capabilities
- Enhanced supplier communication capabilities
- Better reporting features.
"Listening to our clients tell us about how inefficient Accounts Payable was led us to build more robust invoice processing capabilities within ProcureIt," said Tehseen Ali, President & CEO of Verian Technologies. "The latest version of ProcureIt not only provides invoice processing capabilities but also enhances an organizations' ability to fully capture, manage and report on the entire purchase-to-pay cycle."
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For more information, contact:
Anna Rushing, PR Coordinator
1-704-602-3372 (office)
1-704-609-2740 (cell)
About Verian Technologies
Verian Technologies helps mid-and large-sized organizations control spending by providing easy-to-use solutions that automate procurement, invoice processing, employee reimbursements and asset management - capturing all expense data in a single database for analysis. ProcureIt, Verian's product suite, is one of the most widely adopted "procure-to-pay" systems among North American organizations. Verian was founded in 1996 and is headquartered in Charlotte, NC. The company's clients represent industries such as banking, insurance, healthcare, industrial services, construction, retail and public sector. Clients include Allstate Insurance Company of Canada, Emergency Medical Services Corporation, GNC Corp, and Whayne Supply. For more information on Verian Technologies, visit http://www.verian.com.
ProcureIt is a registered trademark of Verian Technologies, Inc.
