Solutions for Financial Services

 

 

 

 

 

 

 

 

 

 

 

 

 

Today’s banks, credit unions and insurance companies face a number of hurdles in purchasing and AP. We work with financial services companies of all sizes to help them get a grip on spending and improve AP processes on the back end. Our solutions also help financial institutions better manage assets,  inventory and facilities.

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CONTRACT MANAGEMENT, UTILIZATION & COMPLIANCE

Banks, credit unions and insurance companies often find it difficult to take advantage of the supplier contracts they’ve worked so hard to negotiate.

Features

• Be notified when contracts are coming due
• Generate reports that show which employees/offices are not using contracts
• Use online vendor catalogs that have negotiated terms built in
• Quickly and easily give new branches access to contracted vendor catalogs

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 STREAMLINE ACCOUNTS PAYABLE

Manually processing, coding, entering, routing and approving paper invoices is a slow and tedious process that can result in an inaccurate picture of current cash requirements.  To remove the bottlenecks of paper invoices, Verian offers e-invoicing via EDI/XML for your large-volume vendors and scanning/OCR, supplier portal or email for vendors with smaller invoice volumes.

Features

• Capture and merge all supplier invoices into your financial system, no matter how they come in
• Automatically parse and route monthly consolidated invoices for approval
• Use email and smart phones to speed approval
• Instantly gain more accurate accrual reports

LEARN MORE ABOUT VENDOR CONNECTIVITY

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EASE EXPENSE REPORTING

Expense reports can be an productivity drain for financial services companies. Our expense report solution makes it easy for both managers and employees to create, process, and approve expense reports.

Features

• Organize travel in TripIt, an online hub that organizes trip details into one online master itinerary
• Associate trips, travel expenses and receipts in just a few clicks
• Automatically calculate mileage reimbursement through Google Maps

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ENHANCE ASSET, INVENTORY  AND FACILITIES MANAGEMENT

Although assets are shown on balance sheets, many financial services companies don’t fully understand the full life cycle cost or know the location and warranty status of their assets.

Features

• Manage the life cycle cost and physical tracking of all assets
• Make staff aware of stock levels and ensure optimized inventory
• Make decisions based on real-time data

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