Approval Workflow
Invoice Automation offers highly flexible, easy-to-configure automated workflow tools to accelerate, strengthen controls over and gain visibility into invoice processing.
| Challenges | Too many duplicate payments |
| Invoice exceptions triple processing time | |
| Takes too long to get approved invoices in from the field | |
| How Verian Helps | Automated 3-way match through ERP system integration |
| Exception resolution automation | |
| Flexible, automated approval workflow with prompts and alerts | |
| Value/ROI | Eliminations of duplicate and overpayments can equal 1% of payables annually |
| Reduced cost per invoice from $34 to $4 on average |
Verian’s Invoice Automation solution has workflow tools that were designed specifically for invoice processing — both purchase order related invoices and non-purchase order related invoices.
Purchase Order Related Invoices:
- Integrates with your ERP system to facilitate 2- or 3-way matching
- Allows you to define invoice exceptions by setting tolerance levels — by dollar amount or percentage, including or excluding tax and freight
- Detects and intelligently routes invoice exceptions
- Handles routing exceptions differently from financial exceptions
Non-Purchase Order Related Invoices:
- Approval routing based on multiple criteria including supplier, dollar amount, location, organizational hierarchy, etc.
- Assign account numbers and even distribute invoice line items to multiple account
numbers — all which are kept in sync with your financial system’s chart of accounts - Leverage your existing email system for notifications and alerts
- Approve or reject an invoice — or individual line items — directly from a PDA