Invoice Manager
Key Benefits
- Reduce the cost of the goods and services you purchase
- Eliminate paper
- Reduce cost-per-invoice
- Take early-pay discounts and avoid late payment penalties
- Eliminate duplicate & over-payments
- Avoid payment status inquiries
We simply take paper out of the equation
Avoid pushing paper invoices through your organization by storing, coding, matching and routing invoices digitally through an easy-to-use Web interface. Much like going from hand-written letters to email, our invoice processing software streamlines the accounts payable process, allowing your team to:
- Increase invoices processed per-clerk by up to 100%
- Capture early-pay discounts by approving invoices in under three days
- Increase AP accrual accuracy by 43%
- Recapture the 1% of spend that is lost to paying duplicate, inaccurate and fraudulent invoices
- Lower invoice processing costs by an average of $7.89 per invoice
Because every AP department is different, Verian will provide you an optimal mix of invoice processing software in an affordable, end-to-end solution that can meet all your needs – regardless of size, industry or invoice volume.
CAPTURE
Whether you process 1,000 or 60,000 invoices a month, we can help you design an invoice capture strategy that will speed data entry, lower labor cost and reduce entry errors. Our proprietary eMerge™ capture system accepts invoices in any format, from paper to EDI, and automatically routes them to the right people for coding and approval.
Capture Level of Ease Very High Speed of Adoption Very Fast
Exclusive Features
- Input by keying from image or invoice
- Entry through OCR (Optical Character Recognition)
- Quick enablement of electronic invoices in XML & EDI formats
- Vendors can create, submit and track invoices electronically
- Integrate to supplier networks – allowing suppliers to exchange invoices and confirm orders with buyers.
See more options to handle invoices.
WORK QUEUES
To make processing easier and faster, invoices can be separated into configurable work queues. Managers efficiently assign invoice batches to AP users/data entry operators. Invoices can be moved from one queue to another automatically or manually.
Work Queues Level of Ease Very High Speed of Adoption Very Fast
Exclusive Features
- Group invoices by user, vendor, location or batch
- Batch invoices by invoice source type like paper, electronic, portal, etc.
- Highlights discrepant invoices and moves to resolution queue
ADVANCED APPROVAL WORKFLOW
Verian invoice automation supports approval workflow capabilities that can meet a wide range of approval needs.
Approval Workflow Level of Ease Very High Speed of Adoption Very Fast
Exclusive Features
- Setup approval rules on financial, cost center and other attributes for non-PO invoices
- Setup advanced 2,3, and 4-way matching for PO-based invoices
- Approve or reject invoices by line item using email or smart phones
OPERATIONAL & ANALYTICAL REPORTING
Invoice Manager offers over 40 standard operational and analytical reports. You can also create your own custom reports with our report wizard.
Reporting Level of Ease Very High Speed of Adoption Very Fast
Exclusive Features
- Ad hoc report builder
- Provides clear audit trail of all invoice approvals
- Access procure-to-pay data using third-party
reporting tools - See More
