Invoice Workflow (EIPP- Electronic Invoice Presentment and Payment)
The AP function is now a focus because technology is changing the way this department functions. Automation is driving productivity and efficiency, as well as cost reduction. Corporate executives are beginning to view the AP department as a revenue source, rather than a cost center. Finance managers see how their AP department could be viewed as a strategic asset – strengthening relationships with suppliers and vendors, enhancing customer service and providing significant cost savings.
To ensure invoices are promptly paid and mishandling does not compromise hard-earned business relationships, organizations are becoming increasingly dependent on the benefits of an integrated invoice processing system.
ACT Invoice Workflow Offering
ACT acknowledges that AP processing requirements vary widely across organizations due to many factors such as size, invoice volume, ERP/Accounting System(s), and IT resources. To provide all of our customers the ability to recognize maximum ROI ACT provides three different types of AP automation solutions.
In House Solutions- Installed within our customer’s IT infrastructure
- Basware Invoice Automation Solution
- Kofax Invoice Scanning Solution - enables export invoices to workflow or document management software
SaaS (Software as a Service) – Web based solutions
- AvidXchange Invoice Workflow - 100% outsourced invoice scanning with SaaS based workflow
- SpringCM - Robust document management with Accounts Payable functionality
ACT’s expert consultants are available to provide an AP Process Assessmenttm to help your organization select the right solution. Please complete the AP Survey to have one of our consultants contact you.
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