Manually intensive accounts payable procedures significantly impact a business' bottom line, with companies spending huge amounts each year processing invoices, performing purchase order matches, addressing defects and responding to vendor inquiries.

BancTec's Consolidated Invoice Processing Services (CIPS) and Accounts Payable (AP) automation hosted solution, AP Master®, enables enterprises to significantly lower the processing cost per invoice and gain improved financial management. These advanced services, effectively automates your full accounts payable process via a fully secure AP hosted (SaaS) platform. Services include converting invoices to digital format, capturing invoice data, full AP workflow approval and posting payment information to your ERP application.

Automated data capture and validation processes eliminate repetitive data entry tasks and guarantees your valuable information is captured accurately. BancTec's user-defined workflow further reduces costs by streamlining your AP processes to ensure faster and more accurate invoice throughput. On-screen work lists notify employees and supervisors of important approval tasks and payment due dates, to ensure payments are made on time and to take advantage of better cash flow management. Customised reports provide increased visibility into cycle times, bottlenecks, employee productivity and allow for workload balancing and month-to-month and year-to-year analysis.

BancTec's AP Master offers the best choice on the market for handling accounts payable procedures, reducing costs and letting you focus on what you do best: your business. Our AP Master can be customised to address any company's specific needs and requirements, or BancTec can even handle complete outsourcing of transactional tasks. We help ease the burden of managing non-core operations, enabling you to take a more strategic view - ensuring accounts payable activities contribute to your company's bottom line objectives.

FEATURES

• Flexible, pay as you use, outsource service
• Secure receipting, post opening and document preparation
• High speed, quality assured scanning of invoices
• Unique invoice classification and ID
• State-of-the-art line item capture and balancing capabilities
• Full adherence to client SLA requirements
• Secure transmission of information to host application or ERP system
• Dashboard monitoring and reporting of processing tasks and results