The average company pays hundreds of thousands (if not millions) each year to process invoices, perform purchase order matching, address defects and respond to vendor enquiries. This doesn’t even account for late payment penalties, missed discounts, duplicate payments and reworks. With today’s increased focus on cost reduction and improved fiscal management, enterprise executives are realising the positive effects of automating the full receipt-to-payment process.

BancTec’s AP Invoice Processing Software as a Service (SaaS) is specifically designed to address the challenges that exist at every stage of the accounts payable process — allowing companies to reduce costs, increase control, maximise efficiency and focus on core business tasks.

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