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You can achieve excellence across your accounts payable process
Most
companies still receive the majority of their invoices in paper format,
which when processed using traditional manual methods create
inefficiencies, long processing times, introduce errors, and limit
process visibility and control. Automation is the game changer.
Significant savings and control can be gained by scanning invoices
immediately upon their receipt, and automating data extraction and
downstream approvals and exception processing.
BRT’s Accounts Payable Solution (APSTM)
is straight forward to use and implement, and enables full automation -
from image capture through posting for payment. A flexible framework on
which a truly optimized AP process may be built, APS can address each
organizations unique processes and people, and maximize the use of
their existing technologies. This high performance platform is designed
to grow and change as company needs evolve, allowing them to achieve
best-in-class payable operations
Transforming invoices into digital images and data
At the front end of the process is a configurable capture platform that
ingests invoices and sorts them by vendor. Using advanced OCR
technologies, the system immediately begins finding and extracting data
such as purchase order number, invoice date, total amounts, line item
data and more. Once data is perfected, it is sent directly to an ERP,
or APS launches its own web based exception or approval processing
workflow for further processing.
Automating the process – rules based routing, matching, approval, reporting
Once invoices are captured and data is extracted and perfected, they
are put to work to, achieve significant time and cost savings. The APS
framework incorporates sophisticated web based business process
automation, which works in harmony with the ERP. Baseline best practice
PO, non-PO and exception processing workflows are configured to create
an optimal solution meeting each company’s unique requirements. Real
time reports and dashboards allow analytical and operational visibility
into every step of the process.
APS
automatically attempts to match invoices with approved purchase orders
on the header or line-item level. Failing on a high confidence match,
an approver is presented with all of the data needed to manually
complete a match. Onced match, data is posted to the ERP.
Enterprise class platform works for AP and beyond
The most efficient, flexible invoice processing solution available, APS
is build on EMC’s Documentum™ xCelerated Composition Platform (xCP).
Emphasizing configuration versus coding, APS combines accounts payable
best practice modules, fully integrated content management, ERP
integration, workflow, real time monitoring and reporting, and
intelligent image capture – all on a single unified platform.
Want
to know more? Check out our News and Events page for the latest free
webinar on Advanced Invoice Imaging and Approvals Workflow. In just one
hour you could save your organization a substantial sum.
Want to learn more? Reach out to the BRT Accounts Payable solutions team at info@brtsi.com, to schedule a discovery session.
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