IPS digitizes and simplifies the invoice-to-pay process end-to-end:
- Aggregate, capture and validate any paper or electronic invoice from suppliers, including e-mail and e-invoice
- RPA and machine learning technology that free staff from manual tasks with touchless invoice processing
- Achieve guaranteed 99.95% invoice data capture accuracy
- Digitally route invoices for approval based on configurable business rules
- Support remote workers and workers on-the-go with mobile approvals and mobile analytics
- Leverage collaborative online functionality with suppliers for managing exceptions
- Access real-time dashboards with user-defined graphical depictions of key AP metrics
- Seamlessly upload invoice information on approved invoices to any legacy ERP, including SAP, Oracle, NetSuite, Sage and Infor
- Electronically pay suppliers in their preferred method and earn rebates on card spend
- Ensure compliance and security with invoice audit trails and comprehensive accounts payable administrative tools
The IPS invoice automation solution delivers significant operational and financial benefits:
- Increase profit margins by reducing AP staff workloads up to 80%
- Reduce late-payment penalties with visibility into invoices pending review or action
- Improve cash management and spend analysis through enhanced visibility
- Avoid profit leakage with greater payment accuracy and fewer duplicate payments
- Lower the cost of goods with optimized early-payment discount opportunities
- Extend the value of ERP investments with seamless upload of invoice information
- Generate working capital through electronic payments to suppliers
- Streamline audit and compliance with configurable reporting