Information Technology

The way your finance department manages AP and invoice processing is inefficient:

• Key invoice information is not captured
• Captured invoice information is not accurate or complete
• AP information is not timely
• Systems are poorly organized
• Financial decision-makers do not have access to key invoice information

With so much invested in your organization's ERP, an IT department cannot afford these problems.

That is why more IT departments are helping the finance departments deploy better solutions for automating accounts payable and invoice processing and tightly integrating them with their ERP. 

The best AP automation solutions incorporate the advanced technology IT departments crave:

• Digital mailroom functionality for aggregating any paper or electronic invoice on a single platform
• Robotic process automation retrieves invoices from an e-mail box, supplier portal, or FTP landing site
• Intelligent data capture for extracting and validating any invoice data with a high degree of accuracy
• Matching technology that allows a high percentage of invoices to be posted directly to an ERP
• Dynamic workflows that digitally route invoices for approval based on configurable business rules
• Online exceptions management tools that eliminate risky back-and-forth e-mails
• Seamless integration with any ERP, including Oracle, PeopleSoft, NetSuite, SAP, Infor and Sage
• Invoice analytics and business intelligence the reduce the burden on IT to create reports
  
  

AP automation solutions also meet the most rigorous security and compliance standards. 

And their cloud delivery model means finance departments can get started fast and with little risk. 

All this means that IT can help the financial users they serve automate AP while:

• Reducing operational overhead
• Avoiding big capital expenditures
• Steering clear of costly Professional Services contracts
• Safeguarding sensitive financial information at risk
• Bringing down data silos and eliminating Dark Data in AP
• Reducing the training and support burden on IT
• Decreasing the need for IT to create custom reports

Learn how IPS can help your IT group make AP automation a reality for the departments you serve.