IPS Productivity Wrx℠ makes it easy to post supplier invoices received via e-mail, file transfer protocol (FTP) upload or an online portal, without the need for human operator intervention.
Streamlining the posting of invoices received electronically delivers tremendous benefits:
IPS Productivity Wrx℠ leverages advanced technologies such as robotic process automation (RPA), machine learning and business intelligence to achieve its high level of straight-through processing.
Accounts payable robots (or “bots”) log into an e-mail box, FTP site or online supplier portal to retrieve invoices for processing. Suppliers also can use an online portal built into the IPS Productivity Wrx℠ platform to submit invoices electronically or to “flip” purchase orders (POs) into electronic invoices. The result is that all invoice processes are centralized onto a single platform.
We can do this because of the advanced technologies we use for data extraction and verification:
IPS Productivity Wrx℠ also matches invoice data against a PO. Matched invoices are seamlessly uploaded to any ERP application, including SAP, Oracle, PeopleSoft and Infor.
Unmatched invoices, or those without a PO, are digitally routed for approval based on configurable business rules. If any data required for approval is missing from an invoice (such as a PO number), IPS Productivity Wrx℠ sends an e-mail to the supplier’s billing department. The supplier then clicks a link, inputs the required information and re-submits the invoice. The data input by the supplier is validated in real-time, eliminating the possibility of back-and-forth e-mails.
IPS Productivity Wrx℠ securely archives the image of each invoice and its associated data.
All this means that your accounts payable departments won’t have to print out, key or handle invoices received via e-mail, FTP upload or a supplier portal.