Never print, key or handle e-mail invoices again!

    Post electronic invoices without the need for human operator intervention.

     

    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:

    • Significantly reduce operational costs
    • Eliminate the chance of keying errors
    • Accelerate invoice approval cycles
    • Bring down data silos and achieve transparency
    • Free staff to focus on value-added activities

     

    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.

    And IPS guarantees 99.95 percent accuracy rate on the data it extracts.

     

    We can do this because of the advanced technologies we use for data extraction and verification:

    • Optical character recognition (OCR)
    • E-mail invoice extraction
    • Machine learning
    • Proprietary technology

     

    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.

    Want to see for yourself how easy it can be to post electronic invoices?  Contact IPS today!