On-demand Solution Offers a Cost-Effective Approach to Accounts Payable Automation
Fairfield, NJ (October 15, 2008) - Archive Systems, a leading provider of accounts payable automation, today introduced another addition to its suite of ASPEN 360 Accounts Payable solutions - the AP-Select Approver Edition (AP-SAE). AP-SAE provides AP Departments of small and medium size businesses with a complete workflow solution at an affordable, pay- as-you-go model.
"We've eliminated the barriers to entry for small to medium companies that want to implement an accounts payable automation solution. With AP- SAE, they are able to take advantage of workflow technology typically found in solutions used by Fortune 500 companies, but at a fraction of the cost," stated Dave Craig, President of Archive Systems. "This feature-rich solution also let's them get started immediately. It's delivered through a Software-as-a-Service model, so there's no hardware to install, support, and upgrade, and no software to modify, implement, and maintain."
AP-SAE includes pre-built workflows, reports and monitors that address all aspects of receiving, routing, tracking and posting invoices. Invoices are scanned, indexed and stored in a centralized repository, and routed automatically to the requestor for approval and coding. The invoice is then programmatically routed using the company's delegation of authority rules. After final approval and review by Accounts Payable, AP-SAE feeds the data into the company's ERP or AP system. Companies can also take advantage of the ASPEN 360 Invoice Virtualization Center to offload the clerical tasks associated with scanning and indexing invoices.
With AP-SAE, processors can handle up to 70% more invoice volume and resolve discrepancies quickly in real time with Web-based access to invoice information. Billing inquiries and requests for information are also handled in seconds with desktop access to all pertinent documentation.
"Finally, small and medium size companies are able to take the next step on the accounts payable automation continuum, moving from back- end imaging to imaging and workflow. They gain an affordable, AP imaging and workflow solution that integrates best practice routing rules. When a client needs to add more advanced features, they can easily expand to one of our more robust solutions. We help them make the seamless transition to automated AP processes," added Mr. Craig.
