The Problem:
 As
organizations look to drive down costs and improve efficiency,
manual and time-consuming processes are an ideal place
to start. Accounts Payable (AP) departments in today's
global organizations operate under increasingly strict
and fluctuating requirements. From satisfying external
customer demands, to meeting increasingly stringent financial
controls and internal margins, much depends on the success
and efficiency of the AP team.
Accounts payable (A/P) processes are most often distributed
in nature, require approval on many levels, and generate
huge volumes of paper and electronic documents that are difficult
to effectively manage. Technology is changing the way AP
departments function. Automation is driving productivity
and efficiency, as well as cost reduction.
Solution:
Digital Storage Solutions’ A/P Solution combines the capture capabilities
of Kofax’ award-winning Ascent for Payables with the ease of use found
in Digitech Systems’ PaperVision Enterprise to deliver true A/P progress.
Our solutions provide organizations with unparalleled automation, visibility,
and control of the AP process, giving companies the ability to realize significant
benefits: reduced AP cycles, streamlined efficiencies, enhanced accountability
leading to optimized corporate performance.
Our Solution offers a compelling solution whether you need
to capture simple data such as an invoice number or you need
to extract line-item information from an unlimited number
of fields. The solution gives you the ability to automatically
match purchase orders with invoices, eliminating labor intensive
manual matching. When combined with the ability to route
information electronically across the enterprise for rapid
approval and processing, the solution streamlines the processing
and approval of invoices and associated transactions, while
leveraging enterprise resource planning (ERP) and line-of-business
(LOB) applications. As a result, Digital Storage Solutions
allows companies to reduce operational costs, comply with
regulatory requirements, and improve customer and vendor
service.
Links:
 Take
the A/P Survey today to see how much your company can save!
Register
for our Free Informational Webinar!
Learn
how a leading Rental Company saved 450% using Ascent for
Payables!
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- Reduces invoice sorting and paper handling
- Process invoices more accurately with increased
automation
- No lost invoices
- Minimizes on-site storage requirements
- Offers tight integration with back-end systems,
allowing active validations and lookups, and fully
automated releases
- Allows invoice routing through an image-enabled
workflow
- Automatically captures fields for indexing
- Applies business rules and logic for validation
- Provides multiple output streams to simultaneously
populate archival/retrieval systems and image-enabled
workflow
- Distributes retrieval of invoices and associated
documents to auditors or responsible departments,
removing the burden from AP
- Deliver data directly into your ERP system in
a fraction of the time by using business rules to
automatically validate data and deliver images to
the rest of your AP process
- Improve analysis of accounts payable metrics
- Automate invoice routing and sorting, designate
workflow steps to sort and route invoices based on
user roles, authorization rules, and predefined timelines
- Integrates with leading ERP/Accounting software
applications
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