Accounts Payable (AP) is one of the most paper and time intensive process within an organization. As millions of invoices arrive, organizations face a lot of challenges in processing them manually. Manual invoice processing extends cycle time, and increases risk of errors and time involved in verification and approval of documents. Automating enables organizations to process invoices accurately and efficiently, and reduce the number of people involved in the process. NIIT Technologies’ Accounts Payable solution enables clients to easily, access, manage and process millions of invoices submitted to the organization. It provides various mechanisms for seamless integration with existing systems. It ensures swift processing, timely reimbursement and immediate release of approved payments. NIIT Technologies BPM (Business Process Management) is a solution suite that can also be used to automate other business processes too. Accounts Payable – Automating your Invoicing processes www.niit-tech.com Efficient invoice processing based on workflows and business rules. Better resource utilization Transparency and collaboration with suppliers Improved document management with regulatory compliance Manufacturing & Distribution Business Challenges Some of the critical challenges organizations faces are: • Different formats of paper invoices • Manual entry of invoice data (exposes organizations to data entry errors, high costs and extended time delays) • Slow verification and approval process leading to inefficient invoice processing • Delay in processing and release of payments • Document management – storing, searching and retrieving documents NIIT Technologies has implemented an automated electronic solution that enables clients to easily capture invoices, automate the data entry process, digitize the approval process and release payments electronically. It offers a user friendly interface with an innovative drag and drop modeling editor to process invoices.
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Accounts Payable – Automating your Invoicing processes · Paper Invoice Receiving Invoice Verification, Approvals, 3-way match & Data entry Document Management SAP. In the second
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Accounts Payable (AP) is one of the most paper and
time intensive process within an organization. As millions
of invoices arrive, organizations face a lot of challenges
in processing them manually. Manual invoice processing
extends cycle time, and increases risk of errors and time
involved in verification and approval of documents.
Automating enables organizations to process invoices
accurately and efficiently, and reduce the number of
NIIT Technologies Pte. Limited31 Kaki Bukit Road 3#05-13 TechlinkSingapore 417818Ph: +65 68488300Fax: +65 68488322
NIIT Technologies AdvantageNIIT Technologies is a global sourcing organization, providing
enhanced customer services. Our focus on select industry
verticals including Manufacturing and Distribution, Travel,
Transportation and Logistics (TTL), Banking and Financial
Services, and Insurance has helped us create differentiation
through specialization.
NIIT Technologies’ deep understanding of businesses has
helped clients handle millions of invoices per day providing
scalability, fault tolerance and availability. Our technology
expertise and business understanding ensures real time
tracking of invoices and multiple levels of administration,
authorization and access control.
A leading IT solutions organization | 21 locations and 16 countries | 8000 professionals | Level 5 of SEI-CMMi, ver1.2 ISO 27001 certified | Level 5 of People CMM Framework