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.
Technology is changing the way AP departments function.
Automation is driving productivity and efficiency, as
well as cost reduction. To ensure invoices are promptly
paid and mishandling does not compromise hard-earned business
relationships, organizations are increasingly depending
on the benefits of an integrated AP solution with their
ERP, accounting, workflow and/or document management business
applications.
Ascent for Payables provides organizations unparalleled
automation, visibility, and control of the AP process,
giving organizations the ability to realize significant
benefits: reduced AP cycles, streamlined efficiencies,
enhanced accountability and optimized corporate performance.
Ascent for Payables offers a compelling solution whether
you need to capture data such as an invoice number or
you need to extract data from an unlimited number of fields.
The solution gives you the ability to automatically match
purchase orders with invoices, eliminating labor intensive
manual matching.
The solution includes advanced recognition technology
that dramatically reduces the keystrokes required to enter
data. The data can be delivered directly into your ERP
system, immediately, by using business rules to automatically
validate data and deliver images to the rest of your AP
process.
Ascent for Payables includes a tightly integrated connection
to your ERP system, so captured data is available immediately.
You can also apply business logic and complex validation
rules.
Invoices in Information out
Significantly Reduce Costs and Increase
Corporate Profitability with Ascent for Invoices
IMMEDIATE COST SAVINGS FOR RAPID RETURN ON INVESTMENT
Dramatically reduce manual
keying of invoice data by skilled accounts payable personnel,
allowing them to focus on profit- optimising functions:
» take advantage of early payment
discounts, usually between 2% - 5%
» avoid late payment penalties
» identify billing errors
» improve analysis of accounts payable metrics
Secure Digital Storage Ensures INSTAND Retrievability,
TOP Productivity
» Invoices are securely stored
in digital format upon receipt
» Appropriate staff have immediate access to the
invoice image and associate data
» Invoices do not get lost, misplaced or linger
in an individual's mailbox
» In the case of an audit or legal dispute, archived
invoices are retrieved in seconds - unlike expensive paper
storage, where retrieval is slow and often subject to
human error (misfiling, lost documents)
Ascent For Invoices Capture Platform: Kofax Ascent Capture
and VRS
» Ascent for Invoices is based
upon Kofax document capture technology, ensuring unparalleled
performance and scalability.
» Kofax products set the standard in professional
document and data capture and are used by more than 10,000
organisations worldwide.
» Kofax is a DICOM Group company
Integrate With Back-End ERP & Accounting Systems For
Maximum Benefit
» Compare invoice table line
items to purchase ledger and/or warehouse information;
invoices containing discrepancies receive specialist processing
» Route high-value invoices for management approval
» Auto-schedule payment of invoices using rules
that maximise the cash cycle by taking advantage of discounts
and supplier payment terms
