IPS, a arch provider of solutions that digitally transform the accounts payable action end-to-end, appear today that its Productivity Wrx℠ belvedere is adopting the bar for announcement invoices straight-through after the charge for animal abettor intervention.
SECAUCUS, N.J., Oct. 15, 2019 /PRNewswire-PRWeb/ — IPS, a arch provider of solutions that digitally transform the accounts payable action end-to-end, appear today that its Productivity Wrx℠ belvedere is adopting the bar for announcement invoices straight-through after the charge for animal abettor intervention.
IPS will advertise Productivity Wrx℠ in berth 501 at the Institute of Finance & Administration Fall AP & P2P Conference & Expo, October 15-17, at the Westin Kierland Resort in Scottsdale, AZ.
IPS Productivity Wrx℠ users are announcement an boilerplate of two-thirds of the invoices they accept via e-mail, book alteration agreement (FTP) upload or a supplier aperture anon to their action ability planning (ERP) belvedere or added arrangement of almanac after the charge for animal abettor intervention.
Best-in-class accounts payable administration column 65.3 percent of the invoices they accept anon to their ERP platform, after the charge for animal abettor intervention, according to Ardent Partners’ “The State of ePayables 2019: Driving Amount in the Age of Intelligence.” All added accounts payable departments column 19.2 percent of the invoices they accept straight-through, Ardent Partners reports.
The touchless announcement of invoices accustomed via e-mail, FTP upload or a supplier aperture enables accounts payable departments to decidedly abate operational costs, annihilate the adventitious of keying errors, advance balance approval cycles and chargeless agents to focus on value-added activities.
“Accounts payable departments shouldn’t accept to touch, manually key or anytime book invoices accustomed as paper, e-mail, FTP upload or a supplier portal,” said IPS Founder and CEO Greg Bartels. “IPS Productivity Wrx℠ delivers on the affiance of cyberbanking invoicing by enabling accounts payable departments to beat best-in-class industry benchmarks for announcement invoices after animal abettor intervention.”
IPS Productivity Wrx℠ leverages avant-garde technologies such as automatic action automation (RPA), apparatus acquirements and business intelligence to accomplish its aerial akin of straight-through processing.
Accounts payable robots (or “bots”) log into an e-mail box, FTP armpit or online supplier aperture to retrieve invoices for processing. Suppliers additionally can use an online aperture congenital into the IPS Productivity Wrx℠ belvedere to abide invoices electronically or to “flip” acquirement orders (POs) into cyberbanking invoices. The aftereffect is that all AP processes are centralized assimilate a distinct platform. IPS Productivity Wrx℠ uses optical appearance acceptance (OCR), e-mail balance extraction, apparatus acquirements and proprietary technology to abstract and verify abstracts from anniversary balance according to pre-defined business rules. Balance abstracts is again akin adjoin a PO. Akin invoices are seamlessly uploaded to any ERP application, including SAP, Oracle, PeopleSoft and Infor. IPS Productivity Wrx℠ additionally integrates with supplier announcement systems to bear abundant remittance data.
Unmatched invoices, or those after a PO, are digitally baffled for approval based on configurable business rules. If any abstracts appropriate for approval is missing from an balance (such as a PO number), IPS Productivity Wrx℠ sends an e-mail to the supplier’s announcement department. The supplier again clicks a link, inputs the appropriate advice and re-submits the invoice. The abstracts ascribe by the supplier is accurate in real-time, eliminating the achievability of back-and-forth e-mails.
IPS Productivity Wrx℠ deeply athenaeum the angel of anniversary balance and its associated data.
Suppliers and centralized stakeholders such as buyers, accounts payable, accounts receivable, collections and sales and business can use the IPS Productivity Wrx℠ supplier aperture to instantly admission actionable insights such as the absolute cardinal of invoices received, the absolute amount of invoices received, absorb by unit, class and supplier, the allotment of invoices angry to a acquirement adjustment and more.
About IPS IPS provides agenda solutions that transform business applications such as accounts payable, telecommunications amount administration and business action automation. IPS’ flagship Productivity Wrx℠ belvedere makes agenda transformation a absoluteness for businesses by accumulation technologies such as able abstracts capture, automatic action automation, apparatus learning, business intelligence and adaptable with IPS’ incomparable ability and acquaintance in business action automation. Anniversary year, IPS processes added than $100 billion in accounts payable absorb and has created over 1 billion agenda annal over the accomplished decade. IPS enables its audience to abate costs, decidedly advance aeon times, advance accuracy and enhance chump service.
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