FOR IMMEDIATE RELEASE:
New Service Packaging for Accounts Payable Invoice Processing
Eliminates Paper-Intensive Process
Fairfield, NJ (November 10, 2005) - Archive Systems,
the premier provider of Document Process Outsourcing (DPO) services, today announced the
release of ASPEN 360, a newly packaged service for accounts payable invoice processing.
ASPEN 360 converts the paper-intensive processes associated with invoice review and approval
into a ZeroTouch, paperless electronic process.
"With ASPEN 360 we're taking on the most labor-intensive elements of invoice processing,"
stated Rick Kushel, President and CEO of Archive Systems. “We receive paper-based invoices
directly from our clients' vendors, eliminating the need for people in the review and
approval process to ever touch an invoice again."
ASPEN 360 is transforming the burdensome task of manually processing
invoices into an effortless automated process. As a comprehensive, services-based solution,
ASPEN 360 handles every aspect of an organization's invoice processing. It integrates into
A/P processes from the beginning with invoice receipt and includes high-volume document
scanning and data entry, Web-based image hosting, workflow management services and reporting.
A/P professionals can view invoices throughout the review, approval and payment process
through secure, online access.
With desktop access to documentation, billing inquiries and other requests
for information can be responded to in seconds. In addition, Web-enabled self-service access
to invoices and payment status information is supported, reducing supplier inquiries and
increasing supplier satisfaction.
"This is the beginning of a new initiative to package our unique services
for specific markets," stated Kushel. "The initial roll out of APSPEN 360 to the Accounts
Payable market has been very well received as it addresses the challenges A/P departments
are facing to strengthen controls, drive out costs, and increase efficiencies."
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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