FOR IMMEDIATE RELEASE:
Discussion Will Focus on Automated Three Way Matching and Vendor Portals
Fairfield, NJ (April 7, 2009) - Archive Systems, a leading provider of accounts payable automation, today announced that the company will be presenting a session on using technology to streamline the purchase to pay process with automated three way matching and a vendor portal at the IAPP University. The conference will be held on April 19th to the 23rd in Orlando, Florida.
The presenter during the session will be Rob DeVincent, Archive Systems' Vice President of Product Marketing. He will explore how to do more work with better efficiency and less AP processor involvement by implementing technology. Participants will also learn about the two key areas that seem to have automation gaps in the P2P process – the three way matching function and vendor customer service on invoice payment inquiries.
Implementing new ERP systems has allowed AP departments to become more automated in matching the purchasing and receiving functions. The session will cover the elusive part, which has always been the invoice component of the three way match. This is because the paper invoice needs to be converted to electronic data to truly automate the match. Additionally once these invoices are paid, handling vendor inquiries about payment status can take up a lot of a processor's valuable time. DeVincent will also explain how a Vendor Portal can be used to free up that time to focus on processing invoices.
"We are looking forward to participating in the IAPP University. I believe the attendees will find the session to be very informative. It will include the problems with ERP matching approaches, key elements of a strategic three way matching approach, the benefits of Straight Through Processing, and best practices in matching exceptions," added DeVincent.
In addition to the session, Archive Systems will be located at booth #419 to demonstrate ASPEN 360 Accounts Payable Edition. This AP automation solution combines industry best practices with ZeroTouch™ AP imaging and workflow. It focuses on enhancing exception process handling. This streamlines the AP processor’s role by providing the workflow tools and matching information necessary to resolve the exceptions in a timely manner.
About Archive Systems, Inc.
Archive Systems delivers products and services that enable organizations to manage paper and digital documents. The company provides a bridge to a paperless future by uniting traditional records management services with cloud-based Virtual File Room technology. Records management services range from physical business records storage and secure document shredding to digital document conversion services and on-demand Virtual File Delivery. Archive Systems' flagship document management platform, ASPEN, automates and optimizes complex document-based processes, and manages the flow of work throughout an organization. ASPEN Accounts Payable automation combines AP best practices with ZeroTouch AP imaging and workflow. Additional ASPEN Virtual File Room applications support document centric areas such as human resources, vendor management, and contract and lease management. These technologies, combined with Archive Systems document services, capture, store, route, and archive documents online – improving efficiency and accuracy while lowering costs. Archive Systems is changing the way the world manages documents. For more information, please visit www.archivesystems.com.
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