FOR IMMEDIATE RELEASE:
Explores Key Features Needed to Automate and Streamline the AP Process
Fairfield, NJ (June 26, 2008) - Archive Systems, Inc., a leading provider of accounts payable automation, has launched a new Webinar focusing on automating three way matching using Straight Through Processing. The live Webinar will be held on July 9th at 1:00 PM EDT for approximately 30 minutes.
In this Webinar, attendees will learn how ASPEN 360 Accounts Payable Edition bridges the Accounts Payable automation gap by auto matching invoices to PO and receipt line items without AP processor intervention. They’ll also discover how ASPEN 360 streamlines the matching of the exception invoices that fail the Straight Through Matching process.
Straight Through Processing was a key topic at this year's IAPP Annual Forum. Accounts Payable Departments have previously tried to reduce transaction processing costs by automating the three way matching process. Implementing new technology has helped them become more automated in matching PO data to receipt data, but they have been unable to convert vendor invoices to an electronic format that further automates the invoice matching process. This Webinar shows them how an Invoice Virtualization Center can convert the invoices to fully automate the most time consuming part of the three way match process.
The featured speaker from Archive Systems will be Rob DeVincent, Vice President of Product Marketing. "The response from our sessions at IAPP on Straight Through Processing was so positive, that we decided to launch this new webinar. We cover how ASPEN 360's Invoice Virtualization Center and Straight Through Processing functionality provides a true accounts payable automation solution," said DeVincent.
For additional information about the upcoming Webinar, please visit www.archivesystems.com/newsandevents/webinars.asp.
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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