LONDON, June 19, 2013 /PRNewswire/ --
Stock-market listed Invu, a specialist document management systems provider, today launches Invu Search 200 - its purchase invoice processing solution specifically designed to integrate with the Sage 200 Suite.
Sage 200 customers enjoy financial management, customer relationship management and business intelligence software all in one solution so they can share data easily throughout their business. Invu Search 200 extends the capability of the software in purchase invoice processing to streamline automated invoice matching and authorisation workflows, and complement practices such as invoice approval and coding.
The Invu Search 200 solution has been designed to help finance departments by automating clerical tasks associated with filing and processing of invoices. By removing paper from the approval process, finance directors and accountants have the benefit of increased control and visibility of invoices being received and have immediate access to their current financial commitment.
Stuart Evans, Chief Technology Officer, Invu, comments, "Implementing a paperless invoice process that is integrated directly with your core financials means that you have direct access to invoices and related documents direct from Sage 200."
Evans continues, "In the current market, businesses are not replacing their accounting systems, they are reviewing their internal processes to seriously consider what can be done to improve them. In our experience, SMBs are attracted to a solution that delivers a clear business benefit and is provided by an organisation that has both the resource and expertise to provide support services before, during and crucially after the implementation process."
The benefits of automating the accounts payable process with Invu Search 200 include:
- Stronger internal document management controls and full audit trail
- Greater visibility into the Purchase Invoice Process
- Reduced purchase invoice processing time, cost and errors
- Reduction of paper storage costs
- Accelerated invoice processing and purchase order times
- Electronic documents can be shared throughout organisation
- Standardised invoice receipt/workflow processes
- Documents can be viewed, coded and approved on a pc or tablet with no training
- Optimised cash management
- Improved supplier terms through faster invoice turnaround
- A stronger finance department
Evans concludes, "Established businesses are nearly always using a 'patchwork quilt' of IT systems to manage their business and will no doubt be searching for a provider that can complement and enhance these systems with good document management. Our Invoice Processing solution does exactly that by delivering more control, efficiency and also user access via mobile and tablet devices."
About Invu - http://www.invu.net
Invu develops and provides software solutions and services to help organisations with control, management and security of electronic documents and automation of workflow. These solutions increase information integrity, visibility and access across an organisation, reduce costs of paper document storage and retrieval, provide auditable document records management and reduce risk of non-compliance.
Invu's solutions enable automated document scan, capture, process and archive, and integrate readily with most back office systems, allowing tighter control of financial, HR and general business processes. Initial, quantifiable return on investment - in terms of both money and time - is typically achieved in less than six months.
c1600 diverse organisations use Invu including: financial and professional services: manufacturing, engineering and construction; estate management; education; housing associations; transport & logistics; retail and wholesale and Leisure.
For further information on the benefits of Invu to businesses, please contact +44 (0)1604 859893, or email [email protected].
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