NORTHAMPTON, England, March 28, 2011 /PRNewswire/ -- Document management software provider, Invu www.invu.net has released a White Paper on invoice processing entitled "Purchase to pay Automation – Overcoming paper in an efficient and electronic world."
While many companies now use accounting or ERP systems to digitise and hold all purchasing data, it has become apparent that these systems did not computerise whole finance processes. They simply computerised the ledgers recording the core transactions of the business. The process has therefore not changed or become automatic.
The Invu white paper takes a closer look at one key area left incomplete and not automated, the document workflow from purchase to the point of payment, and discusses the various solutions available to organisations depending on size and available funds. Implementing EDI (Electronic Data Interchange) is an effective solution; however this process demands significant technology, effort and expenditure, the paper therefore outlines the requirements and benefits of implementing a more cost-effective document processing solution to automate invoices and reduce the volume of paper.
The paper demonstrates that a simple yet effective business automation approach solely based on document capture, management and workflow can speed up existing internal processes and compliment the investment in the company's ERP system.
Stuart Evans, Chief Technical Officer, Invu, comments, "The white paper highlights the reality that the paper and PDF invoice will be around for many years to come, therefore there is an urgent need for businesses to improve their efficiency. While it is understandable that few businesses have the luxury of moving to a full EDI approach to purchasing, the white paper shows that invoice process automation is the next best, and often the only other, solution to take for organisations to remain both competitive and alive."
Invu develops software that incorporates document workflow and management, content management, automation and collaboration specialising in solutions for the mid-market and smaller businesses.
Also known as the paperless office, Invu typically gives a return on investment in under six months, allowing companies to see efficiency savings in terms of both money and time.
Over 4,500 organisations use document workflow technology from Invu. From professional services (such as accountants, IFAs and insurers) to education; from housing associations to manufacturing and engineering; from transport & logistics to construction and charities.
Invu's Open Search integration allows SharePoint users to utilise fully the benefits of WSS/SharePoint Foundation or MOSS/SharePoint Server whilst retaining the functions of specialist document and content management.
Invu's document workflow solutions enable automated scan, capture and management, processing and output transformation, particularly for purchase to pay processes
Invu's purchase invoice processing technology also integrates with all major accounting systems including IRIS and Sage, as well as ERP and CRM systems.
To find out how Invu can benefit businesses, please contact +44 (0)1604 859893
For further information, please contact:
Tel. +44 (0)1932 578800
Tel. +44 (0) 1604 859902