Purchase Invoice Processing

Industry research indicates that as many as 86% of all invoices are still received on paper, with 70% of invoice processing costs in document handling and data entry. The question is: faced with these costs and other pressures, such as compliance, how can accounts payable departments enhance the services they provide?

Symbiosys Business Solutions has the answer. SharePoint for Finance enables automated Purchase Invoice Processing that integrates with, and maximises the investment in, any of the leading financial systems.

SharePoint for Finance enables businesses to:

  • Capture the invoice image and its data using a scanner, MFD, fax, email or existing finance system.
  • Route the invoice automatically to the appropriate user for invoice approval and then track its workflow progress.
  • Store all invoices and related transaction documents (image, Word, Excel, email or attachment) in a central and secure repository.
  • Retrieve invoices and related transaction documents quickly and directly from any finance system or a web browser.

This easy-to-use solution can be deployed rapidly and accelerates the invoice approval cycle, allowing AP departments to achieve faster invoice query resolution, avoid penalties and take advantage of early payment discounts.

KnowledgeWorker lifecycle

SharePoint for Finance eliminates the time and costs associated with manually keying in invoice data and handling and chasing paper. It enables valuable office filing space to be reclaimed and helps businesses to meet compliance and ‘green’ requirements for document handling and retention.

With our extensive technology skills and experience, Symbiosys Business Solutions can rapidly implement and integrate SharePoint for Finance within an existing financial framework to deliver ROI in less than six months. The solution is available as an on-site or ‘Cloud’ solution and is also easily extendable to incorporate Document Management and Collaboration/Workflow.

To find out more about the benefits of SharePoint for Finance contact us at info@symbiosys-bs.co.uk or call us on 01260 281700.