IPS has published two new case studies to its Web site reporting on the business impact of automating the labor-intensive accounts payable process in the media and advertising space.
Viacom Automates Accounts Payable With IPS Digital Workflow examines the company’s search for a best-in-class AP solution that would transform its legacy paper-based invoice approval system. IPS provides Viacom with centralized invoice receipt services for all types of invoices through the IPS Digital Mailroom. Invoices are digitized through IPS’ Intelligent Capture Services, and all exceptions are handled through the IPS Digital Workflow, which creates a 100 % digital approval process. “Through IPS, Viacom now has immediate visibility into pending invoices.” stated Brian Goorevich Director, Application Development. "Working with IPS changed our business. We were up and running with the IPS solution in a matter of weeks.”
IPS Revolutionizes Accounts Payable For a Global Advertising Agency explores the power of business rules, implemented through software, to manage the complexity of agency AP. Agencies charge their clients for all the outside services and expenses that go into producing and airing advertisements. That makes both accuracy and turnaround time critical to the agency’s cash flow. The IPS digital workflow solution saved the agency 50% per year over manual processing, with Six-Sigma accuracy that virtually eliminated errors. Processing time fell from an average of 18 days to only 6 days.
For more information on IPS accounts payable solutions, see the Payables section of our site or click on the “Call Us” button at top right.