Invoice and Accounts Payable Services
Scanning invoices, digitizing the processes and automating account payable workflow is now an accepted best practice. Global competition demands that businesses and healthcare providers modernize inefficient, error-prone and costly legacy invoice processing.
“It’s no longer a question of whether accounts payable should be automated, but how to automate and to what extent.”—IOMA
“How to automate and to what extent”
IPS accelerates the processing of accounts payable with automation, intelligent data capture, digital workflow and audit-ready digital storage services. They integrate smoothly into your existing processes, accounting and ERP systems.
We have helped the best-known names in healthcare, finance, advertising and other fields achieve major gains in efficiency, accuracy and cost with automated accounts payable services. For businesses with invoice processing systems that are still mired in paper, IPS powers your digital transition.
IPS also provides process integration with all major accounting/ERP platforms including: SAP, Oracle, Lawson, JD Edwards, Great Plains, PeopleSoft and others.
IPS Accounts Payable digitization enables companies and healthcare providers to:
- Reduce transaction costs by over 50%
- Improve average data accuracy to 99.995%
- Speed process time by an average of 40%
- Audit document flow for process transparency and reporting
- Enable true back-office scalability
Automated accounts payable services success stories
IPS helped a top-five ad agency save $500,000 per year in AP costs, increased invoice data accuracy from 80 to 99.997 percent and cut invoice processing time from an average of 45 days to 1-2 days.
IPS helped a hospital system process 200,000 invoices per year with a 24-hour turnaround, 99.995 percent data accuracy and 100 percent page-for-page scan quality control – all while reducing the per-invoice processing costs from $5 to $1.53.
To receive our automated accounts payable case studies, schedule a demo and find out more about our products and services, please contact us at the right.