Invoice Processing and Purchase-to-Pay Automation for your ERP

Would you like to maximise the return on your ERP investment?

ITESOFT’s Purchase-to-Pay Suite helps you raise efficiency of document-driven processes beyond what is possible with standard ERP functionality. The ITESOFT software suite enables you to:

• Automate the Purchase-to-Pay cycle all the way from the purchase request and approval (general expenses) to AP invoice reception, registration, validation and posting.

• Optimise the Accounts Receivable reconciliation process.

Cut costs and improve control over your AP process

Imaging solutions have long existed to scan and archive invoices. The ITESOFT Purchase-to-Pay Suite now takes you far beyond that.

ITESOFT.FreeMind for Invoices removes much of the manual keying-in of data and document handling in your AP department. Using advanced routines to read incoming invoices in both paper and electronic (EDI, PDF) formats, the solution extracts and validates data and exports it straight into your ERP.

By integrating ITESOFT.Share with your ERP, it possible to receive invoices, code them and start electronic workflows for payment authorisation by staff members who simply need to use a web browser on their PC or mobile device to approve the invoice. This solution totally eliminates paper right from the day the invoices enter your organisation’s mailroom.

Another key benefit is that the process is fully tracked in our ITESOFT.Dashboard module for complete real-time, end-to-end control over the process and rich reporting. This is certainly not something available in any standard ERP.

Integrate with any ERP

ITESOFT also offers a SOA-based integration platform for ERP integration which makes it fast and easy to integrate new ERPs supporting a web service interface. ITESOFT.FreeMind for Invoices is synced to your master data to automatically match incoming invoices to a list of open POs. Once invoices are approved, posting and payment are triggered instantaneously in your ERP.

Taking the pain out of AR reconciliation

For companies that produce large numbers of customer invoices and receive an equally high number of payments, the AR reconciliation process is a tedious and cumbersome task. Banks and customers send electronic or fax payment notices that need to be matched to Accounts Receivables. ITESOFT.FreeMind can help you extract data intelligently from documents and then perform advanced matches with AR using our proprietary algorithms.

Check out ITESOFT solutions if your business model generates a lot of work in this area!