White Paper on Purchase Invoice Processing, Document Workflow and Purchase to Pay Automation now Available From Invu
By Invu, PRNESunday, March 27, 2011
Invu Announces Publication of White Paper Demonstrating how Purchase Invoice Processing and Efficient Document Workflow can Automate the Payment Process
NORTHAMPTON, England, March 28, 2011 - Document management software provider, Invu www.invu.net has
released a White Paper on invoice processing entitled "Purchase to pay
(www.invu.net/purchase-to-pay.aspx) 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 (
www.invu.net/document-workflow.aspx) 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."
For more information on purchase invoice processing (
www.invu.net/purchase-invoice-processing.aspx) or to download a copy
of the Purchase to Pay Automation White Paper, please visit
www.invu.net/info/whitepapers.aspx
About Invu
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: Will Gardiner itpr Tel. +44(0)1932-578800 Mark Palmer Invu Tel. +44(0)1604-859902
For further information, please contact: Will Gardiner, itpr, Tel. +44(0)1932-578800; Mark Palmer, Invu, Tel. +44(0)1604-859902
Tags: England, Invu, March 28, Northampton, United Kingdom