Invoicing remains one of the most paper intensive processes within an organization. It’s also one of the most costly: Studies have shown that companies spend approximately 10 to $40 per invoice transaction.

To combat this challenge, ECP has developed a powerful Web-based Invoice Automation solution, called IA Connect. The solution dramatically lowers invoice costs by 50% or more-while introducing control, consistency and oversight in the account payable process.

IAConnect helps organizations process invoices without duplication, prevent unauthorized payments, avoid misappropriation of funds and transparently track liabilities. IAConnect transforms the “bureaucracy” of your accounting functions into an efficient, cost-lowering process that will make your company more competitive.

IAConnect not only reduces invoicing costs significantly, but also frees up your accounting resources to address more complex issues. That’s why over 70% of companies today are looking to automate this vital part of their procure-to-pay processes.

By leveraging ECP’s IAConnect solution, your organization can realize the following benefits:

Document scanning and data extraction
Reduced invoice processing errors like duplicate payments
Real-time insight into AP obligations
Web-based approvals with e-mail notifications
Distributed or centralized expense coding
Detailed audit trail and compliance tracking
Manage early payment discounts
Fast, secure and consistent payment processing
Payment integration to your ERP system
Check printing and mailing
Supplier portal with self service functions
Outsourced invoice capture and data extraction
Built-in automated approval rules