ECP’s Invoice Automation solution, IAConnect is also available as a Software as a Service (Saas). This is ideal for customers who prefer to avoid the investment and the overhead associated with maintaining a premise-based solution.
The SaaS offering can be quickly be implemented for your organization-helping you realize immediate cost savings benefits of 50% and more per invoice transaction. Our pay-per-invoice processed billing methodology eliminates the need for an upfront capital investment in either hardware or software.
Through the outsource model, ECP allows you to have all invoices sent to a secure lockbox from which they would be retrieved several times per day. ECP scans all of your invoices for you and then extract header and line item detail using powerful OCR technology. This data is then processed through IAConnect-resulting in an approved voucher for payment.
Clients are provided with a Web-based administration tool allowing them to manage users, roles, user rights and business rules for routing approvals. As a result, your staff can focus on processing invoices while we worry about the monitoring and management of the servers and data network. All of your data is maintained in a highly secured data center with full redundancy and 24/7 monitoring.
Some of the other benefits of ECP’s Invoice Automation Saas offering are:
Immediate savings of 50% or more on invoice processing costs
Real-time AP information to decision makers
Ability to avoid late payment charges
No upfront capital investment
Improved record keeping and data storage
Better vendor communication
Ability to track and take advantage of early payment discounts
Eliminate the need for system administration and ongoing support
Reduced duplicate invoice payments
More time for your accounting staff to address other issues
The SaaS offering can be quickly be implemented for your organization-helping you realize immediate cost savings benefits of 50% and more per invoice transaction. Our pay-per-invoice processed billing methodology eliminates the need for an upfront capital investment in either hardware or software.
Through the outsource model, ECP allows you to have all invoices sent to a secure lockbox from which they would be retrieved several times per day. ECP scans all of your invoices for you and then extract header and line item detail using powerful OCR technology. This data is then processed through IAConnect-resulting in an approved voucher for payment.
Clients are provided with a Web-based administration tool allowing them to manage users, roles, user rights and business rules for routing approvals. As a result, your staff can focus on processing invoices while we worry about the monitoring and management of the servers and data network. All of your data is maintained in a highly secured data center with full redundancy and 24/7 monitoring.
Some of the other benefits of ECP’s Invoice Automation Saas offering are:
Immediate savings of 50% or more on invoice processing costs
Real-time AP information to decision makers
Ability to avoid late payment charges
No upfront capital investment
Improved record keeping and data storage
Better vendor communication
Ability to track and take advantage of early payment discounts
Eliminate the need for system administration and ongoing support
Reduced duplicate invoice payments
More time for your accounting staff to address other issues
