Enterprises are realizing huge benefits from automating their accounts payable and receivable processes. These include time and cost savings through faster and more efficient invoice processing, better supplier relationships, and greater control and visibility throughout the invoice life-cycle.
Datamatics’ iPM is a highly customizable web-based workflow system designed for accounts payable (AP) and accounts receivable (AR) processes. iPM enables auto-routing of invoices for approvals, provides real-time information through a role-based authentication (RBA) system, and enables web-based invoice submission as well as tracking, and maintains a complete audit trail. Datamatics’ iPM facilitates end-to-end automation of invoice processing and eliminates error.
With transparent invoice tracking, Datamatics’ iPM ensures faster invoice approvals and real-time reporting. Due to the automated invoice processing affected in both the AP and AR domain, iPM imparts high agility, transparency, and visibility to the F&A processes thus ensuring better control and compliance. iPM is widely used by large global organizations, including Fortune 100 companies.
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