Accounts Payable Automation

Speed & Efficiency With IMR's Accounts Payable Solution

IMR's Accounts Payable processing solution brings increased speed and efficiency into AP departments by minimizing manual data entry. IMR's AP Solution captures, manages and enables referencing of electronic documents.

Cost Savings With Accounts Payable Automation

Few areas of an organization have as much potential for significant cost savings as accounts payable. Paper-based AP processing is labor intensive and difficult to manage efficiently. Even if an accounting or workflow application is utilized, many AP documents such as invoices, purchase orders and packing slips, are not integrated into the application.

Having to coordinate large amounts of paper in order to process accounts payable requires more staff time and slows the entire process down. Slow AP approval and payment can mean missed discounts or late payment penalties. Accessing documents in files when questions arise can be time consuming, to say nothing of the file cabinets needed to store all the documents.

With accurate invoice information delivered faster, your organization can start the approvals process sooner, providing substantial competitive advantages in reduced labor costs, higher productivity, improved vendor relations and capitalization on negotiated payment terms.

AP Automation Solution Details

All paper accounts payable documents are captured and imported into the system. Then, the AP Automation automatically captures and processes the data you need from invoices such as vendor ID numbers; invoice dates; purchase order numbers; line-item descriptions and charges; payment terms; shipping charges; taxes and more.

IMR's AP Solution allows organizations to manage invoices by matching them to POs and shipping receipts. The system allows comparison of invoice amounts to PO totals. The solution can auto-approve invoices or automatically send them to AP approvers.

Once information has been captured, validated and verified, data can be automatically transferred directly into the financial or accounts payable software application or workflow systems.

IMR Accounts Payable Case Studies

SAPA Sapa, one of the world's leading producers of extruded aluminum products, turned to IMR to help them streamline their accounts payable processing.

Scalable For Any Size Organization

Automating the accounts payable process used to only be possible for large companies due to the significant costs in infrastructure, software, implementation, training, customization and maintenance. IMR has removed the barriers to entry for small to medium companies that want to implement AP workflow.

The Benefits Of The Accounts Payable Solution

Cost Effective - IMR's AP Solution frees you from the risks, hidden costs, high failure rates, and extended implementation timeframes of in-house AP automation systems. This IMR solution transforms your business, enabling you to start with results, not infrastructure.

Instant Availability - After a thorough investigative analysis of your AP review process, IMR can provide an implementation in a very short time frame, eliminating expensive in-house maintenance costs, and allowing you to concentrate on your core business.

Proven Processes - IMR enables you to streamline your processes and boost AP staff productivity, avoid penalties and take advantage of prompt payment discounts - all money in your pocket.

Open Integration With Any Back-Office System - Our data, image and index is open to allow easy acceptance by your back-office system in any form.

Total Flexibility - IMR can optimize your business process by allowing vendors to send invoices directly to IMR's secure processing facility in almost any format - paper, EDI, E-mail, fax and more.

IMR ASP Option Provides Web Based Access

With IMR Application Service Provider (ASP), all account payable documents can be accessed and shared with a simple, on-demand business process workflow solution that incorporates AP best practices to electronically route invoices for approval - available to your managers 24-7, anywhere in the world.

IMR ASP enables you to take advantage of workflow technology typically found in solutions used by large companies with sophisticated IT departments, but a fraction of the cost. We invite you to talk with us to learn how we can help you dramatically improve your AP processes while achieving a significant positive return on investment.