Automating Accounts Payable
By Brian Dirking on May 30, 2011
This week we will be focusing on how integrating content management with accounts payable can result in a tremendous savings and a fast return on investment. Organizations often see as much as a 90% savings by automating invoice processing. And by using an enterprise content management system to automate those processes, organizations can leverage the implementation to address other use cases. As we go through the week we’ll see how customers often begin by automating invoice processing, and then address use cases like employee on-boarding, travel and expense processing, and student admissions. This single investment pays for itself quickly and then continues to offer greater and greater returns.
Oracle Enterprise Content Management is pre-integrated to address automating accounts payable processing for Oracle E-Business Suite and Oracle PeopleSoft. These integrations enable your organization to quickly get up and running, capturing paper invoices and automating their entry into your payables systems, slashing manual input and improving accuracy. As invoices are processed, the image of the paper invoice is always just a click away for verification.
Some organizations also implement Oracle WebCenter, which provides a dashboard, enabling managers to check throughput and look for bottlenecks. And with WebCenter’s composite capabilities, multiple applications can be viewed simultaneously, so invoice processing and supply levels, or customer orders and inventory levels can be brought together on one screen and viewed together.