September 2009: ImageFast on-demand announces online Accounts Payable application
ImageFast, a leading Technology Services Company that delivers customised information management solutions, today announced an online pay-as-you-go Accounts Payable application.
On receipt of supplier invoices, traditional paper-based processes are time-consuming and labour-intensive, making them more prone to error and delay. Bottlenecks in the system can lead to lost invoices, late payment penalties and a flood of supplier queries. With ImageFast on-demand Accounts Payable, documents are scanned upon receipt and entered into an automated workflow for approval. Invoices are dispatched to the appropriate business units where authorised personnel receive alerts that prompt them to sign off the document in a timely manner. ImageFast on-demand Accounts Payable is streamlined to dramatically reduce invoice processing times, while providing real-time visibility of where each invoice is in the payment cycle.
Darren Edwards Managing Director, ImageFast commented "Most organisations are looking to improve their Accounts Payable process, this is typically to help improve visibility of liabilities, ensure early payment discounts are achieved and reduce the costs of the approval process. ImageFast on-demand Accounts Payable application allows organisations to quickly and effectively start managing their process on a pay-as-you-go basis, helping to reduce costs immediately."
For more information visit www.imagefastondemand.co.uk