ADP, a provider of human resource outsourcing, payroll services, tax and compliance and electronic invoicing solutions, revealed several key enhancements to its electronic invoice solution – a component of ADP Procure-to-Pay (P2P) Solutions.
ADP’s electronic invoicing solution is believed to transform the way organizations manage their accounts payable process. ADP delivers comprehensive functionality – PO management, electronic invoicing, supplier enablement, scan and capture services, automated workflow and payments automation – to clients looking to reduce errors and their use of paper, while increasing efficiency and spend visibility.
Latest enhancements include advanced coding capabilities and improved document routing and management that streamline the accounts payable process for medium-sized to large businesses. These coding and routing enhancements automate tasks previously done manually.
Clients using this enhanced electronic invoicing solution are able to enjoy process efficiencies and improved accuracy, which ultimately helps them increase their focus on more strategic, value-added tasks.
“These enhancements help ensure companies get the right documents, to the right people, in the right places, at the right time. They’re part of our ongoing goal to bring clients exactly what they’ve been telling us they want – smarter systems with more automation,” Leon Busch, vice president and general manager of ADP Procure-to-Pay Solutions, said in a statement.
“As part of our mission to be the best in the business, we’re making continued investments in our solution and we’re excited about what lies ahead,” Busch added.
According to Ardent Partners’ “ePayables 2012: The State of the AP Market” research report, best-in-class accounts payable departments that have embraced automation have significantly compressed the invoice cycle time, dramatically lowered processing costs and achieved superior spend visibility.
In another recent statement, ADP introduced its next-generation cloud-based platform – ADP Workforce Now – specifically designed for midsized organizations.
Edited by Braden Becker