Product category:
Document and workflow management software
News Release from: Digital Vision | Subject: Business Connector
Edited by the Manufacturingtalk Editorial
Team on 17 November 2006
Automated invoice processing with Oracle
New Business Connector solution helps create paper-free invoice processing and streamlines AP processes in Oracle environments.
Leading document processing specialist, Digital Vision, has launched a solution that enables automated invoice processing in Oracle E-Business Suite environments, by standardising integration between the market-leading Contempus Invoice Processing platform and Oracle Contempus and the Oracle Business Connector combine to increase efficiency and productivity, and reduce errors and operating costs in Accounts Payable departments of companies using Oracle E-Business suite
This article was originally published on Manufacturingtalk on 6 Nov 2006 at 8.00am (UK)
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The Business Connector enables Contempus to have standardised two way access to all of the information contained in Oracle E-Business suite that is necessary to achieve full Accounts Payable Automation.
This includes cost centre and general ledger codes, budget/warrant holders, recurring expense data, outstanding purchase orders and goods received information.
This standardised information flow removes the need for bespoke programming in Oracle.
When validated invoices arrive in Contempus they are registered in Oracle as pending approval.
Compliant invoices that pass all of the checks in Contempus become approved in Oracle in true 'lights out' mode with no need for human intervention.
Invoice exceptions that require approval or other action are automatically routed to the correct approvers and through any applicable escalation process.
Contempus works because users see the complete process traceability built into the system making approval a visible and non deniable process.
Bob Goodwin, director of Digital Vision said: "The Business Connector was the missing link for automating AP in Oracle environments".
"Without it there was a huge amount of bespoke work involved, but now we have standardised connectivity between the two applications, massively reducing project risk and implementation time".
"The combined solution boosts efficiency, reduces overall administration time, and cuts errors in approving and handling of invoices and other documents".
"It delivers full traceability of the approval process for compliance and corporate governance, and delivers rapid and ongoing ROI for Oracle users".
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