Executive Briefings

Verian Technologies Beefs Up Invoice Processing With New Version of ProcureIt

Version 8 of ProcureIt is now available from Verian Technologies. The Web-based software allows mid-sized to large companies to capture, process and manage non-payroll spending in a single database. The new version focuses on improving invoice processing and reconciliation, as well as better reporting, supplier communications and approval workflow. One-step invoice entry, based on a common user interface, allows for the easy entering of purchase orders, work orders and non-PO invoices without the requirement of selecting receipts for PO invoices. The new ProcureIt identifies matching receipts automatically, based on the invoice total entered. The software can evaluate each PO invoice for two kinds of discrepancies, receiving and financial. An enhanced discrepancy-management engine provides the routing needed to have each type of discrepancy resolved by the correct user or department. An AP dashboard generates reports such as invoices processed per person, and as well as by type, number and value. Managers get instant visibility into daily and overall operations regarding invoice processing. Each report contains drill-down capabilities, allowing users to access transaction-level details. Other enhancements within ProcureIt 8.0 include improved catalog requesting, a dedicated return screen, and enhanced product-return capabilities.http://www.verian.com

Version 8 of ProcureIt is now available from Verian Technologies. The Web-based software allows mid-sized to large companies to capture, process and manage non-payroll spending in a single database. The new version focuses on improving invoice processing and reconciliation, as well as better reporting, supplier communications and approval workflow. One-step invoice entry, based on a common user interface, allows for the easy entering of purchase orders, work orders and non-PO invoices without the requirement of selecting receipts for PO invoices. The new ProcureIt identifies matching receipts automatically, based on the invoice total entered. The software can evaluate each PO invoice for two kinds of discrepancies, receiving and financial. An enhanced discrepancy-management engine provides the routing needed to have each type of discrepancy resolved by the correct user or department. An AP dashboard generates reports such as invoices processed per person, and as well as by type, number and value. Managers get instant visibility into daily and overall operations regarding invoice processing. Each report contains drill-down capabilities, allowing users to access transaction-level details. Other enhancements within ProcureIt 8.0 include improved catalog requesting, a dedicated return screen, and enhanced product-return capabilities.http://www.verian.com