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Verian Technologies has released version 8 of ProcureIT, the developer's web-based purchase-to-pay software designed to enable mid-sized to large organizations to capture, process and manage non-payroll spending in a single database.
The latest version focuses on improving invoice processing and reconciliation as well as improved reporting, supplier communication and approval workflow. The main enhancements include:
One-Step Invoice Entry-Using a common user interface, purchase orders (PO), work orders and non-PO invoices can be entered easily and without the requirement of selecting receipts for PO invoices.
Intelligent Receipt Matching for PO Invoices-ProcureIT will identify matching receipts automatically based on the invoice total entered.
Intelligent Discrepancy Resolution-ProcureIT will now evaluate each PO invoice for 2 types 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/department.
Enhanced AP Dashboard-Reports such as invoices processed per person, invoices by type, invoices by number and value, and receiving discrepancy by department provide AP managers with instant visibility into daily and overall operations regarding invoice processing.
Says Tehseen Ali, president & CEO of Verian: "The latest version not only provides invoice processing capabilities but also enhances organizations' ability to fully capture, manage and report on the entire purchase-to-pay cycle."
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