New Generation Computing (NGC) has developed software for automating vendor payments. The tool is designed to streamline the process of matching documents and approving vendor invoices in global logistics. Available as a module for NGC's e-PLM and e-SPS software, Vendor Payment Automation (VPA) extends the capabilities of the company's applications for product lifecycle management and global sourcing and visibility. VPA draws on supply-chain data that is already contained in e-PLM and e-SPS, including purchase orders, packing, shipments, quality, compliance and testing, and warehouse receipts. According to NGC, the product eliminates manual processes and centralizes all documentation required for vendor payments. Upon receipt of vendor invoices, VPA automatically validates the information and communicates payment status to suppliers, alerting them when to expect payment and eliminating the need for phone calls, faxes and e-mails. VPA supports multiple documents from multiple sources, allows for rule-based comparison of documents, automatically validates and matches required documents, alerts users of any discrepancies, and imports and exports data to third-party enterprise resource planning and accounts payable systems.
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