Industry Study Rates iPayables as the Top AP Automation Solution
Dec. 19, 2013 – ALISO VIEJO, Calif. — Transformation Management Consulting, an independent research and consulting firm specializing in the payables industry, recently conducted a study comparing all the major Accounts Payable automation solutions available. It specifically evaluated the affordability, functionality, number and quality of offerings; as well as the overall automation potential of each specific solution.
Out of the eight providers evaluated, iPayables scored top marks in several categories including affordability, functionality and was one of only two solutions that offer dynamic discounting; a key discount-capture component for businesses who process high invoice volumes.
The purpose of the study and subsequent white paper was “to provide insight relative to the spectrum of Accounts Payable automation solutions available and to draw some correlations between the level of automation achievable and the affordability of that solution relative to other platforms providing a comparable level of automation potential,” said the author.
Transformation Management Consulting broke down the solution providers into two different categories, those who only support the “front-end” capture, matching, exception management and routing of the invoices; and those who support a full electronic invoice presentment and payment (EIPP) suite.
Decision making concerning what EIPP provider to choose can often be a confusing one,” said Ken Virgin CEO of iPayables. “This study gives clarity as to who the upper-echelon providers are and what functionalities are available to prospective clients.”
We’re experts in the automating of accounts payable departments while optimizing workflow and streamlining the invoicing / payables process. By using our advanced internet invoicing system (InvoiceWorks®), companies can process invoices electronically, make changes, and can track payments all while eliminating phone inquiries, data entry, filing and the scanning of documents.
The world’s largest airline, largest grocer, largest restaurant chain and other Fortune 100 companies use iPayables InvoiceWorks® because of its functionality, flexibility, and unmatched value. iPayables provides supplier tools for invoice web-entry, file upload, EDI, PO flip and paper invoice capture; which integrate seamlessly with our robust and dynamic workflow, purchase order matching, dispute resolution, payment and dynamic discounting capabilities. To learn more about iPayables log on to www.ipayables.com