FAIRFIELD, NJ, March 04, 2010
/24-7PressRelease/ -- Archive Systems, a leading provider of document management services, today introduced ASPEN Accounts Payable, Release 9.6, which includes a new
PO requisition module. ASPEN Accounts Payable is a SaaS-based solution that streamlines the AP process by completely removing paper from the process. The new PO Requisition module extends
accounts payable automation by enabling users to create and route PO requisitions online and automatically match them to incoming invoices for
straight through processing.
"There was a void in the market between high-end, expensive PO systems and companies using paper - or no system at all. Our PO Requisition system fills this void. Purchase approval is another paper-intensive process in which we're able to assist companies on their path to a paperless future. By implementing the PO Requisition module integrated with our Accounts Payable solution, companies are able to maintain tighter control over the entire procurement flow," said Gordon Rapkin, CEO of Archive Systems.
ASPEN Accounts Payable's PO requisition technology enables users to generate PO requisitions and route them online for approval using SmartRoutingTM technology. Upon requisition approval, POs are emailed to the suppliers directly from ASPEN Accounts Payable, eliminating paper being passed back and forth.
Automated matching occurs between the PO and the invoice when it arrives. All invoices are tracked against the PO in the case of a blanket PO, or partial payment against a PO. Intelligent matching rules ensure tight controls are in place, and tolerances can be applied during PO to invoice matching to allow for unexpected amounts like tax or freight as well as overages on items shipped.
Additional enhancements in Release 9.6 speed up implementation times so Archive Systems' clients can realize the benefit of accounts payable automation in a matter of weeks.
"Our ASPEN Accounts Payable solution continues to break new ground in both technological advances and return on investment. Whether a company is a small to medium-sized business or in the Fortune 1000, today's economic environment demands a quick return on investment. By continuing to release SaaS-based products that address real business challenges in an affordable manner, we deliver on that demand," added Rapkin.
About Archive Systems, Inc.
Archive Systems delivers products and services that enable organizations to manage paper and digital documents. The company provides a bridge to a paperless future by uniting traditional records management services with cloud-based Virtual File Room technology.
Records management services range from physical records storage and secure document shredding to digital document conversion services and on-demand virtual file delivery. Archive Systems' flagship document management platform, ASPEN, automates and optimizes complex document-based processes, and manages the flow of work throughout an organization.
ASPEN Accounts Payable combines AP best practices with ZeroTouch AP imaging and workflow. Additional ASPEN Virtual File Room applications support document centric areas such as human resources, vendor management, and contract and lease management. These technologies, combined with Archive Systems' document services, capture, store, route, and archive documents online - improving efficiency and accuracy while lowering costs.
Archive Systems is changing the way the world manages documents. For more information, please visit
www.archivesystems.com.
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