Payment Automation
module streamlines the document matching and invoice
payment approval. Completely web
enabled and built for the global enterprise, the
Vendor Payment Automation (VPA) module brings
unparallel efficiency to the authorization and
payment of invoices to vendors.
The
flexibility and built-in rules of automatic matching
allow companies to sort through invoices and other
required documents to quickly compare the essential
metrics such as price, quantity, quality, testing,
and others.
The supply chain management data
used in eSPS & ePLM for the purchase orders,
packing, shipments, quality, testing, and warehouse
receipts reduces the amount of external
documentation that needs to be assembled for
payment. Upon receipt of the vendor invoices, VPA
enables automatic validation of the information. The
payment status information can be shared internally
and with the vendors. Communication and resolution
of issues is done in a central location, from
anywhere in the world.
Highlights:
•Central location of documents
to support vendor payments
•Supports multiple documents
from multiple sources
•Ruled-based document
comparison
•Automatic validation and
matching of the required documents
