Contempus.Invoice 2007 Revolutionises Invoice Processing With Intelligent MatchingTM
HODDESDON, HERTFORDSHIRE, 18 APRIL 2007 – e-Docs UK is ramping its hosted Accounts Payable Approval service with the introduction of Contempus.Invoice 2007. It introduces complete new and innovative functionality in terms of advanced and intelligent matching of purchase invoices against purchase orders and goods received notes.
The matching engine (Intelligent MatchingTM) is unique in that it automatically, based on available data, cross-references incoming supplier invoices with orders and checks the status on header and line levels. Contempus.Invoice 2007 confirms that invoices are correct in terms of what has been ordered and whether all the goods have arrived. It also checks that delivery specifications correspond with the original order and whether the order is pursuant to internal regulations. It also highlights matching results that are outside the scope of specified tolerance limits for invoice approval.
When the control procedure has been completed, based on the information prepared by Intelligent MatchingTM, the engine makes the subsequent choices. If everything is in order, the invoice can be automatically processed and filed for payment within due date. In cases of irregularities, for example if any deviations on line level is outside the tolerance limit, Contempus.Invoice 2007 includes routines for initiation of dispute handling, directed towards the suppliers through the Contempus.Supplier portal.
