Product Sheet: BancTec BPO Invoice Processing & Accounts Payable

Manually intensive accounts payable procedures significantly impact a business' bottom line with organizations spending huge amounts each year processing invoices, performing purchase order matches, addressing defects and responding to vendor inquiries. BancTec's accounts payable service provides a low risk outsource option that enables companies to significantly lower the processing cost per invoice and gain improved financial management. By leveraging BancTec's advanced technology and process optimization experience you can effectively automate your full accounts payable process while still retaining control. Services include converting invoices to digital format, capturing data and posting payment information to ERP and accounting systems.

Eliminate repetitive manual tasks
Automated data capture and validation processes eliminate repetitive data entry tasks and guarantees your valuable information is captured accurately. BancTec's user defined workflow further reduces costs by streamlining your processes to ensure faster throughput.

On-screen work lists notify employees and supervisors of important information including payment due dates and number of reminders received. This not only ensures payments are made on time but also helps companies take advantage of discounts and better manage cash flow. Customized reports provide increased visibility into cycle times, bottlenecks, employee productivity and they allow for workload balancing and month-to-month/year-to-year analysis.