Expedite Invoice Processing and Improve Access to Information

Enterprise content management for the accounts payable department gives you the power to expedite the invoicing process and improve access to valuable information including invoices, purchase orders, receipts and virtually any type of content generated utilized in accounts payable.

Studies indicate that the cost to resolve invoice discrepancies (from the point a vendor contacts the accounts payable department with a problem, through resolution) is $30 per invoice. On average, 5% to 25% of all invoices are disputed. A large part of that cost is the man-hours it takes to locate the original invoice and distribute it to the appropriate parties within the organization.

Additionally, the accounts payable department receives and generates mounds of paper every day. With enterprise content management system Horizon Enterprise Content Manager™ in the accounts payable department, you can support the payment lifecycle from end-to-end, providing the right documentation at the right time. From the capture and automated indexing of packing slips and invoices to electronically routing for defined approvals and cutting the final check, Horizon Enterprise Content Manager organizes and attaches key information to each system transaction, yielding maximum performance and accuracy. Information is securely stored for fast and easy access to accommodate future audits, inquires and general reference.

Benefits

Enterprise content management system, Horizon Enterprise Content Manager, ensures you have the right information at the right time in your accounts payable department, empowering your healthcare organization to:

• Reduce time-intensive, error prone manual processes and entries
• Streamline the invoice discrepancy resolution process through quick retrieval of past invoices
• Eliminate over/under/missed payments
• Maximize vendor discounts and rebates
• Expedite legal requirements to obtain invoice for audit purposes
• Free record storage space by eliminating the need to store thousands of paper invoices
• Eliminate labor costs associated with manually searching through cabinets and boxes of stored invoices and other associated documents
• Reference archived reports for data analysis

Features

Electronically capture, store and manage documents like:

• Purchase Orders
• Packing Slips
• Invoices
• Credit Memos
• Checks
• Receipts
• Vendor Documentation
• Financial Reports

For more information, view a demo or contact us