On average, more than 50 percent of administrative costs within accounts payable (AP) departments are due to low value manual activities such as paper distribution, copying, routing, data entry, logging, filing and discovery. Inefficient paper processes create paper silos of information, which in turn, impede collaboration and overall decision-making. The by-product of these inefficiencies include the staffing of extra employees, the inability to capitalize on vendor discounts, compliance risk, higher legal discovery costs, and failure to meet service level agreements (SLAs).
enChoice's KwikWork Business Process Framework (BPF) 4AP is a rapidly deployable, configurable solution that integrates with IBM FileNet P8 and EMC Documentum to enable automated invoice distribution, bi-directional data passing to enterprise resource planning (ERP) systems and expedited deployment of processes spanning multiple locations with distributed users and approvers. It leverages sophisticated business process management (BPM) capabilities to speed processing of invoices, proof of delivery/receipts, non-purchase order approvals and electronic data interchange (EDI) transaction exceptions. Furthermore, complex routing and approval rules can be managed by the system rather than manually by the employee. With KwikWork BPF 4AP, you can:
- Dramatically reduce administrative costs
- Improve cycle times so that SLAs can be consistently met.
- Increase process visibility, enabling bottlenecks to be addressed faster for improved operational efficiency and productivity.
- Centralize access to all relevant information, enabling faster, more accurate processing and enhancing decision making, collaboration and customer responsiveness.
- Facilitate compliance with Sarbanes-Oxley, FDA regulations, and other federal and state mandates through the automatic enforcement of information security protocols, and auditing and reporting capabilities.
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