ADP has introduced a range of enhancements to its electronic invoicing (e-invoicing) solution aimed at boosting productivity for midsized and large businesses. They include collaboration tools to streamline supplier communications and an advanced coding feature to improve flexibility and control during the invoicing process.
“We consistently hear from our customers that they want more automation, more visibility and more control,” said Leon Busch, vice president and general manager of ADP Procure-to-Pay Solutions. “These enhancements are designed to give our customers what they need to run as efficiently as possible.”
The latest enhancements include to ADP’s procure-to-pay (P2P) electronic invoicing solution include:
- Advanced messaging for invoice collaboration. By opening the lines of communication between multiple teams but managing invoices within a single system, businesses are in a better position to streamline supplier communications, reduce internal handoffs and ensure timely resolution of invoice status inquiries, questions and disputes. Businesses can also help improve consistency by distributing messages to multiple vendors simultaneously.
- Improved visibility into accounts payable data. Businesses now have more comprehensive access to their accounts payable data and transaction-level information, and can access it quickly and easily through ADP’s system. Custom queries and filters, scheduled reports and flexible options to share data via email, system alerts or the P2P dashboard improve visibility and help allow for more strategic decision-making around processes and supplier relationships.
- More advanced coding. Enhancements to ADP’s rule-based coding engine now allow for advanced supplier-level coding and establishment of both approval thresholds and multiple levels of approval. These changes provide businesses with greater flexibility and control as they focus on driving invoice automation and managing costs.
ADP is also launching a mobile version of ADP Procure-to-Pay Solutions that allows users to manage accounts payable (AP) activity while on the go. Through the mobile app, businesses can approve, view, forward, dispute and/or add comments to invoices from mobile devices, allowing further improved productivity.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
HSBC arguing that mid-market businesses are missing out on huge exporting opportunities, 3D printing being predicted to cut global trade by 23% in 2060 and the blockchain community launching a voluntary transparency project all hit the latest headlines in the world of treasury this week.