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.
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Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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