ROSELAND, N.J., Nov. 8, 2010 /PRNewswire/ -- ADP ®, a
leading provider of HR, payroll and benefits administration
services, today announced the release of its Invoice-Professional
Edition PLUS, a complete scanning and indexing service that can
manage all of an organization's paper-based invoices. The ADP
Invoice-Professional Edition PLUS service helps to eliminate the
burden of manual invoice processing faced by many organizations.
Within 24 hours of receiving a paper invoice, an image of the
invoice and all supporting documents are available as a fully
indexed package. Managed within ADP's hosted invoice processing
platform, this solution reduces the need to invest in
infrastructure and additional resources. With this new solution,
ADP is helping clients streamline the accounts payable process, pay
invoices promptly and manage capital more effectively.
Paper invoicing is a labor-intensive process and prone to
errors, which can result in high processing costs and missed
early-payment discounts. With Invoice-Professional Edition PLUS, an
organization can reduce its invoice processing costs by up to 83
percent, reduce processing time by up to 80 percent, capture more
favorable terms and improve overall financial controls. ADP's
Procure-to-Pay platform also allows businesses to on-board some or
all of their suppliers online and see the status of the invoices
through the Invoice Supplier Portal, eliminating calls into
accounts payable regarding the status of payment.
"Many CFOs struggle to understand how many invoices are being
processed in a given day, and ADP Invoice-Professional Edition PLUS
gives finance executives complete visibility into their
organization's expenses while also saving the company time and
money by not having to scan and enter every invoice," said
Leon Busch, Vice President and
General Manager of ADP's Procure-to-Pay Solutions. "This SaaS
solution, with its state-of-the-art cloud-computing technology,
saves clients valuable capital that could be spent on IT
infrastructure and support costs."
"Lack of visibility, lack of standardization and wayward paper
processes equate to poor on-time payment track records. Not paying
on time, of course, leads to irate vendors but also means that
these companies miss discounts and accounts payable employees are
left scrambling for status on invoices instead of focusing on more
cost-effective work," stated the independent research report
"Taming Invoice Processing: Still Work To Do," Forrester Research
Inc., February 23, 2010.
ADP has taken electronic invoicing to the next level by:
- integrating a scanning/invoicing service that eliminates the
need for manual scanning
- automatically pushing the data through the account coding and
approval processes to the ERP system
- saving the organization time, reducing costs and increasing
operational efficiency.
The ADP invoice solution is also available as an enterprise
edition, which expands the capabilities of ADP Invoice-Professional
Edition PLUS to offer line-item review and adjudication of
electronic invoices, the ability to track electronic receipts,
early-payment discounts and real-time spending, and purchase-order
integration.
For more information, please visit www.ADP.com.
About ADP
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly
$9 billion in revenues and about
550,000 clients, is one of the world's largest providers of
business outsourcing solutions. Leveraging over 60 years of
experience, ADP offers a wide range of HR, payroll, tax and
benefits administration solutions from a single source. ADP's
easy-to-use solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine
and recreational vehicle dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's website at
www.ADP.com.
SOURCE Automatic Data Processing, Inc.