We are excited about this new technology because they can now capture the other half of their savings
Houston, TX (PRWEB) February 8, 2011
Today, Prodagio released Prodagio ISX, a revolutionary patent pending technology and a new invoice automation product, Prodagio AP 5SX. With this unique innovation, companies can NOW fully maximize touchless transactions. AP 5SX’s exclusive RoboProcessor automates all transactions including exceptions. The automation even creates suggested resolutions and captures all exceptions data. Companies can eliminate exceptions by refining its rules. The immediate result is a lower operating cost to start and lower cost and better spend management going forward.
“Prodagio 5SX is our most advanced technology embedded in our proven accounts payable application,” said Mara Henderson Prodagio’s CEO and founder. “Most companies we deal with can never fulfill the full potential of their cost savings goals. They can only automate 50% of their transactions – the easy PO-based ones. We are excited about this new technology because it is the only one to also automate the most expensive transaction - exceptions. They can now capture the other half of their savings.”
With ISX technology underneath, Prodagio AP breaks new ground for financial transaction management and payment. Invoice automation means companies can manage exceptions at the lowest possible cost. Prodagio AP 5SX can do this with four innovative and unique technology components .
- Resolution Logic, which offers a library of rules based on 14 years of best practice and for AP and invoice processing comes already built into RoboProcessor. This library gives companies the benefit of others’ best practices from the start.
- Adaptive Expert System which automates exceptions and errant invoices by providing resolution suggestions in the form of “Fixlets”.
- Process Fault Intelligence which captures and reports real-time data on exception root causes and their frequency.
- User Configurable Rules Engine where companies can directly refine and expand the Resolution Logic Library creating new fixlets as new scenarios are uncovered based on process fault data collected.
Prodagio Software also announced plans to port its leading contract management and case management products to the ISX technologies in the 2nd half of 2011. This current innovation is the culmination of years of research and development. Going forward, Prodagio’s research and development will continue to focus on innovations that lower financial operating costs and increase management visibility.
In the 1990s, Prodagio Software emerged on the scene with a singular commitment – build great applications that solve business problems. Today, Prodagio leads the market with innovations that grant its Global 2000 customers complete visibility into critical business functions, reduced operational costs, stronger internal controls, and rapid payback. With Prodagio ISX, they are spearheading the jump to higher levels of dynamic automation in Invoices Processing, Contract Management and Case Management.