Litco Systems Announces Transform™ AP for Oracle® E-Business Suite

Markham, Ontario (PRWEB) January 18, 2010

Litco Systems announces the release of a powerful accounts payable automation software, Transform™ AP for Oracle® E-Business Suite.

Invoice processing is a labour-intensive and time-consuming activity. Transform™ AP helps organizations modernize this process with a single solution, tightly integrated with E-Business Suite, that manages and streamlines critical and challenging aspects of the AP invoice process.

With Transform™ AP, organizations gain full visibility of each invoice as it progresses through various stages of matching, coding, approval, and exception handling. In addition, Transform™ AP leverages a standard E-Business Suite Zoom Button and Attachment feature to provide standard AP users the ability to retrieve the invoice within E-Business Suite, as well as outside E-Business Suite via a Web-based portal for non-Oracle licensed users.

“Transform™ AP breaks the traditional and costly model of paper-based invoice processing while allowing organizations to protect and preserve their existing Oracle investments”, said Luca Loria, President of Litco Systems. “Now organizations can gain full visibility into the status of invoices in-process, and the facilitation of routing, electronic coding, approval and posting of invoice data directly into E-Business Suite.”

Transform™ AP from Bottomline Technologies is the product of more than 15 years in partnership with Oracle, and reflects the experience of implementing solutions for more than 1,000 Oracle customers worldwide. Through innovative web based user interaction, imaging, and document storage, Transform™ AP extends the accounts payable processing functionality in Oracle® E-Business Suite. The result is an unparalleled AP user experience alongside of E-Business Suite, and a highly agile business process designed to meet an organization’s unique AP invoice processing needs.

Transform AP Business Benefits Include:

• Reduced implementation costs with proven integration to Oracle E-Business Suite
• Automated 2- and 3-way matching of PO-based invoices increases AP processing efficiencies and reduces errors
• Online G/L coding with integrated E-Business Suite validation and automated approval routing, including email notifications and escalation rules, reduces time to process non PO-based invoices
• No incremental E-Business Suite licensing costs for non-AP users in the invoice approval cycle
• Use of the familiar E-Business Suite interface eliminates the need for AP retraining while reducing costs and shortening implementation cycles for staff acceptance testing
• Electronic imaging and archive capabilities remove paper storage and handling costs
• Storage of multiple related document types, including purchase orders, check copies and remittance advices, as well as other ad hoc documents provides a comprehensive view of each transaction

About Litco Systems Inc.:
Litco Systems Inc. is a recognized expert in Document Process Automation, providing a comprehensive set of solutions including output management, business intelligence and web portal solutions. Founded in 1987, Litco Systems Inc. is head-quartered in Markham north of Toronto, with offices in Vancouver and Montreal and is the Canadian authorized distributor for Bottomline & QlikTech Inc., software solutions.

For more information on the solutions offered by Litco Systems Inc. visit: http://www.litcosystems.com .

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