Archive Systems pioneered the automation of the accounts payable function with its innovative solutions
Sunnyvale, CA and Fairfield, NJ (PRWEB) February 10, 2009
Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that Archive Systems, a leading provider of accounts payable automation services, will leverage its offerings to enhance the e-invoicing services it provides to customers worldwide. Under the terms of a newly signed agreement, Archive Systems will use the Ariba® Supplier Network™ to eliminate paper invoice conversion and support straight-through processing for its customers using ASPEN 360 Accounts Payable Edition.
"The future of AP invoice processing is clear. Electronic invoices will be generated by a vendor's ERP and electronically transmitted to the buyer's automated invoice processing system which will pass them seamlessly to the buyer's ERP - all without human intervention," said Dave Craig, President of Archive Systems. "By combining the Ariba Supplier Network and our AP automation workflow, we can make this possible for our customers today."
Archive Systems will use the Ariba Supplier Network to enable ASPEN 360 customers to receive e-invoices automatically from their vendors and approve them programmatically when rules allow and complete the accounts payable process faster and more efficiently.
"Archive Systems pioneered the automation of the accounts payable function with its innovative solutions," said Drew Hofler, Senior Manager, Financial Solutions, Ariba. "In choosing to leverage Ariba's offerings, Archive Systems is taking things to a new level by providing its customers with access to market leading technology and a powerful trading network they can leverage to deliver immediate, measurable and sustainable results."
If a vendor isn't taking advantage of e-invoicing technology yet, they can still submit invoices to ASPEN 360's Invoice Virtualization Center (IVC) for document conversion and data capture. The invoices will be prepped, scanned, and indexed at the IVC prior to loading into ASPEN 360. But as Craig notes, "The enhanced e-invoicing capabilities now offered through the Ariba Supplier Network provides a significant cost reduction for ASPEN 360 customers who wish to do straight through processing. E-invoicing and the Ariba Supplier Network avoids the expense of scanning and capturing line-item-details from a paper invoice."
To learn more about Archive Systems and its ASPEN 360 solution, visit http://www.archivesystems.com. For more information on Ariba's Invoice and Payment solutions and the results they are delivering for companies around the world, visit http://www.ariba.com.
About ASPEN 360 Accounts Payable Edition
ASPEN 360 Accounts Payable Edition automates AP processes by combining industry best practices with ZeroTouch™ imaging and workflow. This on-demand solution dramatically increases staff productivity, enabling AP departments to handle growing invoice volumes without adding people or reassigning resources. It overcomes this automation resistance by integrating the Invoice Virtualization Center with Straight Through Processing, ZeroTouch processing, and enhanced exceptions handling. For more information, please visit http://www.archivesystems.com/aspen360/APedition.asp.
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit http://www.archivesystems.com.
About Ariba, Inc.
Ariba, Inc. is the leading provider of on-demand spend management solutions. Our mission is to transform the way companies of all sizes, across all industries, and geographies operate by delivering software, service, and network solutions that enable them to holistically source, contract, procure, pay, manage, and analyze their spend and supplier relationships. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain performance. More than 1,000 companies, including more than half of the companies on the Fortune 500, use Ariba solutions to manage their spend from sourcing and orders through invoicing and payment. For more information, visit http://www.ariba.com
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