Advanced Automation for Your Accounts Payable Team
Fast. Accurate. Easy.
Dynamic Payables™ saves your department time and reduces the costs associated with invoice processing while also providing increased visibility and compliance. Through an integrated suite of software components, Dynamic Payables automates your AP process by bridging the gap between paper and full electronic processing.
The power of Microsoft SharePoint Server 2007, Windows Workflow and the world-class document-capturing technologies of Kofax are combined with 5280 Solutions' services to empower your team to meet increased payables volume and maintain service levels without additional staff.
Time-Saving Features
On average, our customers can cut 40% to 60% of their invoice processing time and costs.
Scan invoices so Dynamic Payables can find and extract critical information. If an invoice has a suspect field, it is flagged for quick corrective action. This software effectively:
- Matches invoices to PO-based purchases to enable 2-way and 3-way matches
- Manages check-request non-PO origination, coding and approval processes
- Handles Purchase card transaction to receipt association, coding and approval processes
- Helps you meet internal objectives, compliance and mandated requirements
Secure Document Storage
You’ll have a comprehensive contextual document library at your fingertips.
With Dynamic Payables your payable documents, including emails, are not only stored securely, but they are also immediately available for review from any workflow process point or accounts payables screen.
- Store and manage all payable-related documents securely in one place
- Provide context by linking all relevant documents to an invoice transaction
- Retrieve and review payable-related documents from any accounts payables screen with the “find-it” key
Streamlined Process
Where is it? Who’s approving it? Why hasn’t it been paid?
Solve these age-old questions in seconds using a reporting dashboard that provides authorized parties with a view of overall throughput and single-item inquiries.
- Identify and resolve bottlenecks and vendor disputes in seconds
- Communicate areas of exposure (penalty and discount concerns)
- Provide a baseline to gauge the effectiveness of new policies
- Automatically route match exceptions to a workflow queue for operator attention and correction
- Use e-forms to deliver exception and approval interaction via e-mail
- Create payable transactions as invoices are matched and/or approved for payment processing
Back to Top