Saves 40% over Manual Processes; Interfaces with Any ERP System

 

ATLANTA (April 7, 2009) - SEEBURGER Inc. today announced the availability of 4invoice, its advanced automated invoice processing solution, in a standalone edition for enterprise finance and accounting departments. Originally developed as an extension of the company’s EDI/B2B platform and successfully implemented in dozens of organizations, 4invoice slashes invoice processing costs as much as 40% by automatically interpreting, validating, formatting, routing and posting data from paper, fax and PDF invoices into any ERP system – without requiring any changes to suppliers’ own invoicing procedures.

 

4invoice’s fast automated processing also shrinks payment cycles from roughly one month to just a few days, improves cash flow, increases use of early payment discounts and rebates, and streamlines compliance with corporate and regulatory requirements. These benefits are achieved through more extensive automation and deeper ERP integration capabilities than any alternative solution, including:

• Freeform data recognition from paper, fax and PDF invoices, enabling automated data capture as documents are scanned into the system. SEEBURGER’s technology intelligently detects and categorizes invoice data by field regardless of where it is positioned on the page, eliminating the need to create templates mapping the data locations for each supplier’s invoice format.
• Artificial intelligence that further reduces costs by allowing any exceptions that must be handled manually to be stored and remembered specifically for each supplier. Over time this increases recognition rates, reduces exceptions requiring manual intervention, and provides incrementally faster invoice processing. 
• Data exchange with any ERP system, including SAP, Oracle, NAVISION, Baan, JD Edwards, PeopleSoft or any combination for organizations that have disparate systems across multiple business lines. For SAP shops, pre-built SAP-specific integrations and customizable workflow templates minimize implementation time while also providing an invoice console that allows users to monitor and manage invoice operations within the SAP environment.

4invoice also features configurable workflow allowing inbound invoices to be electronically routed through an organization’s approval processes, improved invoice visibility enabled by ERP integration, and proven scalability. One customer, for example, uses 4invoice to manage over 88,000 suppliers submitting more than 3,500 invoices on a daily basis.

 

In addition, 4invoice is the only solution that can support both paper and electronic documents, enabling the same platform to be used both for automated invoice processing and for EDI/B2B operations using EDI, XML and other electronic business formats. This simplifies the IT infrastructure and leverages the 4invoice investment. 

 

“Over 80% of invoices are still received by paper or fax and require manual data entry, with associated costs, errors, lost invoices and processing delays. 4invoice eliminates these inefficiencies by capturing the data electronically and automating all of the validation and approval processes that must be completed before it goes into the organization’s ERP system,” said Bill Metallo, SEEBURGER VP of Sales.  “No other solution on the market today has the level of automation or integration available with the 4invoice platform.”

 

The 4invoice solution is powered by the SEEBURGER Business Integration Server, a B2B gateway that has been used for more than two decades to enable some of the largest companies in the world to exchange orders, shipping notices and other electronic trading documents with their customers and suppliers.

4invoice is available directly from SEEBURGER (www.seeburger.com).

SEEBURGER is a leading provider of global business integration solutions designed to optimize transactions throughout the extended enterprise by automating trading relationships with all partners regardless of their size and technical resources.  Launched in 1986 to provide integration solutions to the automotive industry in Germany, the company today is ranked among the top business-to-business gateway providers by industry analysts, and serves more than 7,800 customers in 50+ countries and more than 15 industries through its flagship B2B Gateway and related products and services.  SEEBURGER has global offices in Europe, Asia Pacific and North America, including a U.S. office that opened in 1998. 

 

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