Have you embraced digital tools throughout your business, yet struggled to modernize your invoicing? AP automation remains a vexing issue for many organizations. Over half of all invoices are still printed on paper or emailed in formats that cannot be easily uploaded to AP automation systems, and most legacy invoice automation and imaging solutions automate only about 20% of key AP tasks. As a result organizations are stuck dealing with paper invoices, paper checks, lengthy approval cycles, manual data entry, and all the errors that can occur along the way. TekStream’s AP Automation business solutions help drive efficiency through intelligent automation to ensure you get the most out of your investment.
Despite the advent of EDI and e-Invoicing, 60% of invoices still arrive on paper or via email in formats that can’t be easily uploaded to your accounts payable processing systems. This requires manual entry, causing additional delays, costly errors, and frequent setbacks. Inspyrus’ imaging and invoice processing technology automates 90% of the invoicing process. Let TekStream manage your Inspyrus AP Automation solution so you can focus on growing your business.
TekStream simplifies the Inspyrus purchase and licensing process. As both Oracle and Inspyrus experts and resellers, we understand all the highly complex licensing rules that apply to both Oracle technologies and Inspyrus software. TekStream can be your single vendor for your Inspyrus AP implementation, eliminating complexity and cost and ensuring a smooth purchase, licensing, and deployment process.
Despite advances in cloud computing, accounts payable processing remains inefficient, error-prone, and time-consuming. Most cloud-based legacy invoicing systems automate only about 20% of key AP tasks. TekStream’s Inspyrus AP automation services allows you to finally automate over 90% of AP operations for a simpler invoicing process from start to finish– all using software that integrates with your ERP system in real time.
TekStream’s Inspyrus dynamic discounting services allows you to offer dynamic discounts to your customers. Dynamic discounting enables you to offer variable discounts throughout the purchasing cycles to incentivize early payment. This creates a win-win situation where you benefit from greater access to capital in the financial supply chain, and your customers get to maximize discounts according to their needs.
Dealing with supplier requests can put a serious drain on company resources. TekStream’s Inspyrus supplier enablement services allow you to dramatically reduce supplier support demands by offering your suppliers a simple, self-service portal to instantly view their invoice status, payments, and purchase orders. Additionally, our supplier enablement services utilize automation to accelerate invoice processing and early-pay discounts, resulting in fewer supplier support issues.
National Instruments empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 30,000 different companies worldwide. National Instruments was not interested in adding an additional cloud provider to their infrastructure. They needed an AP solution that integrated with on-premise EBS and Oracle ERP and could handle complex security requirements.