Welcome to IPS Insights, our quarterly email newsletter. In each issue we aim to provide you with insights on how IPS is digitizing business.
Not too long ago, paper invoices ruled. Then along came EDI. Now, email is favored delivery mechanism for invoices. At IPS, we have the means to flow data from any invoice into your AP system completely automatically. Payment preapprovals, payment post-approvals, complex coding, routing and allocation - our unique blend of technology, invoice management experience and complex capture rules can handle it all, automatically. Best of all, the data can be imported directly into leading ERP systems.
Major four-hospital system improves
AP processing with help from IPS
Accounts payable was becoming unsustainable for a major four-hospital system in the New York Metro area. More and more invoices were arriving via email attachments - and being lost in overcrowded inboxes. Old paper invoices were "stored" everywhere. The chain needed a completely automated AP system; one in which data would be captured and processed immediately, without the need for any manual intervention. They found such a system with help from IPS.