Accelerate your Invoice Approval Workflow
Streamline and accelerate every step of your accounts payable workflow process.
COR360 provides you with a comprehensive Accounts Payable workflow solution and presents an online view of invoices throughout the review, approval, and payment process. Our invoice automation
solution provides for invoices to be scanned, indexed,
and stored in a centralized repository, then routed electronically to the appropriate person for approval based on configurable business rules specific to your company.
Throughout the invoice approval process, you can incorporate rules that alert you to duplicate invoices, route invoices above a certain dollar amount to particular staff, route invoices based on matching exceptions to POs and receipt of goods,
and perform workload balancing. Workflow alarms and notices speed approval times by notifying users as invoices arrive and when time limits for review and approval are exceeded.
Smart Routing
Once electronic, the invoices are automatically Smart Routed through the organization without human intervention, based on configurable business rules for your company. Benefits include:
- Faster approval and accelerated turnaround time
- Ability to handle up to 70% more invoice volume without adding to staff
- Elevation of Accounts Payable processors to knowledge workers
- No more lost invoices
Invoice Workflow Inbox
Invoices arrive in a user’s inbox in the new invoices section. Additionally, users can suspend work on invoices and categorize them in the pending section of their inbox. Finally, users can route copies of invoices which arrive in the cc section
of their inbox.
Sample screenshot of a standard inbox in COR360.
Invoice Workflow
COR360's Accounts Payable automation solution features Smart Routing, which streamlines the movement of invoices through the approval process by intelligently knowing where invoices need to go next. When users click on the approval icon, configurable
invoice delegation of authority rules for your company are used to determine routing in regards to:
- Higher approval requirements
- Account number allocation rules
- Routing for PO match exceptions
- Routing to Accounts Payable
