Docuten: A unified solution for your Accounts Payable and/or Accounts Receivable automation needs, in one single fully-compliant cloud-based, scalable and secure solution.
Traditionally Accounts Payables departments employ slow and costly manual processes that lacks business intelligence and process controls. By automating these process, Docuten helps public and private entities to improve productivity, improve controls, reduce costs, and increase profits.
Additionally, besides the direct positive impact that AP automation have on the overall performance and financial results, it is rapidly becoming mandatory in more and more markets and for more and more economic operators because of the need of improving public spend all over the world, especially in Europe during the coming years.
Single point-of-reception for electronic capture and consolidation of all invoice data and related documents for approval workflow processing, whether received directly from ERPs or from the Buyer Portal. Provides 100% visibility into invoices for processing status or for accruals.
Matching, routing, splitting, and coding of invoices for approval. Automated upload and posting approved invoices to customer ERP system. Provides improved process controls and compliance with regulations and policies. Reporting, archiving, and system ACKs is provided by Docuten.
Approved and/or ordered payments are directly informed from customer’s ERP to suppliers. AP automation also provides the ability to create vendor self-service portals, reduce payment costs and revenue generation through enhanced AP dynamic discounts programs or fintech innovative solutions providers.
Accounts Receivable Automation
Traditionally Accounts Receivable departments employ costly manual processes that lack sufficient business intelligence and process controls. By automating these processes, the Docuten’s Accounts Receivable Solution helps businesses improve productivity, reduce Days Sales Outstanding, and increase profits.
Multiple e-Invoicing options to create, send, and track electronic invoices and payments along with related documentation. Provides intelligence on invoice reception and opening, supports “paper like” invoicing for non-automated receivers, and guarantees compliance based on regulatory and business rules.
The cashflow cockpit enables customers to capture and match invoice with payment, and reconcile utilizing remittance automatically. Reduces cash application team workload to unmatched exceptions.
Captures and links all invoice and support documents from multiple sources including advanced ship notes and other documents. Instant access to these documents empowers AR teams for rapid chargeback research, dispute and collections.