We are an experienced provider of accounts payable invoice processing services – Optimizing AP processing since 2001 – 1,000,000+ invoices p.a.
We have developed a robust proprietary platform for data capture, verification and quality assurance – ‘CUBE AP’ platform written bottom up for finance processing.
Cube AP provides One solution for complete Accounts Payable
- Invoice receipt by courier, fax, post or electronic format.
- Scan and capture.
- Invoice workflow and exception management.
- Business rules application for 2,3 and 4 way matching.
- Multiple outputs to adapt to customer ERP requirement.
- Index archive and retrieval.
- Scalable solution with multiple deployment options.
- Business Rules, failure correction.
- Manual validations against image for marginal exception.
- Supplier ID validation fails due to the old data in the master vendor table.
- Invoice amounts of variance to the Purchase Order.
- Clean and update master vendor records to improve auto-matching.
- Handwritten instruction on images.
- Substitute product delivered to ordered (product id mismatch).
- Rules based exception handling as a first step to improve Straight Through Processing for Client.
- Escalation via workflow for appropriate items.
Data Submission and Reporting
- XML file with invoice/claims data for automatic upload.
- Frequent list of accruals.
- Reports on number of documents, images, line items, amounts.
- Spend v/s budget (if we have budget data).
- Vendor statements showing paid, unpaid, overdue.
- Exception reason reports.
- Customized reporting.