Improve the Speed and Accuracy and Lower the Cost of Key Business Processes in SAP Systems FS² AccountsPayable is an SAP-Certified software add on that helps businesses lower the cost and improve the speed and accuracy of key business processes in SAP systems through faster, flexible information capture, optimized processing, and advanced reporting and analytics. It provides a solid framework for improving document-driven processes for Accounts Payable.
Improve the Speed and Accuracy and Lower the Cost of Key Business Processes in SAP Systems
FS² AccountsPayable is an SAP-Certified software add on that helps businesses lower the cost and improve the speed and accuracy of key business processes in SAP systems through faster, flexible information capture, optimized processing, and advanced reporting and analytics. It provides a solid framework for improving document-driven processes for Accounts Payable.
Faster, Flexible Capture
Capture invoices, orders, payment information quickly and accurately using both manual and electronic capture methods so information moves quickly into the system of record — SAP. With FS² AccountsPayable, organizations can automate the labor-intensive manual capture process while also introducing electronic capture to improve the speed and accuracy of processing.
FS² AccountsPayable provides organizations with the flexibility to choose the capture method or methods that work best for the business, whether that is Optical Character Recognition (OCR) solutions for in-house or outsourced capture and processing or electronic invoicing methods. More . . .
Optimized Processing with Real-time Information
Centralize, standardize, and automate processes in SAP applications using FS² AccountsPayable’s highly configurable business rules and SAP workflows. The robust processing capabilities provided with FS² AccountsPayable enable organizations to track and manage processes in real-time, so they can be completed as quickly and efficiently as possible.
Key capabilities include:
• Over 50 pre-built validations to ensure information is accurate and error-free
• Configurable business rules to automate workflows and facilitate touchless processing
• Over 80 status codes to enable discrete tracking of processes from end-to-end
• Real-time information and quick access to actionable items from the InfoCenter
• Simplified approvals with notifications and escalations to ensure timely processing
• Seamless integration to ArchiveLink-certified repositories for cost-effective storage of and easy access to supporting documents
FS² AccountsPayable leverages the powerful SAP workflow engine to automatically route information for processing to the appropriate process owner or business user. If no approvals or exception handling are required, FS² AccountsPayable can automatically complete the process, saving time and effort. More . . .
Advanced Reporting and Analytics
Monitor business processes from start to finish using the vast library of key performance indicators and reports available out-of-the-box with FS² AccountsPayable including: vendor inquiry management, payment block processing, detailed audit trails, reports on vendor performance, workload metrics, accrual reporting, processing statistics, and vendor statistics.
The Launchpad provides users with a graphical dashboard acts as a centralized reporting hub. Users can add any FS² AccountsPayable, SAP, or custom report to the Launchpad; group reports by categories; and save personalized report variants so they always have access to the information they need. More. . . .
Business Process Specific Capabilities
Companies can extend the advanced processing capabilities available with FS² AccountsPayable with other FS² solutions. Each FS² solution leverage the advanced reporting and process automation capabilities. Organizations that have implemented FS² solutions for one business area can easily extend the solution to provide the same data and document capture methods, best practice-based workflows, and reporting capabilities to other areas of the business.
Accounts Payable: As more businesses look at automating and optimizing existing manual accounts payable processes, the FS² AccountsPayable. enables organizations to process invoices quickly according to unique business processes.
Accounts Receivable: As business-to-business payments by check are declining steadily, companies need solutions to manage the increase in electronic payments including Automated Clearing House (ACH) and Electronic Data Interchange (EDI). FS² AutoBank provides key capabilities that enable organizations to manage more payments in house using SAP applications.
Order Management: Orders drive the entire sales and distribution process and complex or manual processes slow down order processing and result in costly errors downstream. Order Management enables the fast, efficient capture and processing of orders so essential information is available online, in real-time driving dramatic performance improvements in the order-to-cash process.
Journal Entry: Complex corporate journal structures, maintained in spreadsheets, and stringent intercompany accounting requirements can slow down the financial close process. FS² Journal Entry enables organizations to automatically capture, code, approve and post journal entries with ease.
Human Resources: Document intensive applicant and employee processes can make it difficult for organizations to access all the information they need when they need it. Human Resources enables organizations to automatically capture and process employee and applicant records, improving the speed and accuracy of human resource processes and ensuring that the entire process is auditable and complies with corporate and legal retention polices.