Cloud-Based Software automates Accounts Payable processes.
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Press Release Summary:
AP Express™, integrated into Oracle E-Business Suite applications, provides accelerated and accurate data entry, instant routing, and overall automated Accounts Payable process. Available via cloud, instantly routed documents reduce time on vendor inquiries and make all data searchable. In addition to functionality that eliminates time investments regarding copying, faxing, typing, filing, mis-filing, and lost invoices, solution also offers intuitive interface and optimized OCR technology.
Original Press Release:
Pittsburgh-based IT Services Firm Tier1 Inc. Unveils AP Express(TM) - Cloud-Based Accounts Payable Automation Software That Integrates with Oracle E-Business Suite
PITTSBURGHÂ – Pittsburgh-based IT Services Firm Tier1 Inc. announced the availability of AP Express™, a powerful cloud-based software solution designed to help automate the process of Accounts Payable. Seamlessly integrated into Oracle E-Business Suite (EBS) applications, AP Express provides faster, more accurate data entry, instant routing, and an overall automated Accounts Payable process. It is more efficient than the manual approach, helps to eliminate paper, and is more cost effective than competitors' solutions. "We're doing what we've always wanted to do at Tier1 - provide the highest level of service and value to companies running Oracle applications and technology," says Dave Busch, Tier1 CEO.
Busch continues, "Tier1 has been providing consulting and managed services around EBS for over 11 years and we've had a number of customers express their unhappiness with their AP automation software. Their issues were across the board; the solution was very expensive, coming in at $250,000 and up for hardware, software, implementation, and ongoing maintenance and support. Competitive software also took a long time to implement and was overkill for their needs, and finally, it duplicated functionality they had already configured in EBS."
A Better Way to Automate AP
AP Express is engineered to address all of these challenges. This single, cloud-based solution simplifies and automates an organization's AP processes at a monthly usage rate that's far below its competitors' costs. The software was developed specifically to integrate seamlessly with EBS, making the deployments very rapid. AP Express features a user-friendly, intuitive interface and industry-leading OCR technology. And the SaaS format means that organizations do not have to purchase hardware or software, or to pay a third party to implement it.
"We leveraged our extensive experience and built a solution that's tightly integrated with EBS to help get the product up and running quickly for our customers. So, for a low monthly fee, Oracle EBS users get the value of automating the AP process while reducing paper, manual errors, and costs," says Busch.
In addition to providing more value than other automated AP software, AP Express has many advantages over the still popular method of manually processing AP documents. The average cost of processing an invoice with a low level of automation can be as much as 20 times more than when implementing a high level of automation.* The software eliminates tremendous time and cost investments in Accounts Payable management, like copying, faxing, typing filing, mis-filing, and lost invoices. The OCR is more accurate than manual entry - saving time and costly errors. With these gained efficiencies, AP departments shorten payment cycles to earn discounts and eliminate late fees, resulting in better customer relationships, employee morale, and company credit ratings.
AP Express also decreases the large number of touches required for manual routing. Many organizations spend as much as $16 and 16 days to process a single invoice. For those that automate and integrate AP processes as part of a larger networked strategy, those numbers can drop 75% - to less than $4 and just 4 days.** With instantly routed documents available via the Cloud, there's a marked reduction in back and forth time on vendor inquiries, and all data is easily searchable.
The software saves organizations trouble too. Tier1 houses AP Express on their secure Cloud and provides 24/7 support and security. The software provides a comprehensive, real-time picture of an organization's AP and makes it easier to manage, even uncovering fraud while ensuring compliance.
To learn more about AP Express visit the Tier1 website at http://www.tier1inc.com/ap-express or to schedule a free demo, contact the company at info@tier1inc.com or 888.284.0202.
About Tier1
Established in 2003 and headquartered in Pittsburgh, PA, Tier1, Inc. is a leading provider of business consulting solutions and 24x7 managed services for Oracle applications. The company serves over 250 customers in a large range of industries, including manufacturing, technology, retail, and education, among others. They employ solely US-based consultants, and the average experience among Tier1 experts is over ten years. As an Oracle Gold Certified Partner, Tier1 has earned one of the highest Oracle designations, with expertise in Oracle E-Business Suite, PeopleSoft, Hyperion, Database, Business Intelligence, and Identity Management.
*IOMA's AP Department Benchmarks and Analysis, 2010
**Aberdeen Group's AP Invoice Management in a Networked Economy, May, 2012
CONTACT:
Jacky Ifft
Phone: (412) 381-9201 X 143
Email: jacky.ifft@tier1inc.com
