E-invoicing News: Image Integration Systems and OPEX become partners | Montage select BirchStreet for Procure-to-Pay Platform

December 20, 2011  |  Invoice Automation, North America

Image Integration Systems and OPEX Announce Partnership

Image Integration Systems (IIS) has entered into a cooperative partner agreement with OPEX Corporation. IIS is a provider of the DocuSphere® solution for accounts payable automation. OPEX is a recognized global technology leader in high-speed mailroom automation and document imaging.

Together, OPEX and IIS offer a solution that goes from incoming envelope to electronic routing all the way through a ready to pay transaction. This:

  • offers visibility to invoice documents from the moment they enter the organization,
  • allows for improved process efficiencies
  • allows for a lower average cost per invoice.

Once the documents have been scanned by OPEX, the images are passed into the DocuSphere system, where they are electronically routed, data is lifted without the need for templates and invoice data is processed virtually “hands-free” incorporating  tight integration with existing ERP systems.

Montage Hotels & Resorts Select BirchStreet for Procure-to-Pay Platform

Montage Hotels & Resorts selected BirchStreet Systems to provide them with procure-to-pay (P2P) platform. BirchStreet Systems a procure-to-pay provider for enterprises around the world. Montage Hotels & Resorts is a luxury hotel brand that manages three world-class properties in the U.S.

The P2P application suite is to be implemented at Montage Laguna Beach, Montage Deer Valley and Montage Beverly Hills.  The rollout includes:

  • e-Procurement
  • AP Automation
  • Advanced Approvals
  • Declining Checkbook Drilldown (to monitor budget versus actuals on a real-time basis.

Using the P2P platform:

  • Montage’ suppliers are directed to send all invoices to a centralized processing center
  • there an OCR and QA process creates electronic versions of each paper invoice.
  • The e-invoice are transmitted to an automated 3-way-matching engine (invoice, purchase order and receiving record).
  • An electronic image of the paper invoice is also generated and attached to the corresponding record.

Related Posts

Comments are closed.