Skelta Accounts Payable Process, Invoicing Software and Solution, Automation of accounts payable workflow, cash management software

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Solutions

	Overview
	Solution Framework
		Accounts Payable
		Document Management
	Solution Scenarios
		Accounts Payable
		BPO Management
		Leave Management
		Expense Management
		Capital Expenditure Management
		Document Management
		Enterprise Content Management
		Enterprise Risk Management
		e-Governance
		Human Resource Information System

Accounts Payable

Skelta Accounts Payable ensures lower operating costs, while simultaneously facilitating better financial planning, better vendor relationship management and adherence to audit requirements.

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	Case Study - Streamlined, Accounts Payable at Roland DGA

	Skelta Accounts Payable Solution Whitepaper

	Is your Accounts Payable Solution working for you? Think Again.

Enterprise Challenges

Enterprises today face key challenges in managing the accounts payable process, including:

High invoice processing costs.
Lack of visibility in terms of late payment obligations.
Erroneous payments on account of duplicate documentation.
Inability to meet audit and compliance requirements.

Features

Skelta Accounts Payable solution is a completely web-based vendor invoice processing
solution that:

Streamlines the order-to-pay cycle.
Skelta invoicing software automates invoice verifications and approvals by activity owners.
Provides out-of-the-box processes for processing invoices with POs, expense vouchers, recurring payments and expense accruals.
Ensures compliance with internal controls and procedures.
Offers advanced document management system capabilities.
Customizable alerts, escalations and analytics.
Transforms paper-based approvals to electronic approvals.
Interfaces with leading ERP like SAP and other applications using Skelta Object Access (SOA).

Benefits

Click to view each benefit in detail.

Hosted solution ensures lower Total Cost of Ownership

- No software maintenance costs.
- Easy upgrades possible.

Out-of-the-box Approval Processes

- Out-of-the-box processes for invoice with PO, Non PO and expense vouchers.
- Matrix based approval.
- Multi-stage approval with each stage supporting matrix approvals.
- User friendly configurations for matrix approvals.
- Customizable workflows that can be modified by business users.
- Completely web-based: supports centralized, distributed & hybrid processing models.
- Enable approvals through email, web, SMS and more.
- Multi-level escalations and follow ups.

Traceability, Accountability and Powerful Analytics

Skelta Accounts Payable software ensures complete traceability and accountability. It provides for:

- Visibility and transparency to track every invoice from receipt to payment.
- Exception handling procedures.
- Support for alternate approvers.
- KPIs for overdue and performance analysis.
- Powerful web-based, real-time reports and analysis on process execution.
- KPIs and performance management to ensure payment as per terms.
- Customizable alerts and escalations for fraud detection and exceptions.

Vendor Management

- Automated vendor notification and communication.
- KPIs and data points for overdue analysis.
- Activity-based benchmarks and variance analysis.
- Vendor-based escalations to ensure payment within due dates.

Comprehensive Document Management

- End-to-end document life cycle management from point of document receipt to disposal.
- Integration with leading scanning hardware for scanning & storage of vendor invoice and supporting documents.
- Powerful search and retrieval capabilities.
- Document annotation for easier validation.
- Split-screen displays for easy comparison.

Application Integration

- Integration with SAP and other ERP systems for verification against PO, vendor codes and previous payments.
- Capabilities for integration with electronic payment processing systems.

Anytime, Anywhere Access

- Access to the accounts payable process from web, email.
- Support for task delivery and response through PDA, SMS, Voice and other channels.
- Seamless integration with Microsoft Outlook - receive and respond to accounts payable tasks from Outlook.
- Anytime, anywhere access that supports multiple processing models - centralized, distributed and hybrid.

Queue Based Architecture for Faster Processing

- Invoice processing queues
- Verification queues
- Escalation queues
- Prioritization queues
- Configurable dispatch patterns such as FIFO, LIFO etc.

Prioritization to ensure Better Financial Planning

Prioritization based on:
- Vendor priority
- Discount amounts
- Due dates

Skelta Accounts Payable software thus serves as an effective cash management software.

Comprehensive Reporting

- Comprehensive Reporting
     Vendor Invoice - Invoice Summary
     Vendor Invoice - Details
     Vendor Invoice - Payment Status
     Vendor Ageing
     Payable - Pending (Period based)
     Payable - Paid (Period based)
     Payment - V/s Due Date
- Creation of user defined reports
- Configurable KPIs

Skelta Accounts Payable - How It Works ?

Skelta Account Payable ensures smooth workflow, maintaining audit trails at every stage while ensuring flexibility for approvals and prioritization of payments. The dynamics of this accounts payable solution is as illustrated below.

Dynamics of Skelta Accounts Payable Solution
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Skelta is a leader in empowering enterprises with process driven technologies. Allow us to optimize and automate your accounts payable processes.