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Payments software. (Technology Tools).


BCE BCE
abbr.
1. Bachelor of Chemical Engineering

2. Bachelor of Civil Engineering



BCE

Abbreviation for before the Common Era.
 Emergis has brought out a new solution aimed at fully streamlining a company's accounts payable (A/P) processes. Targeted at businesses with significant A/P overhead, the patent-pending Emergis[R] e-Invoicing for Payables solution is geared towards increasing control over cash outflows while reducing A/P costs and enabling more accurate cash management through enhanced invoice and payment visibility.

Emergis e-Invoicing for Payables builds on the company's suite of electronic invoice presentment and payment (EIPP EIPP Electronic Invoice Payment and Presentment
EIPP Electronic Invoice Presentment and Payment
) solutions, eliminating unnecessary costs associated with A/P processes, and providing a platform for more productive collaboration with suppliers, regardless of their level of technological sophistication so·phis·ti·cate  
v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates

v.tr.
1. To cause to become less natural, especially to make less naive and more worldly.

2.
.

The buyer-focused EIPP solution complements existing electronic data interchange See EDI.

(application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce.
 (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) or enterprise resource planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) investments, offering companies a means to not only receive invoices electronically, but also to facilitate dispute resolution and provide suppliers with a self-service view into the status of their invoices and payments.

Recognizing that adoption by the supplier community is critically important to successfully streamlining the A/P process, Emergis e-Invoicing for Payables is supported by Fast Lane, a comprehensive adoption program designed to accelerate a return on the solution's investment.

BCE Emergis also makes it simple for a company's A/P department to bring its suppliers on board by offering a wide range of options for the submission of their invoices.

With Emergis e-Invoicing for Payables, companies can eliminate manual data entry while improving process efficiencies with online collaboration tools and dispute resolution -- in effect, providing a centralized view of where invoices are in the workflow for both buyers and suppliers.

By receiving invoices electronically, cash managers and treasurers obtain a real-time picture of their liabilities and can use this critical information to make better-informed decisions by finding the right balance between borrowing to cover payables and paying early to take advantage of trade discounts.

Web: www.emergis.com
COPYRIGHT 2003 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Financial Executive
Date:Jul 1, 2003
Words:307
Previous Article:Mid-sized firms report sizable pension woes. (Pensions).(under-funded plans)
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