Automation of Invoice Processing
HYPERSUITE KWA: Supplier Invoice Workflow
HYPERSUITE KWA is a pre-packaged solution that works with your ERP system to streamline accounts payable processing. HYPERSUITE KWA optimises and simplifies the process of capturing, managing, monitoring and routing invoices and purchase orders. Vendor invoices are processed more efficiently and quickly; problem invoices are automatically routed for problem resolution, approval, and payment. HYPERSUITE KWA allows you to better manage all your invoices through a web-based interface where the accounting department, other company employees (for endorsement, etc.) and suppliers can collaborate to improve cashflow.
HYPERSUITE KWA is built on the so called FreeForm technology, which captures automatically the entire invoice, analyses and categorises data, and forwards designated financial data to your ERP system. In addition to the capturing automation this IMTF solution uses imaging and workflow as well as employing best-practice design for increased efficiency.
In a SAP environment, HYPERSUITE KWA for SAP can intelligently extract the invoice data in your SAP data model, deposit it into the SAP transaction and trigger the SAP workflow. HYPERSUITE KWA for SAP does not use any third party workflow tool, only your existing SAP business workflow. Invoices are archived via the SAP certified ArchiveLink in HYPERSUITE or any existing archive.
With HYPERSUITE KWA you can maintain decentralised process models, but the solution adds centralised control over the whole process and has been shown to be the source of massive cost savings with volumes of as little as 50 invoices per day. Improved cashflow, reduction in headcounts, more early payment discounts and faster problem invoice resolution are among the major benefits derived from deploying IMTF's HYPERSUITE KWA solution!