Seek qualified vendors to supply Accounts Payable Software and Services that manage the entire payment processing function, improves ability to maximize earned rebates and tax compliance and provides detailed reporting capabilities. Eliminate manual tasks, accelerate approvals, take control of the AP process and initiate Vendor Payments. The winning software/service solution must cut processing time, track and archive invoices electronically and streamline workflows. The solution should fully integrate with the existing accounting system and possess the following features: Limited data entry or scanning 24/7 visibility of invoice, payment and approval status Ability to approve invoices from anywhere Provide a process or software to assist with maximizing rebate opportunities on eligible transactions and encourage higher adoption of electronic payments to vendors Ability to pay suppliers quickly, efficiently and with the method the vendor prefers Keep existing bank relationships and pay suppliers with check and ACH, to virtual cards and credit cards Ability to record the action of each system user to provide a digital paper trail of all actions Ability to generate detailed, on demand reports Dedicated service teams for supplier management and payment execution
