BancTec

Company overview

BancTec effectively automates your complete accounts payable process via a cloud-based hosted platform. With a worldwide network of processing centres and shared services infrastructure, BancTec offers business enterprises the possibility to securely outsource all accounts payable tasks including; invoice document capture, data conversion, full AP workflow approval and ERP payment posting.

BancTec's AP services are built on the industry’s most advanced software and hardware solutions including BancTec’s production document scanning systems, invoice capture and accounts payable (AP) automated solutions. BancTec has over 10 years domain knowledge in hosting invoicing and AP multi-client environments. This has resulted in BancTec establishing one of the world’s largest AP outsourcing infrastructures, enabling global enterprises to significantly lower the processing cost per invoice and gain improved financial management.

BancTec’s AP cloud-based services manage the complete AP process from start to finish. Document scanning and automated data capture and validation services eliminates the need to perform repetitive data entry tasks and guarantees your invoicing information is captured accurately.

BancTec's user-defined workflow further reduces costs by streamlining your AP processes to ensure faster and more accurate invoice throughput. On-screen work lists notify employees and supervisors of important approval tasks and payment due dates, to ensure payments are made on time and to take advantage of better cash flow management. Customised reports provide increased visibility into cycle times, bottlenecks, employee productivity and allow for workload balancing and month-to-month and year-to-year analysis.

BancTec's cloud-based AP services offers the best choice on the market for handling accounts payable procedures, reducing costs and letting you focus on what you do best: your business. Our services can be customised to address any company's specific needs and requirements. BancTec can even handle the complete outsourcing of any associated transactional task. We help ease the burden of managing non-core operations enabling you to take a more strategic view - ensuring accounts payable activities contribute to your company's bottom line objectives.

Features:

• Flexible, pay as you use, outsource service
• Secure receipting, post opening and document preparation
• High speed, quality assured scanning of invoices
• Unique invoice classification and ID
• State-of-the-art line item capture and balancing capabilities
• Full adherence to client SLA requirements
• Secure transmission of information to host application or ERP system
• Dashboard monitoring and reporting of processing tasks and results