According to prominent industry analysts, top performing organizations pay roughly one third of the costs to process a vendor invoice than a typical accounts payable organization. How do they do this? Automation and paper elimination is critical. Just as important – and more often overlooked - is the management of supplier information to make streamlined invoice automation a reality.

At the same time, especially in today’s credit environment, everyone knows that cash is king. And the smaller the organization, the dearer it is. That’s why it can be attractive to pursue discounted or dynamic payment terms with suppliers in exchange for earlier payment. But if these initiatives are to get past even an organization’s largest suppliers, it becomes critical to automate the supplier information management process.

Aravo SIM:

• Provides a data platform that enables invoice automation, payment terms and other related initiatives to take form
• Centralizes the collection of supplier banking and related financial information
• Delivers Web-based, on demand dashboards to track progress and status
• Provides executive-level and project-level reporting
• Includes standardized process management and best-practices and automation
• Provides flexible, configurable rules and validation