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npower Installs BancTec Document System To Speed Invoice Handling

Friday 26 November 2004 00:07 CET | News

npower has installed an automated invoice processing system from integration specialist, BancTec Limited, to process the 100,000 pluspurchase invoices it receives annually.

Incoming invoices can now be scanned and processed automatically reducing errors and improving efficiency for the companys accounts department. The new BancTec system scans up to 1,000 supplier invoices per day at the Account Payable section of npowers Shared Service Centre in Worcester. The system has been linked to npowers Oracle Financial system and can not only identify the supplier but also locate and validate the invoice against purchase orders and perform arithmetic checks on the figures. The new system also archives all the scanned invoices. Financial administrators can call up the invoice image from within the accounts software or from a web-based solution provided by BancTec. Electronic archiving also removes the need to store paper copies of invoices for six years.


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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


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