KnowledgeLake Introduces Scalable Accounts Payable Automation Solution for SharePoint
St. Louis, Missouri - March 18th, 2012 - KnowledgeLake, the SharePoint ECM company, is excited to announce today the launch of their Accounts Payable Solution for Microsoft SharePoint. KnowledgeLake's Accounts Payable (AP) solution is a robust platform that facilitates paper and electronic data capture, workflow automation, search and retrieval, ERP integration, and real-time analytics.
Powered by Microsoft SharePoint, the framework accelerates deployment time, enabling organizations to quickly reduce invoice processing costs, improve operational productivity and achieve rapid ROI. KnowledgeLake's invoice processing software can be easily configured to fit existing accounts payable approval workflow without disrupting an enterprise's unique business processes.
"We created this solution framework to heal the key pain points our accounts payable clients experience from purchase to payment, day in and day out." said Jason Burian, director of customer excellence at KnowledgeLake. "As AP departments are continually tasked to 'do more with less,' this solution fosters a pain-free transition to AP automation."
KnowledgeLake delivers key accounts payable automation benefits that include:
- AN INCREASE IN ACCOUNTS PAYABLE COST SAVINGS - Significantly reduces the costs of processing invoices, purchase orders, checks, receipts, packing slips and other paper-based documents. It removes hidden costs associated with storing, searching and finding paper documents located in storage rooms.
- A BOOST IN STAFF PRODUCTIVITY - Increases productivity by standardizing or automating repeatable tasks at every stage of the accounts payable process. It reduces risks and human errors from late payments, double payments, lost payments, etc.
- MAXIMIZED ROI FROM YOUR MICROSOFT INVESTMENT - Using SharePoint for accounts payable drives user adoption and increases end-user satisfaction by deploying a cost-effective and low-risk solution that uses proven SharePoint ECM technology. Initial end user training and ongoing solution support is minimal.
- DEEP INTEGRATION WITH YOUR SYSTEMS AND SOFTWARE -The solution integrates with nearly all ERP software platforms, including Microsoft Dynamics. This integration facilitates immediate access to all financial documents without navigating away from the ERP system. Organizations save money on ERP licenses since document approver licenses are not needed within SharePoint.
"With KnowledgeLake, we were able to achieve an all-in-one solution so our accounts payable clerks don't have to go through the cumbersome process of keying in information manually," said Brian Griffeth, senior systems analyst, TricorBraun.
The KnowledgeLake Accounts Payable solution is currently available and will have its official launch at the Microsoft Convergence Conference (March 18 - 21, 2013.)
KnowledgeLake develops document imaging related products and solutions for Microsoft SharePoint. KnowledgeLake extends the ECM capabilities of SharePoint, enabling businesses to reduce mailing costs, streamline operations, and achieve regulatory compliance using familiar Microsoft products that most businesses already own and use. KnowledgeLake products and solutions are deployed globally in thousands of organizations in many different horizontal and vertical industry sectors including public sector, healthcare, financial services, transportation and more. For more information, visit www.knowledgelake.com.
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