Additional information for Conterra FIM
Key features of Conterra FIM
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- ERP & FRS Integration
- Fine capture & recognition
- Intelligent checks for duplicates
- Flexible approval process
- Matching against POs
- Multiple capture sources
- KPI dashboard & reporting
- Central repository for invoices and bound documents
- Extensibility to other solutions (Comes with ECM platform)
- Web based friendly interface
Accurate Invoice Capture & Recognition
Conterra FIM captures and stores e-mails, PDFs, e-invoices and scanned paper to a central repository. The AP process starts whenever a new invoice enters the system via fax, e-mail or scan.
Up to 98% of invoice data are recognized automatically by optical character recognition (OCR) technology. Manual invoice entry process is eliminated.
Integration with the existing accounting software means you only enter data once.
Accounts payable automation leads to reducing invoice input operations time by up to 70%.
Efficient Invoice Validation & Intelligent Checks
Conterra FIM alerts users about duplicate payable invoices, purchase order mismatches and other accounts payable data inconsistencies.
Invoices can be connected to the related contracts and verified against budget or contract terms and conditions.
Accounts payable managers easily assign GL codes and validate invoices for further approval and payment.
Conterra FIM software reduces the added cost of validation errors like duplicate payment by at least 80%.
Accelerated & Transparent Invoice Processing
Accounts payable workflow is configured based on the existing business process. It can additionally be modified in accordance with Orienge expert recommendations.
When actions are required approvers receive tasks with all the information they need to make a decision. With the transparency of a controlled process, AP specialist knows the status of every invoice payable, and the reason for delays. Users can easily view the pipeline of all open invoices to keep things moving.
With Conterra FIM employees spend 70% less time on invoice processing.
Automated Invoice Reports & Analysis
Conterra FIM allows users to track invoices on different work stages and analyze the relationships with vendors.
An accounts payable specialist can easily generate any invoice list with all the details or export and print the required invoice. Preparing information for an audit takes a couple clicks with Conterra FIM.
The AP solution can be integrated with any financial, accounting or ERP system so that they get the information automatically without interrupting the accounts payable workflow.
The Conterra FIM AP solution saves 90% of the current storage and retrieval outsourcing costs.
Various Options & Packages to Pick the Best
Three Conterra FIM package solutions are available: Standard, Advanced, Enterprise. Pick the optimal one according to your company size and the amount of invoices.
Depending on your needs, you can also choose your optimum deployment option (local on-premise installation or remote cloud-based installation) and implementation package (minimal, compact or full).