Serrala has expanded its cloud portfolio with Serrala Alevate Accounts Payable. Our latest ERP-agnostic solution enables users to centralize and standardize the capture, validation and processing of vendor invoices.
“It’s our goal to offer companies flexible solutions for managing all financial processes from any technological platform, including the cloud as well as hybrid models”, says Vishal Awasthi, SVP Technology, Serrala. “With the launch of Serrala Alevate Accounts Payable, we are taking an important step in that direction while also helping users comply with a growing number of global e-invoicing requirements and data privacy regulations”.
Companies with diverse IT landscapes can use the 100% native cloud solution to automate invoice processing across multiple ERP systems and achieve a single view of invoices across the organization. The solution enables users to exert greater control over their supplier spend and detect and prevent potential payment fraud. Serrala Alevate Accounts Payable can be implemented quickly without changing the existing IT infrastructure. Companies benefit immediately from 24x7 access to invoice information in a web browser or on a mobile device and powerful invoice approval and exception handling capabilities. The solution’s intelligent automation enables companies to autopost more than 80% of all incoming vendor invoices, leaving users free to work on more complex and value-added tasks. The maintenance is easy as well. Serrala Alevate Accounts Payable is always up to date, scales instantly to accommodate growing transaction volumes, and includes automated backup and security features.
Key capabilities of the solution include:
- Flexible, intelligent invoice capture, for all invoice formats: paper, PDF, email or other electronic format (XML, EDI, Portal)
- Integration with best-of-breed capture technologies and services
- Intelligent automation for faster invoice processing, approval and exception handling
- Mobile and web-based approvals
- Centralized, highly configurable invoice processing rules
- InfoCenter to quickly identify invoice bottlenecks and re-assign work based on availability, expertise, or priority
- Efficient, best practice-based archive storage of supporting data and documents
- Comprehensive accounts payable dashboards, KPIs and reports
The flexible solution can be enhanced with other Serrala solutions, including Serrala Alevate Payments including our capturing solution SmartEye Invoices to create a completely cloud-based invoice-to-pay solution. Alternately, it can be used with our overall SAP-integrated FS² Solution Suite, specifically with our FS² AccountsPayable solution, mixing on-premise and cloud solutions, in a hybrid cloud model to meet specific business needs, allowing users to flexibly work in SAP or in the cloud.
To learn more about Serrala Alevate Accounts Payable, download our brochure or contact Vishal Awasthi, SVP Technology and Products, directly.
Incidentally: According to Gartner, Inc., AI-Enabled Accounts Payable (APIA) increases the efficiency of P2P, & reduces the effort to get an invoice tagged “OK to pay.” Serrala was awarded in the Gartner IT Market Clock for Procurement and Strategic Sourcing Applications 2020 report as a “Representative Vendor” for AI-Enabled Accounts Payable. Read more