Targeted at organizations undertaking an eProcurement strategy across all industry sectors, Acenza Payables streamlines the supply chain payable process, allowing critical accounting and purchasing staff to handle high volumes of invoices — quickly, easily and accurately via the Web.
One of FileNET’s first Acenza Payables customers, Twentieth Century Fox, which includes the Fox Film Entertainment and Fox Broadcasting divisions, is deploying the new solution to increase efficiencies in its high-volume, shared service accounts payables operations. FileNET’s Professional Services is assisting with the implementation of the application and will provide complete servicing and support of the solution at Twentieth Century Fox.
Twentieth Century Fox is looking to FileNET’s Acenza Payables to streamline our payables system processes and reduce costs, said Christine M. MacKinnon, vice president of corporate and studio systems, Twentieth Century Fox. Our business partners and vendors, as well as internal accounting staff, should benefit greatly from the speed and accessibility of our new Web-based system.
Built on FileNET’s powerful eProcess and eContent management Panagon suite, Acenza Payables maximizes service levels by providing quick and easy access to work, status and associated information via the Web. Customers and business partners can now use the Web to link directly to their payables status, freeing internal personnel to address higher-value tasks.
FileNET’s innovative eBusiness applications are designed to help companies leverage the Internet for their business processes, helping them reduce costs, improve customer service and increase efficiencies, said Martyn Christian, senior vice president, Worldwide Corporate Marketing, at FileNET. Acenza Payables draws on the power of our proven eProcess Management technologies to bring efficiencies to the eProcurement processes of today’s businesses.
Acenza Payables delivers a powerful eBusiness solution that helps businesses meet the demands of increased supply chain transaction volumes and the complexity found in eProcurement systems, while at the same time decreasing processing time and processing errors. Before Acenza Payables, paper-based procurement systems involved painstaking data entry, manual matching of invoices to purchase orders and a slew of other labor-intensive processes all subject to human error. With Acenza Payables, invoices presented in paper, fax, electronic or Web form are captured, filed securely and routed for data entry and approval automatically. With Acenza’s Web interface, status checks and payment approvals are linked across the enterprise and extended to business partners.
The new eBusiness application offers the following key benefits:
Saves time by providing quick and easy access to invoices and associated content, processing status and associated information
Allows users to focus on value-added tasks such as exception handling and fast turnaround of supplier inquiries
Delivers fast access to information via email and the Web, greatly reducing approval turnaround time
Allows organizations to benefit from early payment discounts by expediting the resolution and payment of invoices
Acenza Payables’ flexible eBusiness applications framework allows the solution to be configured to specific eProcurement needs. It is designed to integrate directly with an organizations’ ERP system, allowing data to pass between these systems seamlessly and also provide access to content directly from legacy systems.
