Ken Virgin, CEO, who introduced the new system said, “With the traditional payables automation system, you are limited on the reporting you can do. Transaction processing systems have restrictive parameters that restrict reporting capabilities. In other words, good reporting used to mean a slow system. By introducing online archive, iPayables offers users to the ability to create any report, as simple or complex as desired, with no performance impact on the original system.”
iPayables Online Archive is offered as a service, so there is no hardware or large technology effort. “IT departments look like the bad guy for not letting authorized employees get to the data they need, but, in reality, they have to protect the performance of their systems. iPayables Online Archive is an affordable and easy way to protect the system performance while allowing authorized employees the complex reporting access to data they need.” said Jon Titel, CTO at iPayables.
The web interface allows for a simple search of the original invoice and related data (invoice image if applicable, audit trail, approval/processing time stamps and supporting documentation)
I. Secure, Fast and Always Available. Designed to ensure maximum availability as well as excellent performance. Standard backup processes deliver the security and peace of mind that your data will be available when you need it.
II. Archive only what is required. With iPayables Online Archiving the data is only kept for the duration of time you request. If internal auditing or regulatory requirements are necessary, you can quickly make the adjustments by eliminating or start retaining those documents when ever needed
III. Affordable. iPayables economies of scale and expertise allow for premium features at a reasonable price.
iPayables is the leading provider of advanced electronic invoice, approval workflow, and payment solutions. Our broad service offering is used by more than 26,000 companies in over 150 countries, including over half of the Fortune 100 companies. For more information contact iPayables at http://www.ipayables.com and http://www.ipayables.wordpress.com