Power of PAYBOX®
PeopleSoft Accounts Receivable Solutions
PeopleSoft accounts receivable solutions automate invoice payment and discount capture processes to improve organizational efficiency and profitability. Many large Global 3000 companies rely on accounts receivable automation tools to improve processing times, supplier relations and cash flow management.
An Overview of PeopleSoft Accounts Receivable Solutions
Direct Insite’s PAYBOX® solution streamlines accounts receivable workflows and reduces costs for companies using PeopleSoft ERP systems. With PeopleSoft accounts receivable solutions integrated in PAYBOX®, companies can maximize their return on enterprise technology investments and optimize financial supply chain performance.
As a modular solution, PAYBOX® is tailored to an organization’s unique business requirements, workflows and goals. Companies can choose to implement the entire solution or several components depending on their specifications. Additionally, organizations can set custom business rules, notifications and routing instructions for all accounts receivable processes. This improves compliance with internal and external regulations, while saving time and improving accuracy.
Direct Insite’s PAYBOX® modules include:
- Scan and Capture: PAYBOX® comes equipped with advanced scan and data capture solutions that allow companies to transform paper-based invoices into high-resolution digital images. Scanned invoices are automatically archived and easily accessible to accounts receivable teams. Companies can also reduce instances of error or lost and damaged invoices by using scan and capture instead of traditional manual data entry of invoices.
- Electronic Invoicing: The electronic invoicing module on PAYBOX® allows suppliers to submit invoices directly, transition purchase orders to invoices and upload relevant documents through a single portal. This streamlines invoice management and improves supplier-buyer relations by reducing the amount of back-and-forth communications required to negotiate, accept and execute invoicing requests.
- Supplier Portals: With user-friendly supplier portals, accounts receivable departments have access to comprehensive invoice status information and historical data. It gives them the ability to import tax documents and profile management information into their accounts receivable systems. Suppliers can also submit inquiries at the invoice or line-item level.
- Real-Time Reporting Tools and Archiving: PAYBOX® gives accounts receivable departments and financial executives a 360-view of the status of purchase orders, invoices, discounts and payments. As a highly-secure portal with significant data storage capacities, PAYBOX® enables PeopleSoft ERP users to access historical data about disputes, reason codes, descriptions and account numbers to improve performance over the long term.
Direct Insite’s PAYBOX® solution automates many of the most tedious and inefficient accounts receivable solutions like manual collection and data entry for PeopleSoft users. This contributes to labor efficiency improvements, lower costs and processing times for invoicing, as well as financial supply chain performance improvements.
Next Steps for Implementing PeopleSoft Accounts Receivable Solutions
For global organizations looking to enhance accounts receivable processes, Direct Insite’s PeopleSoft accounts receivable solutions are the leading products helping drive financial supply chain success. With sophisticated procurement and order-to-cash capabilities, PAYBOX® is the premier accounts receivable solution for PeopleSoft users.
Direct Insite is a certified PeopleSoft partner with extensive experience implementing tailored solutions for large organizations. If you are ready to find out more about how PAYBOX® can transform accounts receivable processes in your organization, call us today at 954-510-3750.