FastAP

Without any automation in Accounts Payable (AP), you are paying staff members for low-value functions. Why waste staff time reading invoices, entering data into IFS, storing paper invoices, searching for them again when suppliers call, searching for arrived goods, comparing receipts to POs for discrepancies, determining the cost coding, and obtaining manual approvals? Why not automate the AP process?

With FastAP, Astra's OCR-based invoice processing solution, you may be able to reduce invoice processing costs by 80% and reduce the invoice processing time by 75%. Such efficiencies will lead to other benefits like availing of early pay discounts.

FastAP automatically creates the complete invoice record within the IFS supplier invoice entry screen and attaches a PDF image of the invoice, which is visible in the AP module. This eliminates manual data entry and paper invoices.

The IFS Supplier Invoice Workflow module component of FastAP automatically matches each invoice against goods receipts and Purchase Orders (POs). Then it codes the invoices to the correct account. This means:

  • Matched invoices are fully authorized and ready for final posting.

  • Your AP staff is able to quickly identify exceptions and act on them timely.

  • You gain positive ROI within 18-24 months from a combination of improved process effectiveness, cost savings in staff time & paper storage and invoice handling.

More IFS customers in North America are using FastAP than any other product to automate their supplier invoice processing. You can also benefit from it!

For more information, please feel free to contact us at sales@astra-us.com

Astra played a critical role in the success of our project. We chose them because of their extensive IFS experience and deep systems understanding. Astra delivered excellent results for us, and they did it within our project’s time constraints.

 

- Noel Knape 

  Americas Controller, Bredero Shaw

Astra, Inc.

6021 E Grant Road

Tucson, AZ 85712

United States

Astra Systems Pvt. Ltd.

B1, INSTASQUARES, #151

27th Cross, Jayanagar 6th Block

Bangalore, India - 560082 

Ph: +91-80-41519417

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