Invoice Capture Service (ICS) for Dynamics NAV 2016
Lexmark’s Invoice Capture Service (ICS) SaaS solution is now integrated with and available for the Microsoft's Dynamics NAV 2016 enterprise resource planning (ERP) platform, enabling out-of-the-box accounts payable (AP) automation capabilities. Currently serving more than 110,000 users worldwide, NAV is Microsoft's cloud-based ERP offering for the SMB market.
ICS is integrated with new NAV 2016 workflow features and available for download from Microsoft and through Azure – with users promised the ability to begin accessing the ICS service through NAV and processing invoices in less than 10 minutes of setup.
ICS supports two models for processing – an introductory (“Freemium”) model that allows for setup and testing of up to 75 invoices per month and a more advanced (“Subscription”) model that allows for volume processing and cost savings based on the number of invoices the customer processes.
Lexmark ICS captures and validates invoice data, replacing manual data entry, to speed invoice cycle times, reduce costs, improve financial visibility, and make content accessible and manageable any time, from any location.
According to Gartner, nearly half of all businesses plan to adopt some form of cloud-based ERP within the next five years. Forbes reports that SMBs are significantly increasing their investments in cloud solutions, with invoice automation providing a key avenue for immediate process optimization. Offering this via the cloud makes automation-enabled efficiency, visibility and productivity available without the labour and capital commitments associated with on-premise implementations and ongoing maintenance.
"We're are on a mission to drive down the costs SMB organizations incur in doing business to help them compete more effectively with large organizations. The integration between Microsoft Dynamics NAV 2016 and Lexmark will help our customers do both. We're excited by our collaboration with Lexmark, as we see strong alignment in terms of service capability and future vision," said Paul White, General Manager, Microsoft Business Solutions.
Interested buyers should contact their local Microsoft NAV reseller or Microsoft directly to acquire NAV.