Top Image Systems (TIS) has announced the launch of its cloud-based eFLOW AP solution, integrated with SAP Business One.

eFLOW AP automates the capture, recognition and extraction of invoice data in the cloud, and matches the incoming data against SAP Business One master data. By automating the repetitive, replicable and routine work of invoice processing, the solution frees up accounts payable staff for higher value finance tasks and analysis, and offers benefits such as:

• Maximum straight-through processing: Intuitive business rules that automatically validate invoice data against SAP Business One, auto-fill missing data and post invoices with no outstanding business issues to Business One
• Continuous improvement: Machine-learning algorithms mimic actions of accounts payable staff and, over time, learn to do them better
• Improved financial performance: Elimination of manual data entry, 24-hour processing run time and invoices paid on time or even earlier to cash in on early payment discounts
• Transparent accounts payable processes: Full visibility into invoices and related data, and constant real-time performance data for deep insights that help finance leaders make better decisions and fine-tune internal processes
• Painless compliance: Easy-to-establish approval hierarchies, rule-based decisions that don’t have to be preprogrammed, workflow logs and a secure cloud archive for invoice images

Flexible exception handling: The most user-friendly interface available to route approvals, prioritize and assign duties, resolve discrepancies and automate supplier communication

SAP Business One organizations access eFLOW AP through an easy-to-use web browser, thereby avoiding additional infrastructure investments. Quick implementation and flexible user onboarding mean the solution offers immediate value, as does the data already stored in the cloud; for example, when the same supplier serves several businesses in the same network.

“The launch of our eFLOW cloud AP solution positions our company for accelerated growth in the cloud applications software segment. Integrating with SAP Business One further strengthens our footprint in the SAP market segment. Our cloud solution supports a multi-tier software strategy for SAP customers with SAP ECC deployed at the enterprise level and SAP Business One utilized in subsidiaries,” commented Brendan Reidy, CEO of Top Image Systems.

“By offering eFLOW AP in cloud and hybrid environments as well as on premise, our SAP customers get end-to-end automated processes in the way that works best for them, but with the security and assurance of a certified integration with SAP.”