Open Scan Announce the Release of Latest in Line of Accounts Payable Solutions

Denver, CO, June 24, 2012 --(PR.com)-- Leading accounting software design specialists Open Scan Technologies, Inc. have announced that the company has recently released the latest version in its line of accounts payable solutions. This latest release is designed to enhance the processing efficiency of accounts payable process management within various-sized organizations.

One of the benefits of the company’s new software is that it works to greatly improve line-item extraction, classification and intelligent matching to the vendor’s master accounts. This greatly improves posting accuracy and helps organizations to avoid costly data errors within their systems. The updated version of accounts payable solution works by matching and approving invoices automatically if there is a match to the vendor list. If there is no match within the system, the data is then presented within an exception queue available to the user for verification.

Companies across the world are looking for methods that help to consolidate the time dedicated toward accounting. Open Scan’s latest release of its accounts payable solution helps in this regard by automatically assigning the appropriate workflow for electronic review and approval routing when processing non PO invoices.

This style of automated accounting has been shown in recent studies to have tremendous cost consolidation benefits for organizations. A recent Gartner study found that, on average, companies were spending $9.87 per transaction before automation. After automation, this cost was reduced to $4.56. The future of in-office accounting solutions is clear, and once again Open Scan continues to lead the way.

For more information on Open Scan’s latest accounts payable solutions and to find out more about the organization, please visit their website at www.openscan.com.