Bradco Supply Turns to Advanced Imaging and Workflow Solution for Accounts Payable Automation

Bradco Supply has selected ASPEN 360 Accounts Payable Edition, a subscription–based service that automates invoice processing. ASPEN 360 increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. End Quote

(1888PressRelease) August 05, 2008 - Archive Systems, a leading provider of accounts payable automation services, today announced that Bradco Supply, one of the nation’s largest distributors of building materials, has selected ASPEN 360 Accounts Payable Edition, a subscription–based service that automates the accounts payable process.

ASPEN 360 provides organizations like Bradco Supply with an advanced imaging and workflow solution for AP. Invoices are sent by a company’s vendors to the ASPEN 360 Invoice Virtualization Center (IVC) for invoice scanning, data capture and OCR, online image storage, and automated workflow management. Invoices are automatically routed and available online throughout the approval, payment and audit processes.

ASPEN 360 combines industry best practices with ZeroTouch AP imaging and workflow to automate the AP process. It increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. Additional features that streamline the AP process include line item capture, PO matching, and expense-based approval process automation.

“We are pleased to have Bradco Suppy join the growing list of companies using ASPEN 360,” said Dave Craig, President of Archive Systems. “These companies are able to take advantage of AP best practices while incorporating their own business rules. All of this is accomplished without the need to install and manage additional infrastructure. They actually never have to touch a paper invoice again with ASPEN 360.”

About Bradco Supply
Ranked as one of the nation’s largest distributors of building materials, Bradco Supply is committed to providing contractors and builders with quality products, competitive prices and the best customer service in the industry. The company has annual sales in excess of $1.7 billion and serves both the commercial and residential building sectors from more than 145 locations throughout 30 states. Bradco Supply has remained a privately-owned corporation and while it continues to expand its locations, products and services, the company remains true to its ideal of providing the No. 1 customer service in the industry. For more information on Bradco Supply, visit its Web site at http://www.bradcosupply.com.

About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.

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