Datamatics Launches InvoiceTiger, An Intelligent Invoice Processing Portal for Accounts Payable divisions of Organizations
A secure portal designed to offer dynamic scalability, variable cost and high accuracy to small & medium businesses and large enterprises to help resolve pain points in invoice processing & payables management, allowing for a more efficient cash management.
- (1888PressRelease) September 15, 2010 - Datamatics Global Services, Inc., provider of smart, next-generation solutions that address the business challenges of customers globally, announced the launch of InvoiceTiger, a web-based invoice processing solution specially designed for accounts payable divisions of organizations. The solution is available for a free trial at http://www.invoicetiger.com
InvoiceTiger is a result of a market study undertaken by Datamatics Global Services, Inc., which identified numerous inefficiencies in the way invoice processing is currently managed by most businesses (SMBs and large enterprises). It was observed that most of the existing offline and online software products and services fail to address many of the challenges faced by organizations of varying size in managing their payments. The web-based solution has been created combining Datamatics Global Services' deep domain expertise in Finance & Accounting shared services with experience deploying smart, next-generation technology.
Datamatics Global Services processes over 4 million invoices for global clients every year and the best practices that have evolved over 3 decades of experience are built into InvoiceTiger.
Some of the pain-points and challenges in invoice processing faced by organizations, that InvoiceTiger addresses include, but are not limited to, fixed overhead costs irrespective of invoice volumes, payment delays leading to penalties, susceptibility to human error, risk of double invoicing & double payments, inefficient use of rolling cash, lost paper documents, difficulty in maintaining audit trails and purchase orders left undocumented.
"Using InvoiceTiger, growing organizations can make their cash-flow more efficient by ensuring they don't miss early payment discounts and avoid late payment penalties. Its pay-per-invoice model eliminates overheads in invoice processing, thereby minimizing costs. For businesses who find coping with volume spikes a challenge, InvoiceTiger helps manage such incidents efficiently and transparently. Yet another feature that should appeal to organizations is that they have access to critical finance-related information on their fingertips via the dashboard and it's extremely easy-to-use," said Ashok Muttin, Senior Vice President, Finance & Accounts shared services, Datamatics Global Services, Inc. Moreover, enterprises who would like to avail of these services are spared the bother of downloading and installing expensive and complex software applications and maintaining them forever.
Rahul Kanodia, Vice Chairman and Chief Executive Officer, Datamatics Global Services, Inc., added, "Various market research studies have indicated that a 5% improvement in business processes through automation can lead to over 20% operational cost savings. At a time when cost of operations are increasing each year at about 15-20%, and margins are getting squeezed, we found that customers are demanding much more beyond cost savings. They want the best solution to their business problems. InvoiceTiger is one such solution."
Editorial Contact:
Ashok Muttin | ashok_muttin ( @ ) datamaticstech dot com
+1 (734) 793 2044
About Datamatics Global Services, Inc.:
Datamatics Global Services, Inc. delivers smart, next-generation solutions that address the customers' business challenges. The company delivers such solutions leveraging Artificial Intelligence coupled with people and process maturity. With customers increasingly demanding smart solutions to improve operational efficiency, faster time-to-market, higher employee productivity and maximized customer satisfaction, Datamatics Global Services has focused on developing smart and next-generation solutions to meet these market needs. Datamatics is certified for ISO 9001-2008, ISO 27001 and SAS 70, and has been assessed at SEI CMMi - Level 5 (QAI), P-CMM - Level 5 (QAI). Datamatics is the first & only Indian services provider to win the International Asia Pacific Quality Award.
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