Softwin Technologies Newgen Partner Digital Transformation

Greetings from Softwin-Newgen!

 Invoice processing/Accounts payable & receivable/Vendor management and Financial/Business  process automation and Digital Transformation solution.

Digital Transformation Solutions provide following Benefits (which are based on a Case study) to the Operational Heads and Business Users from their respective ERP modules .e.g. Finance, Procurement etc. to help in bringing Business/Financial process improvement/automation in the areas of Accounts Payable & Receivable/Contract Management/Vendor Management/Invoice Processing and other workflows to make your office paperless and digitally transformed.

The solution is built over our robust and flexible Business Process Management platform that could be utilized for other Departments like HR, Operations, Supply Chain etc. as well. Below are a few challenges and benefits that we have experienced working with Enterprise clients globally:

CHALLENGES

SOLUTION BENEFITS

Process handling between multiple departments (Gate Entry, Store, Purchase, Accounts, and Finance) is manual in nature as departments are interacting with each other over emails, document generation or calls. Physical document dependency for invoice approval and processing Difficulty in tracking or searching existing documents like PO, invoices, GRN Lack of Control over Vendor Query/ Exception handling at department level as these are currently handled over emails or calls Discrepancy in handling Duplicate Invoice & Emergency Invoice in absence of PO Late vendor payments leading to penalties

Integration of the capture solution with ERP saved time in entering the data for indexing and ensure there is proper tracking of invoices while Non ERP users can also access the business documents While approving invoices for payment, one can see copy of Purchase Order, Invoice & GRN using click of a button in ERP It can manage multiple invoices against one PO Real Time transfer of Invoices from Regional offices to Head office for approvals It can perform validation of invoices like duplicate check, invoice matching (2 way,3 way) to ensure vendors are paid rightly Define SLAs & TAT for on-time vendor payments resulting in better discounts and credit policy Tracking of Invoices & other supporting documents becomes easy for auditing purpose Better cash flow management as the status of the invoices is easily available online

Newgen’s Accounts Payable solution with our latest offerings including Robotic Process Management (RPM) are now assisting organizations to streamline their overall processes and witness improved business performance in a cost efficient manner. Thus, reducing the overall cost per invoice and providing better visibility and control over the entire process.

Best Regards

Softwin Technologies Pvt Ltd

101,Rajaram Mohan Complex, MTH Compound,

Indore(M.P) – 462015, India

www.softwintechnologies.com

Partner for Newgen

Connecting Enterprises. Transforming Experiences.

Softwin Technologies now Newgen Partner Indore

Softwin Technologies Pvt Ltd, Newgen Partner

101,308 Rajaram Mohan Complex, MTH Compound,

Indore(M.P) –452015, India

                              

Connecting Enterprises. Transforming Experiences.