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AboutAccounts Payable Automation With 4castplus & Open Invoice
Experience True Efficiency In Project Accounts Payable
- Auto-match Vendor Invoices From OpenInvoice
- Multi-Stage Invoice Approvals
- Reduced Vendor Invoice Exception Rates
- Increase The Turnover Of Vendor Invoice Validation
- Decrease Overhead Costs Of Vendor Invoice Management
Attest and Approve Vendor Invoices
AP automation with auto-match
Take advantage of the 4castplus auto-match feature to automate AP processing. 4castplus’ auto-match will approve any invoices that have an exact match and notify you of any exceptions.
Match PO and Non-PO vendor accruals
Match invoices from purchase order receipts or from vendor expenses that were not initiated by a purchase order.
Retainage/holdback release
When appropriate, you can release any holdbacks/retainage as part of invoice matching.
Integration with Finance/AP
Approval workflow
Once matched, the invoice can be submitted for a multi-stage approval workflow in 4castplus. This will negate the accrual and send the approval to your finance system.
Full enterprise visibility
With the productivity tools in 4castplus to speed up accounts payable, along with the depth of information shared with the finance system, your visibility into critical projects, accruals and vendor performance will bring your organization to the next level of enterprise data management.
True efficiency in
accounts payable
Having a powerful vendor invoice matching module in your project management system keeps the attesting data and approval knowledge close to the individuals that are most familiar with the project, the vendors and the relevant information. This effectively enables your teams to bypass much of the churn and uncertainty that surrounds accounts payable when project-related vendor invoices are received. 4castplus gives your teams the tools, information and workflows to make your projects run smoothly and efficiently.
