US: New software helps streamline vendor payments
19 February 2010 | News | Source: just-style.com
New Vendor Payment Automation (VPA) software, designed to simplify the process of matching documents and approving vendor invoices in global trade logistics, has been released by NGC (New Generation Computing).
Available as a module for its e-PLM and e-SPS software, Vendor Payment Automation (VPA) replaces manual systems and centralises all documentation required for vendor payments.
The tool leverages the supply chain data that is already contained in e-PLM and e-SPS, including purchase orders, packing, shipments, quality, compliance and testing, and warehouse receipts.
When vendor invoices are received, VPA automatically validates the information and communicates payment status to the supplier, alerting them when to expect payment and eliminating unnecessary phone calls, faxes and emails.