PAYABLE SYSTEMS, INC (PSI) is a Company dedicated to the complete Accounts Payable process. Our people are experienced and committed to excellence. The systems offerings are dynamic, cost cutting and management oriented. This leading edge software provides capability to cut costs and better manage the business.

Simply stated, paper is eliminated through image processing. The Purchase Order, Receiver and associated Contract Data are saved in a “Virtual Invoice”. The Vendor Invoice is scanned into the image archive file; the data is captured automatically, checked for data integrity and passed to the Master Data Base. Now that we have the necessary elements, a pre-audit of the data is completed. All Vendor Profile data for each Vendor is passed by the file and promotions, discounts, “deals”, freight, allowances and any other “price impact” data is reviewed, resulting in the correct amount to be paid to the Vendor. A check approval request is prepared for the appropriate approval level sign off.

What have we accomplished?

Eliminated paper related problems. Paper retrieval from storage is eliminated. Misplaced, misfiled, lost paper is eliminated. With proper security level, the user can access documents from anywhere.

What has been accomplished?

Total automation of Accounts Payable: The transaction detail that has caused companies to engage post audit firms to recover lost money is eliminated