Home / Newsroom / Miria Systems today announced that Invoices 7-50 is available for clients

Miria Systems today announced that Invoices 7-50 is available for clients

WAYNE, PA - July 28, 2008 - Miria Systems today announced that Invoices 7-50 is available for clients. This software automates accounts payable invoice processing and leverages the IBM FileNet P8 platform for workflow and content management.

Invoices 7-50 addresses these challenges with invoice processing:

• errors and the time to identify, research and correct
• lag time from exceptions, inquiries, and manual work
• inefficient review, match, or approval processes
• inability to proactively manage vendor payments and discounts
• duplicate processing / payments or lost invoices
• lack of visibility into liabilities and the status of invoices
• poor compliance, audit ability, and reporting

The Invoice 7-50 solution converts invoices to electronic format, provides a user interface to efficiently code and approve invoices, contains validation rules and built-in workflow to automate processes, and integrates with any ERP/Accounting application.

Invoices 7-50 has been developed specifically for mid-sized companies and divisions of larger companies that process between four and nine thousand invoices per month. Invoices 7-50 was designed around the industry leading IBM FileNet P8 ECM platform and Miria System's Managed$Pay® software used today by larger companies.

Sush Koka, the Research Director at PayStream Advisors, comments that the solution "…is flexible enough to manage any AP process, and it provides finance executives with visibility into liabilities and reduced document management costs." The results are that invoices and supporting documentation are handled in an efficient and timely manner with fewer resources and better oversight.