Home / Newsroom / Miria Systems receives Excellent Rating from Leading Analyst Research Firm

Miria Systems receives Excellent Rating from Leading Analyst Research Firm

WAYNE, PA - April 29, 2008 - Miria Systems today announced that PayStream Advisors, a leading information technology research and consulting firm, has reviewed Managed$Pay software in a report titled "Imaging & Workflow Automation: Using Today's Imaging Technology to Improve Business Processes".

Authored by Research Director Sush Koka, the report is for Accounts Payable Managers, Controllers, Treasurers, and Financial Managers who are interested in:

• Exploring Imaging and Workflow Automation (IWA) solutions for the reduction of paper- and people-based processes in the accounts payable area,
• Understanding the business case for expanded use of imaging and workflow automation, and
• Evaluating and selecting an appropriate IWA solution.

PayStream Advisors states that Imaging and Workflow Automation (IWA) solutions convert paper invoices to digital images, create workflow processes to extract data and streamline the invoice receipt-to-pay cycle, and integrate with enterprise applications. Miria Systems is recognized as a leader in this market because Managed$Pay provides complete functionality based on the IBM FileNet Enterprise Content Management (ECM) and Business Process Management (BPM) platforms.

Innovative financial managers are now recognizing that accounts payable automation offers significant cost savings from reduced manual processes, duplicate processing, and time spent by the AP department and for all employees involved in the approval process. Significant benefits are also achieved from improved payment to contracted terms, financial compliance, management visibility, accrual tracking, and collaboration between employees and external suppliers.

The report states that "Miria Systems will continue to be a key solution provider in the Imaging and Workflow Automation landscape in the years to come. It addresses the entire invoice receipt-to pay process and provides robust functionality at each step, which can be configured based on customer requirements." Managed$Pay functionality includes invoice image and data capture, workflow routing based on business rules, ad hoc routing, built-in AP validation rules, notifications, complete audit trails, interfaces to any ERP or accounting systems, process optimization tools, and reporting.

Miria Systems helps clients expand the use of Imaging & Workflow Automation, ECM, and related workflow across the organization for business processes like accounts payable, asset management, contracts management, and human resources.