London Borough of Islington partners with Graphic Data to automate Accounts Payable Invoice processing and integrate with its existing Cedar5 financial system.
Milton Keynes, March 28, 2007 - The London Borough of Islington has selected Graphic Data to provide and implement an automated accounts payable workflow solution. Substantial reductions in processing costs, increased invoice visibility and less paper in circulation within the organisation are expected to assist the Authority meet its e-government requirements and improve performance in paying suppliers to terms.
By partnering with Graphic Data, Islington Council has selected a solution which will streamline back office processes, strengthen financial controls and realise cash-able savings. The new system is anticipated to be implemented with minimal disruption to users and suppliers.
Currently Islington manually processes in excess of 140,000 paper invoices and payment requests from 15,000 suppliers per annum. Under the three- year contract terms, Graphic Data will receive invoices (electronic and paper) on behalf of the Authority and validate the data for upload to a workflow platform, Contempus.Invoice. Users within the Council will be provided with a scanned image of the invoice which they can then line code, approve or query as appropriate. Contempus.Invoice will then upload the authorised transaction to Cedar5 for payment.
Accounts Payable Management at Islington explained: “We selected the Graphic Data solution as the technology meets our specified requirements and provides us with the functionality to proactively administer invoice processes. Our intention is to minimise data processing costs, improve performance and contribute to meeting our Key Performance Indicators.”
For further information contact Graphic Data on 01908 269600, email or visit www.graphicdata.co.uk
