National Car Parks Opts for Automated Invoice Processing Solution
Digital Vision to implement Contempus purchasing package to optimise financial activity and boost operational efficiency.
8th February, 2007 – National Car Parks (NCP), the UK market leader in car parks, has announced it is to optimise its UK financial operations and streamline accounts payable activity (AP), in order to boost operational efficiency and reduce running costs.
Leading document processing specialist Digital Vision will deploy a bespoke AP automation package at NCP’s London head office, improving financial control over the invoice approvals and payment process.
Digital Vision will integrate Xtrata Pro, Contempus.Purchase and Contempus.Invoice into NCP’s existing Oracle financial system, automating the process of raising purchase order numbers and processing invoices in order to offer its suppliers certainty of payment within terms and as a result to optimise the group’s monthly financial reporting.
With the Contempus AP solution enabling organisations to process up to 85,000 invoices per full time employee, the solution will also play a key role in helping NCP to handle future growth and expansion, and the resulting increase in accounts payable activity.
Trevor Harvey, chief accountant at NCP said: “Given the diversity of our business operations across the UK, we needed an end-to-end solution, which had proven functionality and which could be customised to meet our specific business requirements.
“A major reason for us choosing Digital Vision is their industry expertise and experience in developing similar solutions for leading UK retail groups such as Dixons, who have successfully streamlined accounts payable activity in this way.”
Contempus automatically captures invoice data auto-matches the results with the corresponding purchase order numbers and receipts, and allocates appropriate payment codes, managing financial documents more efficiently and reducing overall processing costs.
Xtrata Pro is a suite of custom modules that integrate with Ascent Capture to automate the classification and extraction of structured, semi-structured and unstructured documents. Xtrata Pro is supplied by Kofax Image Products Inc.
Contempus is the best in class solution for invoice processing. It is a web-based accounts payable workflow solution from Component Software Group.
About Digital Vision Digital Vision is a leading document processing systems integrator specialising in OCR capture, scanning for workflow, content management and purchase to pay solutions. A leading player in banking and financial services and accounts payable automation, Digital Vision works with a number of blue-chip and international organisations such as Barclays, BAE, BUPA and Dixons.
