Oracle EBS Accounts Payable Automation Solution
Oracle E-Business Suite (EBS) helps companies drive efficiency across their business units. Organizations that turn to Oracle EBS as their system of record often process over 10,000 invoices monthly and have a strong desire to capture the highest ERP discounts available. Utilizing an MineralTree’s Inspyrus AP automation solution for enterprise level companies is a strong tool for companies looking to maximize the return on investment for their enterprise resource planning system.
Get more out of Oracle EBS with Inspyrus, MineralTree’s AP and payment automation solution for enterprise
Inspyrus provides seamless invoice capture, processing, and payment automation workflows, so you can reap the following benefits:
Easily Pay Vendors in Their Preferred Formats
Inspyrus makes it easy to pay vendors in their preferred format without piling on extra work processes for your AP team. Schedule your vendor payments in their method of choice, minus the hassle of dealing with manual check runs or the headaches that come with adding new payment types.
Gain Access into Payment Status
Manual processes can muddy the waters, making it hard for AP teams to accurately track invoices through to approval and payment. Inspyrus provides clarity and increases visibility so no invoice gets lost or forgotten along the way. As a result, AP teams can always quickly and accurately determine where every payment is in the AP workflow.
Maximize Vendor Discounts & Rebates
Take advantage of early payment discounts by processing invoices quickly and easily scheduling payments in the Inspyrus system. You can also get rebates on your purchases and save your business money by leveraging our virtual card option.
90% Accuracy in Invoice Capture
Inspyrus captures invoice data through a combination of OCR technology and human review. In doing so, our system can capture individual invoice line items and use them in AP analytics.
Enroll Vendors in Digital Formats
Many AP professionals noted that their team’s capacity to enroll vendors was an obstacle for converting more spend to ePayments. Inspyrus supports teams by cross-referencing your list of vendors with our database to determine which of your suppliers already accept electronic payments. If your team is ready to convert more of your payment mix to ePayments, our team can help enroll your strategic vendors into digital payment methods.
Mitigate Risk and Fraudulent Payments
Business email compromise is one of the most common fraud methods used to target AP teams. Inspyrus minimizes this threat by automatically cross-referencing invoice data with existing vendor information stored in the system to confirm that they match or flag them for team review. This ensures AP teams retain complete control over the process, while increasing security and protections along the way.
Gain More Insights with Comprehensive Analytics
Inspyrus’ analytics capabilities power AP departments to be more strategic. Companies can use platform analytics to optimize their payment mix and take advantage of early payment discounts. Additionally, data is available upon invoice capture, making financial reporting more timely and accurate.
Oracle EBS Remains the System of Record
Your team has invested in Oracle EBS to serve as a cohesive point of record for your business. Inspyrus syncs all approval and invoice data into Oracle EBS, allowing both systems to have accurate and timely information.
Integration with Oracle EBS
Inspyrus directly integrates with Oracle E-Business Suite, enabling real-time communication between the two systems. By utilizing DataEnrich, Inspyrus can enrich invoice records by auto populating vendor details, invoice payment terms, and invoice due-date, as well as matching the data to POs and/or receipts during invoice capture.
Inspyrus also ensures records are processed error-free prior to the record being transferred to Oracle EBS such that there is only one application needed to process invoice records. During invoice processing, AP teams can check for errors and resolve the errors, such as:
- PO tolerances
- Duplicate invoice
- Charge account code missing
- Project coding missing
- Tax code missing
As a result, Inspyrus protects your business against potential duplicate payments, fraud, or downstream transaction posting errors. All business rules and validations setup in Oracle EBS side are extended in real-time to Inspyrus through our two-way sync.
Try Inspyrus
Get in touch with our sales team to learn more about how Inspyrus integrates with Oracle EBS.
