Oracle ERP Cloud

Many AP professionals reported that their team’s capacity to enroll vendors was an obstacle for converting more spend to ePayments. Inspyrus addresses this challenge by cross-checking your vendor list with our database to identify suppliers who already accept electronic payments. If you’re looking to increase the amount of ePayments in your payment mix, the Inspyrus team can assist with enrolling your strategic vendors for digital payment methods.

Business email compromise (BEC) is one of the top fraud methods used to target AP teams, where cybercriminals act to replicate a vendor email in hopes of receiving payment for a fraudulent invoice. With Inspyrus, invoice data is automatically cross-referenced with existing vendor information that is stored in the system to confirm that they match or flag them for team review. Not only does this ensure AP teams retain complete control over the process, but that security and protections are increased along the way.

Manual processes often complicate processes, making it harder for AP teams to accurately track invoices through to approval and payment. Inspyrus solution provides AP teams with visibility into the entire payment process, so no invoice gets lost or forgotten along the way. As a result, AP teams can always easily and accurately identify where each payment is within their accounts payable workflow.

By processing invoices quickly and easily scheduling payments in the Inspyrus system, your business can take advantage of early payment discounts. Your business can also get cash-back rebates on your purchases and save money by leveraging our virtual card option, SilverPay.

Inspyrus simplifies vendor payments by allowing your AP team to schedule payments in the vendor’s preferred method, eliminating additional work processes. This avoids manual check runs and the complications of adding new payment types.

Approvals can be made via the Inspyrus desktop application, email or mobile app. If there are any delays in approvals, the Inspyrus system automatically sends email reminders to the approver.

Your team has invested in Oracle ERP Cloud to serve as a cohesive point of record for your business. Inspyrus syncs all approval and invoice data into Oracle ERP Cloud, allowing both systems to have accurate and timely information.

Inspyrus 360 Analytics helps different user personas gain insights for AP processes. Users can view reports to determine things like how DPO will affect their cash flow, or which vendors have the highest exception rate.

Inspyrus captures invoice data through best-in-class OCR technology to achieve one of the highest capture rates.

Our direct API integration offers real-time interaction and communication with Oracle Cloud. For customers with strict security requirements for how third-party systems integrate with their ERP, Inspyrus can also integrate with ERP Cloud indirectly using a file-based transfer mechanism. The sync schedule is fully configurable and offers granular control of sync frequency by data type.