Invoice processing made easier

A distributor of industrial chemicals has implemented new technology to manage supplier invoices more efficiently and to speed payments. Univar USA is using Input Accel for Invoices from Captiva Software to capture and process more than 700,000 invoices annually via mail and fax from across the country.

In a recent news release, Captiva says its solution will enable Univar to process invoices accurately, reduce turnaround times for payment, take advantage of early payment discounts and allow easy access to electronic data captured from the invoices. The company wants to expand its use of the solution to other business units in the organization, such as its contracts and legal departments.

Univar selected the software because of its scalability, ability to capture line-item details and tight integration with IBM's DB2 Content Manager, according to Captiva.

The value of the contract to Captiva is $250,000.