Redfaire Limited

Redfaire’s AP Automation Solution for Oracle’s JD Edwards is a fully integrated “out-of-the-box” solution. Based on Oracle WebCenter and Oracle Business Process Management Software, this solution:

• Reduces overheads
• Improves data integrity
• Speeds up processes allowing you to take advantage of early payment discounts
• Improves auditability

This AP Automation Solution for Oracle JD Edwards ERP automates the process from invoice reception to approval, including exception management.
There are 3 core capabilities that come into play:

• Capture: WebCenter digitizes the document for example an invoice and “ intelligently “ extracts key data such as invoice header and line items
• Imaging: The document stores the digitized invoices, and makes the invoice images easy to search for and retrieve from ERP interfaces
• Workflow: workflow is used to accelerate invoice processing throughout its lifecycle until it’s ready for payment

Why Redfaire's AP Automation Solution for JD Edwards

• A solution developed and supported by Oracle, based on Oracle Best Practices
• A solution that leverages current ERP investment
• A complete solution: from invoice reception until payment, but that can also be implemented for different levels of automation.
• Out-of-the-box and completely integrated with JD Edwards ERP
• Build by JD Edwards experts specifically for JD Edwards ERP
   

Benefits of AP Automation Solution for JD Edwards

• Cut Costs: Decrease storage, transportation and labor costs by getting rid of paper
• Streamline procure-to-pay operations and maximize early payment discounts by dramatically decreasing the time it takes for data entry, exception handling and approvals
• Improve process visibility with real-time monitoring of key performance metrics and insight into process bottlenecks
• Strengthen financial controls with complete content lifecycle management for financial documents, including retention and records
• Build competitive advantage, as your system becomes more efficient than your competitors. The analyst firm Gartner Research believes that, in the United States, about 75% to 80% of invoices are still paper-based. Source: Gartner, Accounts Payable Invoice Automation, Gartner RAS Core Research, Note G00163833
• Compliance and audits: It is easier to search for and locate archived invoices and you can exercise more control over your financial documents, ensuring that they are being retained for the required period of time.
   

Read our blog on 5 reasons to Automate Accounts Payable for JD Edwards