Van Ausdall and Farrar Solves Accounts Payable Challenges through their Partnership with Hyland Software
Online PR News – 21-July-2010 – – Indianapolis, IN - Van Ausdall & Farrar, a trusted Value Added Reseller of OnBase Software, is teaming up with Hyland Software, developer of OnBase, to address invoice processing challenges for organizations. Referred to as Automated AP Processing, the technology addresses the paperwork challenged AP department, in particular, the Receipt to Pay lifecycle. This cycle is defined as the period that begins when a vendor invoice arrives in the mailroom and ends when a voucher is created for payment in the organization’s ERP. This period is often plagued by inefficiencies that lead to high error rates, late payment penalties, missed discounts, lost documents, shipping expenses and increased staff requirements. Because these documents are not in the system yet, the finance department has very limited visibility into the liability that these payments represent.
OnBase is Enterprise Content Management software with tools to address accounts payable pain. The OnBase Automated Accounts Payable Solution addresses Receipt to Pay issues and results in fewer AP Department touches, automated matching and sorting, shorter receipt to pay lifecycles and increased visibility. Van Ausdall & Farrar is a complete solutions provider that addresses consultation, project management, rapid development, design, configuration, training and support services for OnBase Solutions
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About Van Ausdall & Farrar
Van Ausdall & Farrar is recognized throughout different market segments in Indiana as a leader in the office automation industry. We are well-known in many areas including the following: corporate, legal, government, manufacturing and healthcare. We have a reputation for finding and providing richly functioning enterprise content management solutions, including software and hardware products, and bringing them into operation for our customers. We provide consulting, design implementation and interfacing, as well as project oversight, training, adoption services, support, warranty services and hardware maintenance.
Our company has strong roots that go back to 1914, when our founder, O.K. Van Ausdall was chosen as a distributor for the Thomas Edison Company, the inventor of the original wax cylinder dictating machine. Since then we have experienced steady growth while earning the reputation of a company with instinctive ability, an extensive technology reach and great people that are driven to meet all the needs of our clients. Our company provides flexibility and is able to carefully craft solutions that consistently exceed customer requirements.
About Hyland Software
Hyland Software, the developer of OnBase, is a privately held company founded in 1991. With more than $100 million in revenues in 2007, Hyland is among the largest independent vendors in the enterprise content management (ECM) software market. With OnBase, Hyland focuses on one of the major sub-segments of the ECM market known as transactional content management, encompassing document imaging, electronic document management, COLD/ERM, workflow, and records management all in a single application.
OnBase was originally launched in 1992 and initially served the community banking and credit union spaces but its use has since expanded across dozens of industries. OnBase primarily targets industries with operational and administrative processes that involve document-intensive transaction processing. OnBase provides vertically tailored functionality for six industries: banking and lending institutions, healthcare providers, state and local governments, process manufacturers, property, casualty and life insurance carriers and agencies as well as higher education institutions.
Document imaging and workflow are core modules of the OnBase suite and Hyland has been offering applications specifically targeted toward accounts payable departments since 1997. In AP, OnBase increases operational efficiency and reduces costs by digitizing, standardizing and automating customers’ requisition, purchase order, invoice receipt and approval processes as well as customer service functions. Today, more than 1,000 AP departments leverage OnBase for document imaging and workflow automation.