Yardi PAYscan™ automates invoice processing and provides an online approval workflow that helps you work more efficiently. Paper invoices are scanned and converted into Voyager electronic transactions, and the approval process is streamlined according to your customised workflow rules. To complete the process, timely vendor payments are made via EFT or cheque.
Bulk scanned paper invoices are instantly converted to electronic payables. Scanning may be done by your organisation or effectively outsourced to Yardi's full-service PAYscan team.
Scanned invoices are automatically routed through the approval workflow as electronic payables. Approval personnel receive email alerts and then log in to their review dashboard to code and approve each invoice. The dashboard facilitates easy drill-down to transaction data.
Store Images Scanned invoice images are stored in the Voyager database and readily accessible for future review – no photocopies, no file cabinets.
Lower Costs PAYscan frees up office resources, significantly lowers invoice processing costs, and reduces labour and errors by eliminating redundant data entry.
With a single, centralised, electronic A/P system, you gain portfolio-wide oversight of operational spend, which facilitates standardisation of processes and executive decision-making.
Improve Cash Management
Approved invoices are paid via EFT or cheque. Because invoice processing is accelerated through automation, PAYscan enables you to avoid late fees and take advantage of early-pay discounts.