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| National Car Parks Opts for Automated Invoice Processing Solution | |
| 12th March 2007 National Car Parks (NCP), has announced it is to optimise its UK financial operations and streamline accounts payable activity (AP), in order to boost operational efficiency and reduce running costs. Document processing specialist Digital Vision will deploy a bespoke AP automation package at NCP's London head office, improving financial control over the invoice approvals and payment process. Digital Vision will integrate Xtrata Pro, Contempus.Purchase and Contempus.Invoice into NCP's existing Oracle financial system, automating the process of raising purchase order numbers and processing invoices in order to offer its suppliers certainty of payment within terms and as a result to optimise the group's monthly financial reporting. With the Contempus AP solution enabling organisations to process up to 85,000 invoices per full time employee, the solution will also play a key role in helping NCP to handle future growth and expansion, and the resulting increase in accounts payable activity. Trevor Harvey, chief accountant at NCP said: “A major reason for us choosing Digital Vision is their industry expertise and experience in developing similar solutions for leading UK retail groups such as Dixons, who have successfully streamlined accounts payable activity in this way.” Contempus automatically captures invoice data auto-matches the results with the corresponding purchase order numbers and receipts, and allocates appropriate payment codes, managing financial documents more efficiently and reducing overall processing costs. |
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