NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Software
Agency / Source: 3i Infotech Limited

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

J&B Software to Demonstrate its AP and AR Automation Solutions at FUSION 2010 - Solutions deliver better control over cash flow, improve visibility into payment processes and ensure corporate and regulatory compliance
J&B Software to Demonstrate its AP and AR Automation Solutions at FUSION 2010

 

NewswireTODAY - /newswire/ - Blue Bell, PA, United States, 2010/05/11 - Solutions deliver better control over cash flow, improve visibility into payment processes and ensure corporate and regulatory compliance.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

J&B Software, a premier provider of enterprise-wide transaction and payment solutions, will demonstrate its accounts payable (AP) and accounts receivable (AR) automation solutions in Booth #500 at FUSION 2010, TAWPI’s Annual Forum & Expo. The event will be held May 9 through 13 at the Gaylord Texan Hotel and Convention Center in Grapevine, TX. J&B’s AP and AR automation solutions deliver better control over cash flow, improve visibility into payment processes and ensure corporate and regulatory compliance.

“Many companies struggle with how to efficiently and effectively manage complex back-office processes,” according to Jim McShea, chief revenue officer of J&B’s parent company, 3i Infotech, North America. “Organizations that still use manual intervention for much of their AP and AR processing are incurring wholly unnecessary costs and delays. Our optimized and automated AP and AR processes can cut financial and time expenditures by roughly 500%, compared with industry averages.”

J&B’s AP automation solution converts paper invoices and associated documents into electronic images. Advanced optical character recognition (OCR) technology adapts captured invoice fields into usable data using ERP information, sophisticated algorithms and an extensive knowledge base. Following capture, the invoices and data are submitted to an appropriate staff member for review.

The automated distribution of discrepancy items for review is based on a sophisticated business rules engine that is configured according to individual company requirements. This speeds approval workflows while providing proper documentation and audit trails. The system’s dashboard controls also provide management with the tools necessary to adjust priorities, handle exceptions and relieve bottlenecks as necessary. Once invoices have been verified and completed for payment, they are exported to the back-end ERP or accounting system for posting and easy access.

J&B’s AR automation solution reduces manual processing, increases transparency and automates workflow so staff can focus on error and exception handling. Many organizations have departments that operate in silos, which make it difficult to integrate processes and deliver a complete set of documents related to a specific transaction. J&B’s AR automation solution addresses these pain points by unifying workflow, freeing staff from manual tasks and allowing them to concentrate on exception, deduction and dispute management to accelerate resolution.

The solution consolidates payments and remittance documentation from a variety of complex paper and electronic input channels into a single portal. The captured data is then verified against existing ERP payment data with an advanced cash application rules engine that decreases manual processing and helps avoid errors such as misapplied payments. After data has been verified or exceptions have been resolved, the system transfers the applied cash and associated transaction for posting by single or multiple ERP or back-end systems.

Related Activities
J&B’s solutions will also be on display during a sold-out tour of Allstate’s Dallas-area facility on May 11. This site tour, which is affiliated with the FUSION event, will provide a first-hand look at Allstate’s remittance processing and accounts payable processing operations. Attendees will see how Allstate processes 1.2 million remittances per month at this facility. Allstate uses solutions from J&B, OPEX Corporation and other vendors to facilitate its mail opening, imaging and processing. In the AP department, attendees will receive an overview of the company’s automated invoice processing system.

McShea will speak on the “Lockbox Processing in Turbulent Times” panel at 9:45 am on May 10. This panel of leading lockbox processing providers will discuss implications and opportunities, as well as emergent trends that foreshadow next-generation lockbox services. The panelists will address the rapid growth of outsourcing as an increasingly important tool for transaction processing and receivables management. They will share their insights on: the changing business case for outsourcing payments processing and receivables management, the evolving mix of lockbox services, new outsourcing business models, the future role of banks in lockbox processing, developing a rock-solid business case for outsourcing, successful vendor selection and management and their predictions for 2010 and beyond.

J&B and its customer CN Railway (which operates the largest rail network in Canada and the only transcontinental network in North America) will co-present an in-depth case study on May 11 at 11 am The presentation will detail how CN is obtaining significant ROI, process improvements and enhanced cash flow from J&B’s state-of-the-art cash processing techniques and technologies. Attendees will learn how CN is using J&B’s intelligent document recognition, electronic clearing and enterprise content management solutions to gain impressive and immediate results.

J&B will co-present another case study on May 11 at 2:15 pm Along with its customer Edward Jones (the brokerage with the highest number of branches in the U.S.), J&B will discuss how Edward Jones deployed J&B’s remote deposit capture and electronic check collection solutions across 10,000 branches in less than one year, on time and on budget. The session will highlight efficient and successful project management, coupled with a feature-rich Web-based remote deposit capture offering.

Laurie Hunter-Manning, a senior account executive at J&B, will speak on the “Trends in Government Processing” panel at 3:30 pm on May 11. This session will present results of the TAWPI/FTA government processing survey. The study gathered comparative information examining current market trends in the adoption of document and payment processing technologies, cost per item analysis, best practices and cost-cutting strategies among local, state and federal government agencies.

John Kincade, J&B’s VP of business development, will speak on the “Best Practices in Payments and Receivables Automation” panel at 4:30 pm on May 12. This roundtable discussion will include the following topics: improving operations efficiency, optimizing electronic clearing methods, integrating multiple payment channels, streamlining exceptions management, making the most out of remote deposit capture and improving A/R posting.

J&B’s sister company, Regulus Group, will also exhibit in Booth #500 at the show. As the largest outsourced payment processor and one of the largest outsourced bill presentment providers in the United States, Regulus services over two billion paper and electronic transactions every year for companies in the telecom, insurance, finance, utility and healthcare industries. Like J&B, Regulus is a wholly-owned subsidiary of 3i Infotech (3i-infotech.com).

Jill Humbert, Regulus’ senior vice president of business development, will speak on the “Payments Processing Benchmarks” panel at 2:15 pm on May 11. This session will present the results of TAWPI’s 2009-2010 Payments Processing Benchmark Study. The study examined the productivity and cost of processing payments through an analysis of various functions, such as the business cases for in-house and outsourced functions and the integration levels of front-end payments systems and back-end ERP platforms.
Last month, OPEX (a J&B partner) announced the release of its next-generation AS-series scanner – the AS7200. J&B and OPEX are co-marketing this product, which is the world’s most efficient out-of-the-envelope scanning platform. The AS7200 is the successor to the AS3690 high-speed production scanner. When integrated with an OPEX.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: 3i Infotech Limited

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


J&B Software to Demonstrate its AP and AR Automation Solutions at FUSION 2010

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Marketing - 3i-Infotech.com 
+91 22 39145700 josh.wendroff[.]regulusgroup.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any 3i Infotech Limited securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From 3i Infotech Limited / Company Profile


Read Software Most Recent Related Newswires:

OpenText Showcases Data-Driven Insights and AI-Powered Solutions for IT Service Management and Healthcare at Pink24 and HIMSS
Siemens Joins Semiconductor Education Alliance to Address Skills and Talent Shortage in Global Semiconductor Industry
Lazer Sport Adopts Siemens Xcelerator Portfolio to Develop Safe, Sustainable KinetiCore Cycling Helmet Technology
Siemens Qualifies Industry-leading IC Design Solutions for Intel Foundry Processes
Infor Named to Constellation ShortList™ in 6 Product Categories
Axway Announces Entering into Exclusive Discussions to Acquire Most of Sopra Banking Software Activities
CentralSquare Brings RapidSOS Premium Directly to 911 and Public Safety Customers
Waldo’s Dollar Mart Streamlines Retail Operations with Oracle Cloud
BST Global Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Driving Digital Transformation in the AEC Industry
Wortmann to Deploy Aptean Solution in Production Facilities in Germany and Hong Kong
Data and AI Leader SAS Selects Redington as New Distributor for the Middle East, Africa and Turkey
SAP Accelerates Seagate Technology’s Digital Evolution with SAP S/4HANA
Aptean Expands Apparel Industry Leadership Through Acquisition of Momentis
Boehringer Ingelheim Partners with Veeva to Advance its Clinical and Regulatory Operations in Animal Health
Orisha | Openbravo Recognized in 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)