Invoice Processing for Retail

You've recruited them, screened them, interviewed and assessed them. Now it's time to bring them onboard. Are all the administrative forms up to date and in place? Did new hires provide the required identification and supporting documents? 

Were all forms completed? And signed? Were all the appropriate pieces of information distributed to those who need it – human resources, benefits, payroll, IT and facilities? And were the proper procedures followed to protect private or sensitive employee information?

Start with our standard solution to expand visibility into accounts payable immediately. It enables your shops, offices, warehouses and franchisees to scan, route and key invoices from the point of receipt directly into your existing financial application. These locations enjoy the additional benefits of faster approvals and reduced processing time for key suppliers and service providers.

We also offer advanced, highly scalable solutions that accommodate numerous languages and compliance standards, and enable greater efficiency and process transparency in shared services environments. These solutions incorporate our intelligent capture technology powered by Brainware to extract data from invoices and other sources automatically to streamline matching, approval and payment, eliminating time-consuming data entry and reducing errors.

Benefits of Invoice Processing for Retail

• Release shops from non-value-added tasks to increase the time employees spend on the sales floor
• Efficiently process invoices for location-based services to ensure high service levels from valued vendors
• Provide immediate visibility into purchases to control spending creep or out-of-compliance transactions
• Achieve high levels of straight-through processing and eliminate volumes of exceptions

To learn more about Lexmark's solutions for retail, contact us today.