PRESS RELEASE 05/01/2019 – ROCHESTER, MINN.—
Metafile Information Systems and ACOM Solutions launch new, fully automated accounts payable invoice-through-payment solution.
Metafile Information Systems, the company behind MetaViewer – a state-of-the-art paperless automation/document management solution – and ACOM Solutions, a leading B2B payment platform provider, announced today that they have entered into a strategic partnership to launch a new Invoice-through-Payment Automation solution.
MetaViewer Paperless Automation increases efficiency by eliminating manual data entry and automating previously paper-based tasks, leading to substantial ROI and greater visibility across the enterprise. From accounts payable to accounts receivable, human resources to legal, MetaViewer enhances business’ Microsoft Dynamics ERP solutions by adding integrated workflow, document imaging and dashboard views of business processes. MetaViewer also recently debuted Touchless Invoice Processing, a completely intelligent and automated way for businesses to process documents based on their unique business rules.
ACOM transforms the way companies pay their suppliers through its intelligent payment platform, acompay™. The highly secure platform automatically determines the best way to pay then completes AP payment transactions all the way though settlement, reconciliation and remittance delivery. This eliminates the necessity, resource drain and high cost of manually processing paper checks, freeing up AP staff to focus on more strategic work. Through its virtual card network, buyers are able to earn cash-back rebate revenue directly from their AP spend. As a key part of the solution, ACOM handles all enrollment and onboarding of suppliers, then continuously monitors and supports them, all without burden to AP staff.
Combined with the power of Microsoft Dynamics, MetaViewer and ACOM have teamed up to round out their accounts payable and payment automation processes, now allowing companies to expand the current MetaViewer workflow with Invoice-through-Payment Automation. MetaViewer’s automated workflow captures key invoice information, facilitates a web-based workflow that auto classifies, identifies and extracts transactional data and allows for custom online approval workflows, and integrates with Microsoft Dynamics where vendor information is securely stored and posted for payment. This is where ACOM comes in, completing the automation workflow by seamlessly integrating with Microsoft Dynamics to make paperless payments to vendors. Companies using MetaViewer and ACOM’s Invoice-through-Payment Automation technology also get the added benefit of receiving cash back from AP payments, eliminating all paper from source to payment, and increasing accuracy throughout the accounts payable process.
“We are thrilled with this partnership and excited to be able to provide our customers with a fully automated invoice-through-payment process,” said Nick Sprau, vice president of sales and marketing at Metafile Information Systems. “The integration is a game-changer within the industry, transforming the way that companies collect invoices, store information and pay their vendors and suppliers. The innovation that ACOM brings to MetaViewer is essential for rounding out our solution.”
“This is a great move. Metafile has been an industry pioneer in bringing paperless automation to the enterprise, and now through our strategic partnership, MetaViewer functionality is extended right through payment processing,” said ACOM senior vice president, Jim Scott.
“Bringing two best-of-breed solutions together provides customers an unparalleled level of experience, proven technology and a laser-focus on true end-to-end paperless automation.”
ACOM and MetaViewer customers can now implement Invoice-through-Payment Automation, which is available to companies using Microsoft Dynamics as their ERP solution.
About Metafile Information Systems
Founded in 1979 and headquartered in Rochester, Minn., Metafile is an established, independent and efficient provider of paperless document management software applications supporting accounts payable, accounts receivable and human resources departments in middle-market and large businesses nationwide. More than 3,500 organizations have translated Metafile’s content management solutions into enterprise-wide value and a competitive advantage. MetaViewer is Metafile’s flagship paperless document management solution, offering paper and electronic invoice capture, web-based workflow, two and three-way matching, real-time graphical visibility and full ERP integration. Today, more than 15,000 financial professionals worldwide are efficiently processing more than 15 million paperless transactions per week with the MetaViewer solution. For more information, visit http://www.metaviewer.com.
About ACOM Solutions
A leading FinTech provider of B2B corporate and public sector payment solutions, ACOM has been transforming the way companies pay their suppliers since 1983. More than 1,500 midsize companies spanning multiple industries have used ACOM’s solutions to automate their accounts payables, mitigate financial fraud, and gain greater visibility and control of an organization’s cash spend. ACOM customers process over 32 million payment transactions per year representing $113 Billion in Accounts Payable spend. Learn more at acom.com.