Archive Systems Announces ASPEN 360 Accounts Payable Edition, Release 9.5

    FAIRFIELD, NJ, October 06, 2009 /24-7PressRelease/ -- Archive Systems, a leading provider of records management services, today introduced ASPEN 360 Accounts Payable Edition, Release 9.5. ASPEN 360 is a SaaS-based solution that streamlines the AP process by combining the Invoice Virtualization Center for invoice receipt, imaging and data capture with advanced AP workflow automation, straight through processing and enhanced exceptions handling. Release 9.5 includes major new enhancements that not only provide more robust functionality but also significantly reduce implementation times.

"ASPEN 360 Release 9.5 represents a significant breakthrough in accounts payable automation. The new graphical Configuration Editor can be used to design and manage workflows as well as change the underlying database elements without programming. Release 9.5 also provides AP departments with powerful new tools for managing the AP process. These changes significantly reduce implementation times and costs, marking a major step forward for any company looking to utilize accounts payable automation," stated Gordon Rapkin, CEO of Archive Systems.

Along with simplified implementation, Release 9.5 enables users to index and manipulate invoices from within ASPEN 360 to handle situations that previously may have required external support. In addition, users are able to split invoices and resubmit them into the AP workflow.

Updates to the search functionality now provide users with more capabilities to find and manage invoices. ASPEN 360 administrators have the power to design dynamic queries and ad-hoc views that can be saved for future use. They can also take advantage of the built-in queries that follow accounts payable best practices.

ASPEN 360 now includes a graphical tool for designing and revising the workflow. This new tool makes it much easier to customize the workflow and quickly make changes without any programmer involvement, based on the new and more powerful workflow engine that has been added to ASPEN 360.

"These changes have opened the door for an affordable AP workflow solution for small and medium-sized businesses," added Rapkin. "Larger enterprises will also benefit from Release 9.5 because of the reduced implementation times and greater flexibility to customize workflows and self-manage the AP process. Instead of taking months to get up and running, clients can be processing invoices using ASPEN 360 in a matter of weeks."

About Archive Systems

Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.

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