{"id":56123,"date":"2023-07-06T15:41:12","date_gmt":"2023-07-06T22:41:12","guid":{"rendered":"http:\/\/www.enxmag.com\/twii\/?p=56123"},"modified":"2023-07-06T15:41:15","modified_gmt":"2023-07-06T22:41:15","slug":"formedai-integrates-with-eci-software-for-accounts-payable-solution","status":"publish","type":"post","link":"https:\/\/www.enxmag.com\/twii\/news\/2023\/07\/formedai-integrates-with-eci-software-for-accounts-payable-solution\/","title":{"rendered":"FormedAI Integrates with ECI Software for Accounts Payable Solution"},"content":{"rendered":"\n<p><em>Scottsdale, AZ (June 30, 2023)<\/em> \u2014 FormedAI, a robust mid-market developer of Business Process Automation Software has entered a strategic alliance with ECI Software Solutions, a leader in cloud-based business management (ERP) solutions to offer a first-class integration for accounts payable automation, providing automation for both processing of invoices and vendor payments.<\/p>\n\n\n\n<p>FormedAI\u2019s powerful digital accounting automation platform will natively integrate with e-automate to streamline and standardize AP workflows and vendor payments, to help businesses transform their accounts payable function into a revenue-generating center of the company, by earning rebates when making vendor payments.<\/p>\n\n\n\n<p>This new integration between FormedAI and e-automate will allow e-automate users to reduce their manual tasks by as much as 80% by providing secure and automated workflows for accounts payable and vendor payments. See the two-minute <a href=\"https:\/\/www.youtube.com\/watch?v=S3HvChq6k8g\">Formed AI Invoice to Pay<\/a> video.<\/p>\n\n\n\n<p><strong>Available Immediately &#8211; Vendor Payment Automation<\/strong><\/p>\n\n\n\n<ul><li>Turn accounts payable into a revenue-generating center of your dealership<\/li><li>Earn Rebates when processing vendor payments via virtual credit cards<\/li><li>Automate processing vendor payments (check, ACH and virtual card)<\/li><li>Make vendor payments virtually<\/li><li>Increased control and visibility into vendor payments and cash flow management<\/li><li>Significant transaction savings (check and ACH)<\/li><li>No more supplier enablement, stopped payments and refunds, supplier records updates<\/li><li>Prevent ACH errors<\/li><li>Avoid payment fraud by automating vendor payments via a secure portal<\/li><\/ul>\n\n\n\n<p><strong>AP Automation &#8211; Automate Processing of Invoices<\/strong><\/p>\n\n\n\n<ul><li>Capture invoices digitally with a guaranteed 99% accuracy, including handwritten or unstructured<\/li><li>Automatically reconcile invoices to purchase orders and goods received \u201c3 way match\u201d<\/li><li>Attach proper GL codes (summary or line item)<\/li><li>Workflows automatically look up payment terms and discounts<\/li><li>No more missing early payment discounts<\/li><li>Eliminate duplicate payments<\/li><li>Automatically apply credits<\/li><li>Route invoices to approvers or back to vendors if errors detected<\/li><li>No more data entry<\/li><li>Instantly gain visibility via built-in dashboards into which vendors are owed, how much is owed and when it is due.<\/li><li>No more late fees, No more keying errors, ensure you are paying the contracted pricing, instant retrieval of invoices and no more lost invoices<\/li><\/ul>\n\n\n\n<p>The e-automate and FormedAI integration is available for self-hosted users. Support for the cloud version of e-automate customers will follow in late Q3.<\/p>\n\n\n\n<p>To learn more, contact a FormedAI <a href=\"sales@formed.ai\">subject matter expert<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scottsdale, AZ (June 30, 2023) \u2014 FormedAI, a robust mid-market developer of Business Process Automation Software has entered a strategic alliance with ECI Software Solutions, a leader in cloud-based business management (ERP) solutions to offer a first-class integration for accounts payable automation, providing automation for both processing of invoices and vendor payments. FormedAI\u2019s powerful digital accounting automation platform will natively integrate with e-automate to streamline and standardize AP workflows and vendor payments, to help businesses transform their accounts payable function into a revenue-generating center of the company, by earning rebates when making vendor payments. This new integration between FormedAI and e-automate will allow e-automate users to reduce their manual tasks by as much as 80% by providing secure and automated workflows for accounts payable and vendor payments. See the two-minute Formed AI Invoice to Pay video. Available Immediately &#8211; Vendor Payment Automation Turn accounts payable into a revenue-generating center of your dealership Earn Rebates when processing vendor payments via virtual credit cards Automate processing vendor payments (check, ACH and virtual card) Make vendor payments virtually Increased control and visibility into vendor payments and cash flow management Significant transaction savings (check and ACH) No more supplier enablement, stopped payments and refunds, supplier records updates Prevent ACH errors Avoid payment fraud by automating vendor payments via a secure portal AP Automation &#8211; Automate Processing of Invoices Capture invoices digitally with a guaranteed 99% accuracy, including handwritten or unstructured Automatically reconcile invoices to purchase orders and goods received \u201c3 way match\u201d Attach proper GL codes (summary or line item) Workflows automatically look up payment terms and discounts No more missing early payment discounts Eliminate duplicate payments Automatically apply credits Route invoices to approvers or back to vendors if errors detected No more data entry Instantly gain visibility via built-in dashboards into which vendors are owed, how much is owed and when it is due. No more late fees, No more keying errors, ensure you are paying the contracted pricing, instant retrieval of invoices and no more lost invoices The e-automate and FormedAI integration is available for self-hosted users. Support for the cloud version of e-automate customers will follow in late Q3. To learn more, contact a FormedAI subject matter expert.<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[86],"tags":[653],"_links":{"self":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/56123"}],"collection":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/comments?post=56123"}],"version-history":[{"count":2,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/56123\/revisions"}],"predecessor-version":[{"id":56126,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/posts\/56123\/revisions\/56126"}],"wp:attachment":[{"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/media?parent=56123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/categories?post=56123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enxmag.com\/twii\/wp-json\/wp\/v2\/tags?post=56123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}