Beach Street Consulting, Inc.

Beach Street Solution

Beach Street reviewed the business issues and suggested implementation of the Beach Street's Accounts Payable Solution. This solution based on the Captiva InputAccel for Invoices and leveraging Beach Street ERP Connector Frameworks was chosen because of its cost effectiveness and speed of implementation.

Streetwise™ Approach

Within twelve weeks a full production system was in place which allowed for the seamless processing of paper invoices with minimal preparation. The advanced recognition engines allowed for the processing of over 85% of the PO based invoices without manual intervention. Implementing the Beach Street ERP Connector allowed vouchers to be created automatically in the PeopleSoft system enabling straight through processing of invoices. All the invoice documents were available for viewing directly from the PeopleSoft interface.

Benefits/ROI:

The customer recognized a positive ROI on the project within twelve months. Specifically, error rates on invoices were reduced from 35% to less than 2%. Invoice processing speed was increased by 300% allowing for collection of early payor incentives and bonuses.

Profile

Customer:
This Large Healthcare Network provides services to a large area of the NorthEast United States. They manage several major hospitals and over a hundred offsite clinics and other medical facilities.

Problem:
As this client's network has continued to expand, the number of vendors and invoices that need to be controlled and processed has risen greatly. This increase in volume and complexity led to significant issues with the Accounts Payable department's ability to rapidly and accurately process invoices. The client had already made a significant investment in an ERP system (PeopleSoft) and needed to focus on reducing the inefficiency, cost and errors that are invariably associated with paper based processing.