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BUSINESS PROCESS MANAGEMENT

Business Process Management involves process level digitization from an end to end perspective.

  • Process level digitization solutions are extremely necessary in this age as most jobs are automatized and its process should also be automated in the form of digital solution.
  • This encourages use of less manpower, error-free tasks and quicker compilation of results.
  • Process level software solutions connects various levels of hierarchy in the office instantly and hence the expedites the whole workflow of the system.
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RECEIVABLE PROCESS

An invoices or accounts payable is essential part of the organization, so is receivable process. In fact, it is extremely significant as it adds to the revenue of the organization.

  • Regular follow ups
  • Automated reminder emails
  • Tracking payment through various channels
  • Part & balance payment records
  • Tallying the accounts

WORKFLOW SOLUTIONS

Workflow solutions are necessary in an organization in order to set a pattern to maintain flow of work till its end with no delay. Workflow solutions specify deadlines, assigns tasks to relevant team members and provide reporting on the work status.

  • Access and assign work items easily
  • Identify availability of resources to associate to work items in a workflow
  • Set required patterns, standardization in process of workflow based on project
  • Search, View & Retrieve work items and their status easily

ACCOUNTS PAYABLE PROCESS

Invoices are a long drawn procedure starting from the invoicing party to the accounts department at the payable party. The chain of command and its duration for processing at every stage can make or break the business relationship between both the parties. It is hence inevitable to be able to automate & centralize the accounts payable process

  • Lakson technology offers automated solutions for invoice processing
  • Complete the invoicing process in handful of steps, in lesser time with no scope for errors at lower costs
  • Integration of all inbound channels of incoming invoices
  • Software which aids in scanning invoices,invoice reading, workflow-driven accounting, ERP integration, audit-proof archiving
  • Invoice reading involves extraction, classification & verification
  • Send approval on any smart devices, thereby reducing waiting time