Recent buzz from our side is linked to the partnership with DocProcess.
To summarize, the teams of DocProcess and Allevo brainstormed together over the past 6 months on ways to deliver a holistic solution to corporate customers. The two teams architected a solution that offers integrated automation services to banks and companies.
So far, not much new. Except for the fact that the solution benefits of the expertise of the two teams in financial services and business process automation. The result being an end to end solution that offers complete automation services for back-office operations, integration between ERPs and core banking systems, document processing for the Purchase 2 Pay and Order 2 Cash workflows, invoice management, and accounting reconciliation, as well as reconciliation between payments and invoices.
The architecture enables a number of scenarios. One allows big retailers to easily plug into bank infrastructures, benefiting of a consolidated view of their financial position and of access to aggregated financial data. They can as such offer relevant information to partners and suppliers – for example updated status of invoices.
This extends the capability of current systems to support business progress. For instance, with access to approved invoices and bank data, it is very easy to automate the factoring process.
The cloud availability of the service makes such a solution accessible to a wider palette of businesses, including the ones who are not looking to invest into building on premise hardware environments.
There are many scenarios and features to cover. Drop us a note if you’d like to dig further into this space.