RapidPay Invoice Scanning & Web Based Approval System



MDS Rapid Pay is an automated invoice processing and approval solution that reduces the cost and hassle associated with manually entering, approving and retrieving paper invoices. This web based product takes advantage of Optical Character Recognition (OCR) technology to perform data entry with minimal human intervention while at the same time cutting down on costly mistakes and the time it takes to copy, file and retrieve invoices.

Once entered, invoices can be automatically routed to internal and external approvers using robust, user definable workflows over the web. Do you have a board president that likes to see and approve every invoice over $5,000.00? MDS RapidPay makes the review and approval process easy and efficient for everyone.

Key Features

  • Reduce the time spent manually entering invoices by over 50%, enabling you to scale up your operation without adding additional staff
  • Increase your business intelligence through near instant visibility on all outstanding invoices
  • Eliminate the costs associated with the storage and copying of paper invoices
  • Capture images of invoices for easy retrieval and reduced auditing and reporting costs
  • Record utility usage information automatically with algorithms specifically optimized to read the invoices of New York’s biggest utility providers
  • Route invoices based on user definable workflows for approval from any location over the web, providing a valuable service to investors and board members looking to approve big ticket invoices
  • Communicate electronically with approvers and bookkeeping staff directly from the user interface while reviewing and approving invoices, saving valuable time
  • Maintain approval audit trail with full annotation capabilities, for complete control and visibility of your accounts payable process

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