Reduce and Control Accounts Payable
- Detection Actual vs Projected Costs and stop automatic payments until the differences are resolved.
- Move bills across your organization to involve line managers in the decision to pay suppliers, thereby increasing their accountability and involvement in the business.
- We have seen cases of MIGS reducing by 20% services bills identifying errors, waste or excess.
Effectively Manage Exceptions
- MIGS provides the method to track the investigation and decisions of exceptions to the bills in question, providing the method to store the evidence and decisions regarding a bill under exception. This reduces the admin overhead in tracking these and enforces a process to follow before a bill is paid, protecting the organization and its budget.
- MIGS provides full transaction tracking and accountability of payment decisions.
Track and Manage Supplier Budgets
- Assign and track supplier expected expense budget across multiple levels of detail.
- Automatically approve conforming bills, and flag exceptions for investigation to the authorized personnel automatically, via email and SMS.
- Integration with various ERP and CRM systems to cull and track bills.
Effective Payment Authorizations
- Once payment is authorized, MIGS can interface with ERPs to authorize payment, or provide reports with transaction logging to approve specific bills for payment.
- MIGS provides various methods to track these authorizations and provides dashboard metrics to graphically see the progress.
