Name: Conterra Financial Information Management
Author: Orienge

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Help Authoring

Push Notifications

Development

Audit

Business Intelligence (BI)

Collaboration

IP PBX

Org Chart

Procurement

Enterprise

Accounting

Spend Management

Trust Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Bot Mitigation

C/C++ Integrated Development Environments

Cloud Storage

Code Review

Data Center Power

Data Quality

Density-Optimized Servers

Disk Based Backup

Fraud Detection

Hadoop-Related

IT Infrastructure Monitoring

Identity Management

Integration Platform as a Service (iPaaS)

Managed File Transfer (MFT)

Managed Print

Network Performance Monitoring

Object Storage

Relational Databases

Smart Contracts

Virtual Private Network (VPN)

Information Technology

A/B Testing

Ad Serving & Retargeting

Affiliate

All-in-One Marketing

Click Fraud

Content Management

Contest Management

Direct Mail Automation

Email Marketing

IP Geolocation

Intent Data

Local Marketing

Marketing Automation

Mobile Analytics

Social Media Management

Survey & Forms Building

Video Collaboration

Web Analytics

Marketing

Project Management

Wireframing

Professional Services

Customer Relationship Management (CRM)

Trade Promotion Management

Sales

Antivirus

Security

Estate Planning

Lease Management

Mobility as a Service

Nonprofit Fundraising

Public Transportation

Scholarship Management

Smart Cities

Telemedicine

Vertical-Specific

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Conterra Financial Information Management (FIM) is a solution designed to streamline accounts payable automation and information management. It is targeted towards organizations with more than 5 AP professionals that process over 500 invoices monthly. According to the vendor, Conterra FIM caters to the needs of accounts payable professionals, finance managers, CFOs, procurement managers, and financial controllers across various industries.

## Key Features

**Automated Invoice Data Extraction**: According to the vendor, Conterra FIM utilizes optical character recognition (OCR) technology to automatically extract up to 98% of invoice data, aiming to eliminate manual entry and reduce errors.

**Three-Way Matching**: Conterra FIM is said to enable three-way matching of invoices, purchase orders, and receipts, aiming to ensure accuracy and consistency in accounts payable data while alerting users about potential discrepancies.

**Easy GL-Coding**: The vendor claims that accounts payable managers can easily assign GL codes to invoices using Conterra FIM, aiming to streamline the GL coding process and reduce errors. GL codes can be validated for further approval and payment.

**Vendors Notification**: According to the vendor, Conterra FIM provides vendors with notifications about the status of their invoices, aiming to enhance communication and transparency between the organization and its vendors, improve vendor relationships, and reduce inquiries about payment status.

**Reduce Validation Errors**: The vendor states that Conterra FIM significantly reduces validation errors, such as duplicate payments, by at least 80%. It is said to alert users about potential validation errors and inconsistencies in accounts payable data, aiming to prevent financial losses.

**Accounts Payable Workflow Configuration**: According to the vendor, the accounts payable workflow in Conterra FIM can be easily configured based on the existing business process. It offers flexibility to adapt the system to the organization's specific needs and requirements, with the ability to receive expert recommendations.

**Invoice Tracking and Analysis**: Users can track invoices at different work stages and analyze relationships with vendors using Conterra FIM, according to the vendor. This feature aims to provide insights into invoice processing efficiency and vendor performance, enabling better decision-making and process optimization.

**Document Storage and Retrieval**: Conterra FIM captures and stores various types of invoices, including e-mails, PDFs, e-invoices, and scanned paper, in a central repository, according to the vendor. This aims to reduce storage and retrieval outsourcing costs and facilitate easy access to invoices for audits and other purposes.

**Expense Report Management (Additional Feature)**: In addition to accounts payable automation, Conterra FIM includes expense report management functionality, according to the vendor. It aims to streamline the process of creating, verifying, and approving expense reports, improving transparency and financial control for employees, freelance workers, AP specialists, and the CFO.

**Integration with Financial Systems**: According to the vendor, Conterra FIM seamlessly integrates with any financial, accounting, or ERP system, enabling automatic transfer of information without disrupting the accounts payable workflow. This integration aims to enhance data accuracy and eliminate the need for manual data entry.

Conterra Financial Information Management (Conterra FIM) is comprehensive enterprise-level software for accounts payable automation, invoice management and expense report management. It is a powerful tool to manage AP workflow and reduce your costs per invoice.

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Accounts Payable

Orienge

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

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Accounts Payable Software

Conterra FIM

Conterra FIM

Overview

What is Conterra FIM?