Vision360 Enterprise

Vision360 Enterprise by BlueCreek Software is an invoice processing system designed to streamline accounts payable workflows and automate routine business processes. According to the vendor, this solution is suitable for companies of all sizes, from small businesses to large enterprises, and caters to a wide range of professions and industries, including accounts payable professionals, controllers, finance executives, healthcare organizations, higher education institutions, manufacturing companies, retail businesses, and biotech firms.

Key Features

Accounts Payable OCR Scanning and Data Capture: According to the vendor, the system can capture invoice details from supplier invoices, verify and validate captured data for accuracy, match data against external sources like vendor master and purchase order files, and eliminate manual data entry of accounts payable invoices.

Automated Invoice Routing: The vendor claims that the system can systematically prioritize and route vendor invoices for review, streamline the approval process and eliminate back-and-forth communication, enable easy approval and GL coding from anywhere, and provide centralized visibility and control with the AP Management Dashboard.

Systematic PO Invoice Matching: The system is said to automatically match invoices to purchase orders and goods receipts, apply tax, freight, and variance rules to ensure accuracy, prevent duplicate payments, and reduce errors, and improve efficiency and speed up invoice processing.

Enhanced Visibility & Control: According to the vendor, the system provides real-time statistics, reports, KPIs, and metrics on AP Dashboards, allowing users to monitor and manage the entire AP process from one place, track, measure, and monitor the lifecycle of every supplier invoice, and improve control and decision-making with comprehensive analytics.

Centralized Communications: The vendor claims that the system streamlines communication between AP staff, managers, and approvers, consolidating all information and discussions in one place for easy access, allowing for quick and efficient collaboration and issue resolution, and improving supplier relations with open lines of communication.

Ultimate Authority: The vendor states that the system can enforce strict financial rules and policies for cost control and compliance, establish clear approval hierarchies and authority levels, maintain audit-ready access and documentation, and prevent fraudulent invoices and activity with systematic controls.

Instant Accruals: According to the vendor, the system can generate monthly invoice accruals with a click of a button, ensuring timely and accurate accruals for monthly, quarterly, or annual closes, simplifying financial reporting and forecasting, and improving cash flow management and financial decision-making.

Automated Invoice Recognition with 99% Accuracy: The vendor claims that the system can automatically extract and validate invoice details using AI and OCR technology, eliminating manual steps and reducing data entry errors, capturing invoices from various sources such as paper, emails, PDF, and EDI, and ensuring high accuracy and completeness of captured data.

Flexible Electronic Vendor Payments: According to the vendor, the system allows users to pay suppliers electronically via checks, ACH, or credit cards, optimize cash flow and payment terms, take advantage of early payment discounts and cash rebates, and improve vendor relationships and strengthen partnerships.

ERP Integration: The vendor states that the system seamlessly integrates with major ERP systems such as SAP, Oracle, NetSuite, and others, synchronizing vendor and invoice data with the ERP system, eliminating manual entry of invoices into the accounting system, and maximizing return on investment and leveraging existing ERP infrastructure.