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Document management and imaging software author, Version One (www.versionone.co.uk), is showcasing its full portfolio of purchase-to-pay (P2P) solutions on stand AF300 at Softworld Accounting and Finance 2007 (17-18 October 2007 in Hall 18, NEC, Birmingham).

These solutions, targeted at senior finance personnel, automate the entire P2P process from receipt of invoice through to paying the supplier. A Masterclass session by Paul Addington, Finance Change Programme Manager from leading children’s charity, NCH (at 12:30 on 18 October 2007), will also highlight the many benefits of using Version One’s technology to improve P2P. Benefits include increased efficiency, greater control over paying suppliers and considerable cost savings.

Version One’s P2P solutions automatically capture and verify information from inbound invoices and this information is then uploaded to the core accounting system. Invoices and all supporting documents are electronically stored in the archive (which is tightly integrated into the accounting system) and the authorisation process is automated. Once an invoice has been approved, payment can be made using Version One’s DbBACS-IP payment technology and the remittance advice can be instantly delivered by electronic mail or automated fax.

Catherine Murphy from Version One says, “By using Version One’s systems, organisations can revolutionise their purchase-to-pay processes including cutting costs, improving operational efficiency and reducing late payment penalties. Companies that continue to process invoices manually are operating inefficiently and essentially throwing money down the drain!”

To find out more about Version One’s P2P technology, visit stand AF300 at Softworld Accounting and Finance 2007, attend the Masterclass session at 12.30 on 18 October 2007, call +44 (0)1625 856505 or visit www.versionone.co.uk

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Notes to Editor

About Version One www.versionone.co.uk

Version One Ltd is the author of electronic document management and imaging solutions. These solutions enable the automated electronic storage, retrieval, management, delivery and authorisation of business documents such as invoices, purchase orders and statements. This 'paperless office' technology is seamlessly integrated into all major ERP and accounting systems and with a typical ROI of less than six months, Version One's solutions are enabling thousands of organisations to save dramatic amounts of time and money.

Contacts:

Liz Ebbrell, Version One

Liz.ebbrell@versionone.co.uk

+44 (0)1625 856505 or 07917 634 705

This press release was distributed by ResponseSource Press Release Wire on behalf of V1 Ltd in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.