Abandons paper archive in favour of electronic scans
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Slough, England – 26 November 2004 – npower, one of the UK’s top energy suppliers, has installed an automated invoice processing system from integration specialist, BancTec Limited, to process the 100,000 plus purchase invoices it receives annually. Incoming invoices can now be scanned and processed automatically reducing errors and improving efficiency for the company's accounts department.
The new BancTec system scans up to 1,000 supplier invoices per day at the Account Payable section of npower's Shared Service Centre in Worcester. The system has been linked to npower's Oracle Financial system and can not only identify the supplier but also locate and validate the invoice against purchase orders and perform arithmetic checks on the figures.
The new system also archives all the scanned invoices. Financial administrators can call up the invoice image from within the accounts software or from a web-based solution provided by BancTec. Electronic archiving also removes the need to store paper copies of invoices for six years.
"This is a very neat solution to a paper mountain that was wholly unnecessary," said David Shields, IT Project Manager at npower. "The new system means a single operator can process all our purchase invoices, freeing up time for staff to take on alternative work. We’re looking at extending the system to other divisions in the near future."
npower is one of the UK's top three energy suppliers and draws on 50 years experience in supplying electricity and gas. npower offers a range of essential home and business services including conveyancing, to six million customers across the UK. For more information please log onto: www.npower.com
Founded in 1972, BancTec is a worldwide systems integration, business process outsourcing (BPO), software and services company delivering high-volume, mission-critical solutions to automate and streamline data and paper-intensive business processes. BancTec has deployed transaction solutions in over 50 countries, counts among its customers some of the most prominent companies in the world. As a leading worldwide vendor, at least 50 million documents or items are captured and processed by BancTec systems every day across the world. BancTec’s product suite combines unique flexibility, scalability, and connectivity to provide unprecedented levels of automation in the capture, processing, and distribution of both electronic and paper documents of all kinds.
BancTec complements its product suite with a line of proven hardware solutions, backed by dependable service and support. More at: www.banctec.co.uk
For further information please contact:
Ray Jones // Ian Painter
Media Link // BancTec Limited
0118 984 3386 // 01753 778701
email@example.com // firstname.lastname@example.org
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