Newgen Software, a global provider of low code digital transformation platform, is pleased to announce that Newgen’s accounts payable solution is recognized in the Gartner “Market Guide for Accounts Payable Invoice Automation 2023 Report.” This report assists CFOs, controllers, and business leaders in identifying the most effective and cost-efficient invoice automation solutions while also establishing future expectations.
Newgen’s Accounts Payable Solution, built on NewgenONE—a low code platform—is designed to give a tight control over cash management and working capital management. The solution streamlines the complete process, from omnichannel invoice capture, extraction, validation, payment processing to posting to ERP & archiving the Invoice document. Organizations can leverage this solution to achieve true hyperautomation as we use the best-in-class technology to achieve end-to-end automation.
The solution automates standard operating procedures (SOPs) of finance processes from start to end, improves process performance, enhances service level agreement, and creates a frictionless experience for users & vendors via the lightweight vendor collaboration portal while providing complete visibility. With features ranging from predictive intelligence and intelligent document processing to KPI-focused interactive dashboards and anytime anywhere access to data, the solution helps boost the accounting team’s efficiency.
“We are delighted with this recognition, and we believe it certainly reinforces our dedication to providing cutting-edge solutions to our customers on a continuous basis. At Newgen, we are committed to transforming the finance and accounts function by understanding the unique needs and expectations of finance, vendors, and other stakeholders. Our rich experience of over 30 years in invoice processing helps organizations cover their legacy to modern expectations being met and act as a launch pad for business inclusive strategies,” said Runki Goswami, VP, Marketing, Newgen Software.
