SIB Fixed Cost Reduction

By anthony.burket | March 3, 2022

SIB Clients Can Bring the Power of Electronic Workflows and A.I. to Accounts Payable with Paymerang

"We are excited to expand our offering with the introduction of Paymerang’s cloud-based invoice and payment automation solutions to our clients. In turn, SIB will offer its cost-reduction efforts to Paymerang clients who want to significantly lower their costs for third party vendor services."

- Kevin Flounders, President, SIB Fixed Cost Reduction

Leverage automation to alleviate the headache of manually processing invoices and payments.

Paymerang harnesses the power of automation to enable finance offices to become more efficient while reducing costs. Now SIB customers can automate their manual AP tasks and focus on higher value activities. No more tracking down invoices, printing checks, stuffing envelopes, handling vendor inquiries, and reconciling accounts.

With Paymerang’s invoice and payment automation, SIB clients can read, approve, post and archive invoices with a few clicks—and pay their vendors electronically.

IA invoice automation

Intelligent Data Capture to reduce processing time and errors

Electronic Document Workflow to enhance visibility and speed approvals

Automated G/L Posting to improve accuracy and efficiency

Electronic Audit Trail and Document Archiving to augment transparency

PApayment automation

A single, automated process to pay vendors through multiple methods

Less time and money spent by eliminating check printing, postage, envelopes, and chasing uncashed checks

Automatic reconcilement to ensure no outstanding payments or uncashed checks

Self-service reporting and detailed analytics for more transparent decision-making

Key Benefits:

Achieve better operational performance and transform your AP process

Greater Efficiency

with automated remittance and reconciliation with an easy-to-use interface

Greater Security

through encrypted account data and multi-factor authentication

Greater Speed

through fast and seamless implementation that takes less than 10 hours of your time to set up

Greater Support

through a dedicated team of payment specialists