Formed AI and ECI Software announce partnership

Scottsdale, AZ July 1, 2023 – Formed AI, a robust mid-market developer of Business Process Automation Software has entered a strategic alliance with ECI Software Solutions, a leader in cloud-based business management (ERP) solutions to offer a first-class integration for accounts payable automation, providing automation for both processing of invoices and vendor payments.

FormedAI’s powerful digital accounting automation platform will natively integrate with e-automate to streamline and standardize AP workflows & vendor payments, to help businesses transform their accounts payable function into a revenue-generating center of the company, by earning rebates when making vendor payments.

This new integration between Formed AI and e-automate will allow e-automate users to reduce their manual tasks by as much as 80%, by providing secure and automated workflows for accounts payable and vendor payments.

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AVAILABLE IMMEDIATELY – VENDOR PAYMENT AUTOMATION:

  • TURN ACCOUNTS PAYABLE INTO A REVENUE GENERATING CENTER OF YOUR DEALERSHIP
  • Earn Rebates when processing vendor payments via Virtual Credit Cards
  • Automate processing vendor payments (Check, ACH and Virtual Card)
  • Make Vendor Payments Virtually
  • Increased Control & Visibility into Vendor Payments and Cash Flow Management
  • Significant Transaction Savings (Check and ACH)
  • No more Supplier Enablement, Stopped Payments and Refunds, Supplier Records Updates
  • Prevent ACH Errors
  • Avoid payment fraud by automating vendor payments via a secure portal

AVAILABLE SUMMER 2023 – AP AUTOMATION – AUTOMATE PROCESSING OF INVOICES:

  • Capture invoices digitally with a guaranteed 99% accuracy, including handwritten or unstructured
  • Automatically reconcile invoices to Purchase Orders and Goods Received “3 way match”
  • Attach proper GL codes (summary or line item)
  • Workflows automatically look up payment terms and discounts
  • No more missing Early Payment Discounts
  • Eliminate Duplicate Payments
  • Automatically apply credits
  • Route invoices to approvers or back to vendors if errors detected
  • No more data entry
  • Instantly gain visibility via built in dashboards into which vendors are owed, how much is owed and when it is due.
  • No more late fees, No more keying errors, ensure you are paying the contracted pricing, instant retrieval of invoices and no more lost invoices

To Learn more please contact a Formed AI Subject Matter Expert – [email protected]