PS/Invoice is a centralized invoice processing system designed to streamline billing operations for law firms. It automates invoice collection from major carriers, enables local review with central oversight, and integrates invoice data seamlessly into accounting systems. The platform offers efficient invoice management, thorough transaction monitoring, and streamlined financial integration. It allows for automatic storage of shipping costs and receipts, making cost allocation and recovery more accurate and efficient. PS/Invoice simplifies the entire billing process, from invoice retrieval ...
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PS/Invoice is a comprehensive invoice processing system tailored for law firms. It centralizes and automates the entire billing workflow, from invoice collection to payment and cost allocation. The platform streamlines the process of managing invoices from multiple carriers, allowing local offices to review shipments while maintaining central control over final invoice processing. By automating data integration and providing tools for transaction monitoring, PS/Invoice significantly reduces the time and effort required for invoice management, cost allocation, and financial reporting.
Key Features
Automated Invoice Collection PS/Invoice automatically collects invoices from all major carriers, eliminating manual data entry and reducing errors.
- Centralized collection from multiple carriers
- Automatic data extraction and processing
Local Review with Central Oversight The system allows for a distributed yet controlled review process.
- Local offices can audit and review shipments
- Central accounting location manages final invoice processing
Invoice Data Integration PS/Invoice seamlessly integrates invoice data into existing accounting systems.
- Customized upload files with GL codes and AP records
- Direct integration with financial systems for cost allocation and payment
Automatic Storage and Retrieval All invoice data and related documents are automatically stored for easy access and future reference.
- Detailed backup of all shipping costs
- Storage of individual shipment receipts and entire invoices
Benefits
Time and Cost Savings PS/Invoice significantly reduces the time and resources required for invoice processing.
- Saves hundreds of accounting team hours
- Streamlines cost allocation and payment processes
Improved Accuracy and Compliance The system enhances the accuracy of financial records and helps maintain compliance.
- Thorough transaction monitoring for identifying suspicious activities
- Automated receipt attachments for improved documentation
Enhanced Financial Visibility PS/Invoice provides better insights into billing and shipping costs.
- Detailed tracking of shipping expenses
- Quick identification of transactions requiring further review
Streamlined Billing Periods The platform accelerates the closing of billing periods through automation.
- Faster upload of data to financial systems
- Quicker and more accurate period closings