Press release from the issuing company:
Now with 35 office technology dealer-subscribers, Formed AI reports growing success with its AP and Vendor Payment Automation Solution with Certified Integration with E-automate. “We have established an enhanced partnership with ECI, which has allowed us to collaboratively build an API to offer our AI and machine learning to automate the processing of invoices with up to 100% automation,” said Jeff Masters, president and CEO of Formed AI.
Dealers have limited resources and often have team members with multiple responsibilities, Masters continued. “A proficient, automated system can be put in place to free them up to do more important work by implementing the Formed AI, Invoice and Vendor Payment Automation Solution with a certified integration with e-Automate,” he added.
Current High Level View of Features:
- 100% Automation with P.O. invoices
- Cash with Order Automation
- P.O. Receiver Automation
- Automate posting invoices back to a previous period
- Automate processing RTV’s
- Automate processing credits
- Ability to automate processing P.O.’s with revisions
- 90% Automation processing ITT invoices including auditing
- 90% Automation processing Vendor/ Non-P.O. invoices
- Automate Payments and Generate Rebates & Transaction Savings
- More on our roadmap…
“In addition, there is a very meaningful recurring revenue model for those dealers who also would like to become a VAR/reseller.” concluded Masters.
