Accounts Payable Automation Solution

The Vendor is required to provide for accounts payable automation from the potential interested proponents.
- Provide a solution that will provide optimal end-user experience (easy to use, accessible and convenient) and improve existing internal business processes through the streamlining of invoice approval for payment, voucher process and reconciliation processes.
- Provide an innovative and robust AP automation solution to streamline and enhance our existing invoice processing and workflows.
- Provide a comprehensive, user-friendly solution tailored to our specific needs. We are looking for a solution that can integrate seamlessly with our existing ERP Financial systems (Oracle JDE) using a standard JDE application.
- AP solution Include:
•    Seamlessly integrate with Oracle JDE (v9.2) using standard application
•    Automatic scanning of invoices targeting at least 85% accuracy rate, to shorten the invoice timelines and enable us to concentrate on exceptions.
•    Establish greater visibility of the AP process from invoice receipt to payment. 
•    Ensuring adherence to internal policies including a secure approval process.
•    Offers audit trails and reporting capabilities which allow ability to create ad hoc reports
•    Open to both on-premises and hosted SaaS (Software as a Service) solutions with a preference for SaaS.
•    The current invoice scanning has a hit rate below 50%, necessitating frequent manual intervention. 
•    Key fields are inconsistently captured, and the OCR system struggles to interpret invoices when images are unclear or shaded.
•    The current system is not able to identify between a real invoice and a statement, resulting in requiring manual verification.
•    Current system is not completing any vouchering automatically i.e. 3-way match.
•    Current approval routing configuration has limited flexibility and tedious to setup and maintain.
•    Limited reporting available to manage processes more effectively.

- Questions/Inquires Deadline: August 05, 2025