ADP Tax & Financial Services announced the availability of a new automated accounts payable management solution. The offering, delivered through an alliance with Harbor Payments, marks the company's entry into the accounts payable market.
ADP's Automated Accounts Payable solution allows companies to streamline their payables processes from invoice capture, routing, approval and matching, to electronic payment execution. Once an invoice is received, it is scanned into the system and routed within the client organization for approval. Once approval is obtained the client can transmit electronic payments.
ADP chose to partner with Harbor Payments, a provider of electronic invoicing, billing and payment solutions, because of the company's technology expertise and market relationships. Harbor Payments has a network of more than 150,000 vendors that provide electronic invoices, further expediting the process.
The automated accounts payable offering also provides an audit trail that details each step invoices take up to the final payment, and allows companies to outsource the printing of accounts payable checks to ADP.
ADP Tax & Financial Services is part of Automatic Data Processing Inc.'s Employer Services Division, a provider of integrated outsourced payroll, benefits and human resource services.
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