Orienge, LLC has introduced the latest version of Conterra Financial Information Management (FIM), Conterra FIM 1.3.

The latest release adds features in three areas: expansion of approval options, process facilitation and general ledger coding support.

In addition to the software’s existing corporate approval policies (“Approval by Amount Range” and “Approval by Several Supervisors”), Conterra FIM 1.3 adds “Approval by Corporate Hierarchy,” allowing approval thresholds to be set by the levels in an organization and used for additional approval options.

Conterra FIM already automates the front-end consolidation and capture of the invoice management process. The new release adds options for automatic validation and automatic approval. Whenever an invoice meets all specific conditions, it can be validated and approved automatically, reducing the extra workload on the accounts payable staff, department staff and executives.
Previous versions of Conterra FIM established default general ledger codes (obtained from the enterprise resource planning system) for vendors and invoice categories. Conterra FIM 1.3 intelligently allocates line item detail of invoices to default GL codes, including automatic summarization of duplicate GL Code allocations. The AP staff only needs to verify the allocated costs.

“Organizations contemplating accounts payable automation solutions will clearly experience the advanced benefits of the Conterra FIM 1.3 feature set,” said Orienge president and CEO Daniel P. Shields in a statement. “Efficiency and control remain the core values of Conterra FIM.” 

For more information, visit www.orienge.com/fim.

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