Ariett News – September 29, 2016 – Ariett, a leading provider of Cloud Purchase and Expense software, announces ARCA, Inc. (NASDAQ: ARCI), an industry leader in appliance recycling, has chosen Ariett’s AP Invoice Automation solution to establish a paperless, modern accounts payable process with centralized visibility to transactions and approvals for financial decision-makers.
A provider of appliance life cycle services for forty years, ARCA consists of three operations: 18 stores that sell appliances; regional centers for processing end of life appliances; and ARCA Advanced Processing, LLC., which develops recycling technology. To support their distributed operations, ARCA required a robust cloud platform that would allow their multiple locations to quickly scale and go live on the software. Ariett’s SaaS cloud solution on the Microsoft Azure platform offers ARCA a reliable and secure platform with geo-redundant data backups and simple user onboarding and management through Microsoft Azure Active Directory.
“For large organizations with decentralized operations, like ARCA, it is now, more than ever, a top priority to leverage leading accounts payable automation solutions to effectively manage invoices across operations,” said Glenn Brodie, president of Ariett. Brodie added, “While employees benefit from using Ariett’s easy-to-use AP Invoice Document Capture Service from anywhere, CFOs and financial managers have centralized visibility to these transactions and associated documents. As a result, Ariett helps the financial team to eliminate lost invoices, speed up month-end accounting processes, analyze vendor expenses and make informed decisions.”
Employees at different store or regional center locations and vendors gain the ability to submit electronic invoices directly to Ariett’s Document Capture Service, which will automatically create a transaction and route the invoice for approval, boosting ARCA’s AP efficiency. In one step, an AP team member can review the invoice document next to the AP transaction with default GL coding, make any necessary changes and submit for approval.
In addition, ARCA’s CFO and financial managers will benefit from having global, role-based visibility to spending for each of their operations and store locations. Ariett’s advanced reporting and analytics can be used to report on monthly accruals and to break down corporate expenses by operational entity or by store location. Reporting on spending by vendor can help organizations to compare vendors and to leverage this information during contract negotiations.
Having a centralized repository for documents and an audit trail of approvals reinforces a culture of accountability among employees by making it easy to track documents and all related communication. At any time, ARCA can extend this visibility by leveraging other areas of the Ariett platform, including Automated Payment Processing, as well as Requisition, Purchase Order and Contract Management.
Ariett is a leading provider of Cloud Purchase and Expense software that generates savings on every contract, requisition, invoice, expense report and payment with a modern, unified procurement platform. Mid-market and mid-enterprise companies use Ariett’s web application to manage indirect spending securely through any mobile device. Ariett is designed for employees to quickly and easily generate requisitions, manage preferred vendors, capture documents, check budget availability, track contracts, and process transactions with a flexible workflow. Headquartered south of Boston, Ariett delivers insight and visibility with one application to use across entities for complete purchase to payment. For more information, please visit www.ariett.com, call 781-826-1120 or connect with Ariett on LinkedIn, Facebook, Twitter, and YouTube.