FileBound delivers document and workflow automation applications that improve the operation of any organisation by connecting users with the information they need to work more efficiently and effectively.
FACTS customers can use FileBound to automatically extract invoice data (significantly reducing data entry), route creditor invoices through a custom approval process and deposit the approved invoice data directly into FACTS School Management. This is done using the FACTS FileBound Module and requires no human intervention.
Whether part of a broad-ranging information management initiative or a localised project-based one, FileBound & FACTS help streamline processes for your school to save time, reduce costs and boost efficiency:
Streamlined processes ensure that invoices are paid on time and with less effort, eliminating the need to pass paper around, match invoices to POs or chase down approvals.
Automated workflows guarantee that school policies and external mandates are always followed, enabling consistent compliance with audits and preventing fraud.
Advanced analytics expose data about transaction volumes, financial liabilities and vendor interactions to identify areas for improvement and assist with decision making.
Eliminate missing and duplicate invoices that lead to missed, late or duplicate payments. The result: happier suppliers, happier team members and fewer service calls.
Invoices enter the FileBound solution quickly, are routed automatically, and are accessible from anywhere, reducing resource costs and eliminating the need to manage paper files.
FileBound takes the paper out of your school, freeing up valuable physical space by storing documents electronically and reducing the costs of moving, filing, securing and storing paper.
Before implementing FileBound as part of their accounts payable solution, the Suncoast Christian College accounts team managed a time consuming, complex and resource-heavy process for paying invoices. Automating their document management, approval and payment processes saved them valuable time, money and resources. In fact, integrating FileBound with FACTS saved the college an additional 7.5 hours a week, equating to 780 hours a year in wages totalling $27,300 per annum.
Talk to us about taking control of your school’s data to drive future success.