WHAT IS BDA?
BDA (Billing Data Analyzer) is a SaaS solution that automates invoice collection, invoice capture, invoice processing and payment approval. Using automation tools, BDA simplifies the entire end-to-end invoice process. BDA allows your team to focus more on analytics and less on clerical duties. BDA drives efficiency, which saves your organization time and money.
BDA | Features - Benefits
BDA Automation Drives Efficient Invoice Processing Using:
Collection & Capture
-
Highly Automated Data File Collection & Tracking - Know where your invoice is at all times.
-
Secure Cloud Access - Access reporting anywhere, and at anytime using our online portal.
-
Extensive Reporting - Produce reports from a variety of canned reports or from our ad hoc reporting tool.
Invoice Processing
-
Invoice Management - Track status from not received, to in process, to approved, to paid.
-
Inventory Management - Verify services invoiced tie to your active inventory.
-
Auditing - Configure automated checks and validations.
-
Cost Allocation - Assign cost to unique business entities (and backbone)
-
General Ledger Coding - Apply cost categories and identify trends
-
Integrated Dispute Functionality - Create, submit and track vendor disputes.
-
Review & Approval Routing - Customize flows and create transparency.
AP Integration
-
Produce Invoice Data File for AP - Feed invoices approved in BDA directly into existing accounting system to queue invoices for payment.
-
Monitor AP Status - Upload posting and payment journals from accounting system back into BDA.
-
Report on Invoice Status - Ensure invoices are paid in a timely manner to avoid service disruption.
