The winning software/service solution must cut processing time, track and archive invoices electronically and streamline workflows. The solution should fully integrate with the existing accounting system and possess the following features: 1. Limited data entry or scanning on THA’s part; 2. 24/7 visibility of invoice, payment and approval status; 3. Allow designated employees to approve invoices from anywhere; 4. Ability to prorate invoices; 5. Ability to create, approve and match purchase orders to invoices; 6. Ability to integrate with current accounting software preferred; 7. Ability to pay suppliers quickly, efficiently and with the method the vendor prefers; 8. Ability to keep existing bank relationships and pay suppliers with check and ACH, to virtual cards and credit cards; 9. Ability to record the action of each system user to provide a digital paper trail of all actions; 10. Ability to generate detailed, on demand reports; 11. Ability to integrate expense accounts codes for multiple programs to accounting software; 12. Ability to separate billing by separate entities; 13. Ability to deduct invoices from budget line items; 14. Ability to designate approval flows of employees with dollar amount limits; 15. Ability to designate dedicated service teams for supplier management and payment execution
