NGC Program Promises to Take Pain Out of Payments
Software company New Generation Computing recently debuted its Vendor Payment Automation program, which it promises will take away many of the headaches from the paperwork rooted in invoices and purchase orders.
One big paperwork headache comes from organizing and making sure everybody in a company is on the same proverbial page with what documentation has been received, said Mark Burstein, a NGC vice president.
His company’s new VPA software offers a program with which fashion companies can record invoices, purchase orders, packing lists and related materials into product-lifecycle-management systems, which NGC designs.
Like a PLM system, where a fashion label’s staff can work on the development of a fashion collection through computer and online, the VPA will allow those authorized to view documents to see on computer when various papers were received and what the company decided to do with the papers. The program will help create a more efficient workplace because documents are organized by computer instead of by hand, and it also provides a central place to make sense of reams of documents that companies must handle.
“This module broadens the universe of users,” Burstein said. “It might include the accounting department, the finance department, vendors invoicing the department. They enter right into the module, and it gives visibility to everybody in the supply chain on what payments were tracked.”
Because the module can organize so much paperwork, Burstein said, the module can track prices a company is being charged for various garments, which will make it easier to compare prices.
For more information, visit www.ngcsoftware.com.—Andrew Asch
