DCS in Financial Services
DCS has been providing document management solutions for over 10 years to the finance industry. DCS provides a wide range of solutions to the financial industry and understands the complex regulatory and VAT environment in which financial service organisations operate. The DCS Purchase to Pay Solution is enabling leading financial institutions to implement a streamlined process. Prior to implementation, many of the financial institutions’ procurement can be characterised as being fragmented through the use of different purchasing processes.. Other issues include: duplication of effort, hidden factory costs, long cycle times for invoice approval, and difficulty in paying suppliers to terms. The DCS solution incorporates best practice for procurement and payables. It allows a large degree of flexibility and removes the delays associated with paper through the implementation of a streamlined electronic process. Additional features in the DCS Purchase to Pay Solution include dynamic reporting and budget checking which ensures effective spends.