ECP Introduces Web-based Portal to Automate Subcontractor Invoices Through Deltek Costpoint

HERNDON, Va.--(BUSINESS WIRE)--Enterprise Consulting Partners (ECP), a leading provider of business automation and enterprise content management solutions for government contractors and project-based businesses, announced the release of VPConnect®—a web-based portal that allows subcontractors to electronically submit their timesheets, expense reports and ODC data into Deltek Costpoint®. By automating the invoice processing cycle, VPConnect significantly reduces days sales outstanding (DSO) and eliminates costly billing errors.

“With VPConnect, Deltek clients can automate this cumbersome process to save both time and money. This is really the first step… product enhancements coming in Q1 2011 will enable subcontractors to add employee time by hour and day, and submit travel expense details.”

After subcontractors submit their time and expense data through the portal, vendor administrators can build an invoice and submit it electronically for approval. Subcontractors can also upload any supporting documents in the portal to facilitate the approval process.

All of the approved entries are uploaded into Deltek Costpoint using preprocessors to create the appropriate transaction entries. When combined with IAConnect® (ECP’s invoice automation product)—every invoice can be processed through an automated workflow and routed electronically for approval and expense coding.

“The process in which subcontractors submit time and expense data is typically paper-based, time intensive and error-prone,” says Tim Nero, ECP’s Vice President of Business Performance Solutions. “With VPConnect, Deltek clients can automate this cumbersome process to save both time and money. This is really the first step… product enhancements coming in Q1 2011 will enable subcontractors to add employee time by hour and day, and submit travel expense details.”

VPConnect is part of ECP’s docs for Deltek suite of products—designed to offer seamless integration between Deltek products and document management solutions. Additional products in the suite include:

Docs for Deltek

docs for Deltek is an exciting integration between Deltek products and document management-based solutions. It adds value to your Deltek software by coupling document management and workflow functionality with business processes such as accounts payable, requisitions, expense reporting, new project setup and billing for greater efficiency. For Costpoint®, GCS Premier® and Deltek Vision® users, docs for Deltek enables you to retrieve documents directly from virtually any screen.

IAConnect

IAConnect® is a powerful web-based invoice automation product that dramatically improves the efficiency of accounts payable processing. IAConnect features paperless invoice approval and coding functionality along with a flexible “business rules engine". As a result, IAConnect provides enhanced efficiencies, better cash management and lower costs of operation.

REQConnect

REQConnect® facilitates the creation, routing, administration and tracking of electronic purchase requisitions. It completely automates the requisition process while eliminating the use of paper. REQConnect performs all of these functions while maintaining synchronization with your Deltek Costpoint database through direct integrations.

About Enterprise Consulting Partners

ECP has been a Deltek ISV Partner since 2005, offering clients a wide range of “project-based” workflow automation and document management solutions that support business processes such as: invoice automation, billing, contract management, purchase requisitioning and human resources. These are complimented by our value-added integrations we provide between our content management system and Deltek software. For more information, please visit our Website at www.ecpcorp.com.