BancPay cloud invoicing service launched

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US-based transaction automation and outsourcing specialist BancTec has turned its attention to online invoice processing with the launch of a new UK online service called BancPay.

Using cloud technology, BancPay accepts invoices from email, e-commerce systems and document scanners and outputs them in a standard electronic format that can feed straight back into accounting systems. As well as automating purchase ledger tasks, BancPay can also issue and track the progress of sales invoices within the user’s customer network.

The service is currently being offered free for new “walk up” users for up to 25 invoices a month, with fees rising from...

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