SpringCM, an enterprise document management and workflow vendor, released its Accounts Payable Automation Solution in integration with Intacct’s on-demand financial management and accounting applications. The new document management solution aims to improve productivity and reduce expenses by making paper-based processes obsolete in the accounting and financial industries. SpringCM Accounts Payable Automation Solution for Intacct combines the best of two worlds: SpringCM’s content management capabilities and Intacct’s financial expertise. Both products are also SaaS-based. San Jose-based Intacct has been in the business of on-demand financial management and accounting applications since 1999. The solution will help CPA firms and financial outsourcers provide better service and higher value to their clients by replacing printed documents with electronic processes complete with audit trails and version control. This “first-ever combination of Software-as-a-Service (SaaS) financial applications and document management” brings both the finance department and the accounting profession one step closer to the real document management in the enterprise.The Accounts Payable Automation Solution should be a welcome addition to any company suffering from paper-based documents nightmares. They now will be able to enjoy the benefits of document capture, management and workflow. The SpringCM Accounts Payable Automation Solution for Intacct promises to save 50% on the costs that involve:* Invoice capture, automatic extraction and population of index data * Secure storage, full-text search and retrieval capability * Automated matching of invoices and purchase orders * Automatic invoice categorization and approval routing * Automated exception handling and escalation procedures SpringCM is not resting on laurels even after KMWorld Magazine has recently placed its Software-as-a-Service platform in the Trend-Setting Product List of 2008. The partnership with Intacct comes a little over a month after SpringCM announced a slew of changes and improvements in SpringCM 4.4.