Financial Technology

Financial Technology

May 21, 2010

Wente Family Estates Adopts Purchase-to-Pay Solution Set from DataServ

Wente Family Estates adopted the DataServ Purchase-to-Pay, or “P2P,” solution set in order to automate its Accounts Payable processes. This adoption happened as a part of its finance improvement process initiative.

This adoption puts forward a new five-year agreement between the two companies. According to this agreement, DataServ will offer their AP Invoice Visibility and Control solution with Automated Workflow and AutoVouch modules. By using this advanced Software as a Service, or “SaaS (News - Alert),” solution, the Wente Family Estates are able to utilize the benefits of latest document automation technology exclusive of the capital investment, technological undesirability or IT resources associated with conventional software. This leads to noteworthy economic advantages as well as improved financial control and visibility to Wente.

Art Jeannet who is the CFO of Wente Family Estates said, “As Wente Family Estates continues to expand our wines nationally, we wanted to improve Accounts Payable processing for all our North American operations while minimizing the need for IT resources and leveraging the capabilities of our AMS inventory system to the highest degree possible. DataServ’s P2P solution allows us to do this quickly.”

Jeff Watson who is the DataServ Account Manager for Wente said, “The fact that our solution can accept any document format is important considering that the client processes tens of thousands of documents annually. Plus our state-of-the-art Data Center adds a level of confidence for them that their documents are always accessible and secure.”

DataServ is considered by many to be one of the most experienced Software-as-a-Service providers of document and process automation worldwide. It provides services for Purchase-to-Pay, Quote-to-Cash and Hire-to-Retire. DataServ customers are able to get all the benefits of document and data capture, imaging, workflow, electronic report management, storage, and retention management, without any infrastructure overheads and operational expenses of conventional software.

Wente Family Estates was founded over 125 years ago and is said to be the country’s oldest, continuously operated family-owned winery. Nowadays, it maintains its top spot in California winegrowing under the ownership and management of the fourth and fifth generations of the Wente family. In addition, Wente Family Estates is identified as one of the best wine country destinations of California. Here, the customers can enjoy wine tasting, fine dining and championship golf.

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Kelly McGuire

blog comments powered by Disqus