ISGN Corp. has added a new invoice management system to its LenStar product, which is a Web-based attorney and referral communication system for the default management market.
Invoice Processing System (IPS) streamlines and automates invoice management functions between lenders and the attorneys and other vendors with whom they do business, ISGN says.
Attorneys and vendors can electronically submit invoices individually or in a batch format, and lenders can use the system to approve and deny invoices. Lenders and attorney vendors can also manage the status of invoices through automatically updated work queues, and custom dashboards track the invoice process automatically, enabling clients and vendors to bypass repeat data entry and toggling between systems, ISGN adds.
The Invoice Processing System can be used as a stand-alone system or be integrated into other client systems.
SOURCE: ISGN Corp.