Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Vendor Invoice Management Software

Vendor invoice management software is technology that helps organizations digitize, store, route, and approve invoices from service providers and other third parties. Effectively utilizing invoice management software can unlock efficiencies for accounts payable teams and expedite payments to vendors.

Invoice Management at Financial Institutions

Banks and credit unions employ a variety of digital techniques for managing vendor invoices. Common examples include:

  • Email Attachments: One of the most prevalent (and least efficient) workflows involves routing PDF files as email attachments. Emails can be easily overlooked by team members, leading to delays and oversights. In addition, email-based processes cause the same document to be stored in multiple users’ inboxes.
  • Network Drives: Saving invoices in a unified location on the financial institution’s network drive reduces some confusion compared to email. However, network drives often lack consistency in file naming, which inhibits document classification and utilization. Configuring automated invoice routing workflows may be difficult or impossible.
  • Dedicated Vendor Management Software: A basic web search returns numerous software applications that specialize in vendor and invoice management. Such systems offer comprehensive suites of invoice-related features, such as advanced workflows for complex approval scenarios. Unfortunately, implementing a dedicated platform for vendor invoice management represents an incremental cost that may be difficult to justify.
  • Multi-Purpose ECM Software: Some ECM (enterprise content management) systems, such as FASTdocs from Alogent, offer a mix of document management capabilities to support multiple workflows—including vendor invoices.

Using ECM Software for Vendor Invoice Management

At Alogent, we believe leveraging existing ECM capabilities is usually the best approach for invoice management. For example, users of our FASTdocs system enjoy:

  • Intuitive Document Classification: FASTdocs can automatically identify documents as invoices and extract important metadata, thereby reducing manual data entry and accelerating document classification.
  • Easy Access to Vendor Invoices: Invoices in FASTdocs are organized in a “single view” folder, enabling multiple users to simultaneously access the same document. Using “in process” and “paid” folders offers a straightforward solution for tracking progress.
  • Pre-Configured Workflows: The FASTdocs Workflow Library, a collection of pre-configured workflows, supports basic invoice routing. Mutli-step invoice routing is also possible for cross-department approvals. Automated emails remind approvers to take action in FASTdocs.

Contact us to discuss Alogent’s invoice management solution for banks and credit unions.

Explore more resources

Related articles

Thursday 26 March 2026

From Fragmentation to Focus: Why Vendor Consolidation Is a Modern CIO’s Mandate for Financial Institutions

As technology leaders in banking and financial services, we rarely inherit a clean slate. We inherit technology environments built over decades, with systems added to…

Read the Blog

Tuesday 24 March 2026

Document Versioning: The Digital Staple for Financial Institutions—Bringing Clarity, Control, and Compliance to the Document Lifecycle

Have you ever sifted through a packet of stapled papers, trying to figure out which version of a form was the “right” one? In branches…

Read the Blog

Wednesday 18 March 2026

[Playbook] Strengthening Commercial Deposit Strategy with Unify’s Merchant Capture Capabilities

Corporate and merchant clients demand enterprise grade digital deposit capabilities that support complex cash management operations without compromising speed, security, or operational control. For businesses…

Read the Blog

Monday 16 March 2026

[Playbook] Saving Commercial Lenders Time During Tax Season

Accountants aren’t the only people who feel stressed during tax season. Commercial lenders and their assistants feel the pressure, too—especially when borrowers forget to submit…

Read the Blog

Thursday 12 March 2026

Unlock Greater Banking Efficiency with Alogent’s ECM Suite: AccuAccount + FASTdocs

Did you know: Alogent’s ECM software suite includes two powerful tools: AccuAccount and FASTdocs. Both systems were built for the specific needs of financial…

Read the Blog

Thursday 5 March 2026

The Check Fraud Shift: How Declining Volume Is Creating Higher Risk for Banks and Credit Unions

Check fraud remains a material and growing risk for banks and credit unions, and the data underscores why it demands renewed attention. Alogent’s newly published…

Read the Blog

Tuesday 3 March 2026

Ask the Experts: The Hidden Cost of Standing Still on Deposit Modernization

Deposit operations are undergoing rapid change. As real‑time payments, evolving fraud threats, and digital‑first expectations reshape the banking landscape, banks and credit unions are reassessing…

Read the Blog

Thursday 26 February 2026

Secure Document Collection for Banks and Credit Unions: Eliminating Risk and Friction

Collecting and managing documents remains a challenge for banks and credit unions, who often depend on manual, fragmented processes to exchange information with account holders…

Read the Blog