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What is Accounts Payable Automation?

With a multi-channel invoice data capture approach it doesn’t matter anymore how invoices come in (mail, e-mail, on-line). All are channeled to a single data capture process that leverages industry leading application to quickly and accurately extract data and reduce up to 90% of the manual work needed for data entry, invoice validation and approval.

Overview

Accounts payable plays now a front line role in corporate financial strategy and this generates allot of pressure for accounting managers to handle processes faster, deliver more accurate data to support business decisions while reducing costs at the same time.

That’s why we created Accounts Payable Automation solution. Now you can empower your department to eliminate laborious manual data entry and gain valuable time to deliver actionable insights to key decisions makers, company wide.

With a multi-channel invoice data capture approach it doesn’t matter anymore the channel trough which invoices come in (mail, e-mail, on-line). All are channeled to a single data capture process that leverages industry leading application to quickly and accurately extract data and reduce up to 90% of the manual work needed for data entry, invoice validation and approval. Your AP staff will now have more time to concentrate on the important tasks like insuring that the invoices are payed on time to keep your suppliers happy and your business on track to success.

With workflows build on real use cases for routing and approval processes and a user friendly interface that line of business workers will love to use, without the need of specialized IT personnel, you can improve your business productivity and reach a new level of operational excellence.

Challenges and problems

  • Lack of process visibility for the accounts payable;
  • Missed payments with potential penalties and unhappy suppliers;
  • Invoice entry errors or fraudulent invoices;
  • High processing costs;
  • Delayed or inaccurate reports due to accounts payable staff bottlenecks;
  • Human errors due to manual data entry;
  • Missing Invoices.

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