Faster invoice processing through automated sorting and information collection
Overcoming the tedious and manual processes in accounts payable
To thrive in today’s fast-paced digital world, traditional internal processes such as accounts payable (AP) are prime for modernisation. That’s because the AP process is usually rife with manual touchpoints and paper documents, which translates to high costs, low visibility and long processing times. These get in the way of business growth and even vendor relationships, especially when the finance department cannot respond to supplier inquiries in time.
Slow invoicing processing times from manual re-routing and processing
Reduced accuracy from manual data entry
High costs per invoice due to processing errors
Lack of visibility within traditional AP processes on cash out
Difficult data retrieval with invoices being stored and retrieved manually
Get faster and accurate invoice processing with Accounts Payable Automation
Automate and optimise AP processes with AI-driven data capture, touchless processing and electronic workflow capabilities. These enable enhanced productivity and eliminate errors that occur during AP processing, such as late and duplicated payments. You can also reduce purchase-to-pay process costs with less time spent on manual processing. The end result is a much simpler and more efficient way of managing your business’s cash flow.
Reduced process errors by eliminating potential duplicate invoices
Minimise cost by reducing use of paper, transportation and physical archiving expenses
Get better visibility of cash out reporting with measurable performance indicators
Electronically stored information and archives for audit trails
Resources
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