Accounts Payable Solutions
Invoice Processing and Accounts Payable Automation for Any ERP
Accounts payable organizations are under increasing pressure from management to lower costs, but manual invoice processing and paper-based AP documents create people-intensive and unproductive workflows. A poor ability to proactively manage cash and weak controls exacerbate the problem.
AP departments are using automation to dramatically increase their visibility and eliminate inefficiencies. Paper-based and manual processes, lack of insight into business activities or project status, and inflexible solutions make goals hard to accomplish. Intuitive AP automation solutions make it easier for employees, management, and executives to conquer their daily tasks quickly, easily, and efficiently.
As invoices arrive they are immediately captured and the relevant data extracted to begin the payment process. Invoices are routed according to defined business rules, quickly providing the validated data to ERPs or other financial systems. Our products can also manage associated tasks, such as creating e-forms for PO requests and managing vendor contracts.
Our accounts payable automation solution, paired with our invoice processing solution, integrates with enterprise resource planning (ERP) systems to provide automated invoice capture, process management, and analytics, delivering multiple levels of value to AP, from paper digitization to role-based invoice exception handling.
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Accounts Payable Automation Benefits
Trombot our robot discusses Accounts Payable Automation benefits:
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Optimize Your Company's Biggest Asset: CASH
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Strengthen Internal Controls
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Gain Complete and Clear Visibility
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Satisfy Customers
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Improve Quality
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Gain Operational Flexibility
Invoices & Approvals
Instead of managing and routing invoices physically or via email, automation simplifies processing invoices and payments. By automating time-consuming manual duties, AP staff spends less time chasing paperwork and confirming approvals, and more time on valuable tasks that further the cause of your organization — all while improving accuracy and efficiency.
Analytics and Integration
In today’s demanding, quick turnaround work environment, AP employees have a full to-do list. We can help them rest easy with our intuitive, all-encompassing automated solution that easily integrates with existing accounting systems, and includes a centralized dashboard to save time and provide strategic analytic insights to improve processes.
Compliance
As any AP professional knows, timely payment is only half the battle. We can help your organization conquer those everyday tasks, while ensuring that your data is consistent, compliant, and secure. That way, you’re prepared for anything the workday might bring, whether it be tracking down a vendor payment or preparing for an annual audit.
Automate Invoice Processing and Improve Visibility of Information
IP automation paired with AP automation can automate invoice receipt, classification, data extraction and the approval process. Digitized invoices—no matter what original format they arrived in—and other AP-related documents such as credit memos are instantly available for compliance and internal visibility.
Establish New Levels of Engagement and Collaboration with Suppliers
Process information from invoices and other AP documents faster, more productively, more accurately and with better visibility, and you’ll improve not just internal operations, but supplier relations. Information-rich AP process automation allows you assess invoice due dates for leveraging early payment discounts, manage operator workloads and improve invoice cycle times.
Realize Financial Agility with Flexible, Automated AP Operations
By radically transforming and simplifying the information-intensive and error-prone interactions that typify AP processes, you can increase the flexibility of financial operations from the digitization of invoices to full AP process automation and optimization.