Digital Transformation & Office Automation

Why Companies are automating their accounts payable process

Written by AMI Imaging | Jan 15, 2019 10:01:00 PM

Transform accounts payable processes with speed, visibility and control

With AP departments today facing increasing volumes of invoices, greater process complexity and ongoing pressures to accomplish more with less, automating AP operations increases efficiency, streamlines invoice processing and delivers a fast return on investment.

  • Eliminate paper and manual data entry
  • Optimize invoice cycle time and cost
  • Improve cash management

Automation software empowers AP departments to use electronic invoice capture and intelligent data capture, automated AP workflow, and seamless integration with core financial systems and enterprise resource planning (ERP) systems to automate and streamline invoice processing.

 

Accelerate accounts payable processes

  • Free accounting staff from paper and manual processes
  • Centralize the electronic capture of documents and invoice scanning and imaging
  • Speed the exception handling process and automate approvals to accelerate AP cycle times
  • Increase visibility into cash flow and AP performance

Visibility

  • AP documents and data in a single system
  • Integration with your ERP
  • Web and mobile access
  • Information is instantly accessible to AP staff and approvers
  • Complete status of AP processes

Improve financial controls and compliance

  • Facilitates secure electronic collaboration throughout the AP process,
  • Automates document retention
  • Maintains a full audit trail.
  • Integration to your ERP ensures consistent processes

Summary

Accounts Payable Automation reduces manual processes by capturing invoices electronically – whether fax, mail, email, EDI, etc. – and deliver them to the appropriate people for review, approval and coding.

By electronically managing the documents and information that drive accounts payable (AP) processes, you maximize the benefits of fast and accurate invoice processing. You also improve vendor relationships and have the ability to capture early payment discounts.