Account Payable Automation
Overview:- Online Automated system reduces the pain of manual maintenance of invoices from multiple vendors as well as for which The accounts payable (AP) department either must add staff, which increases costs, or face processing delays and decreased vendor satisfaction.
In many cases, a great deal of time and effort is devoted to manually entering data into the system or, in the case of an organization with multiple locations, routing invoices to a central processing center. These manual processes are reduced and protect the lost or misrouted documents, creating additional delays and the need to request duplicate invoices
Details:-AP Automation is a solution that manages documents that drive AP processes and maximize the benefits of fast, efficient and precise document processing. Regardless of how documents are received (fax, email, post, EDI etc), our solution captures, organizes and delivers them, along with supporting content, to the appropriate individuals for review, approval and automated processing. Our Solution’s real-time dashboard also provides managers with increased visibility into the status of invoice processing, enabling them to identify bottlenecks and slow down processes and adjust workload distribution of the fly.
Benefits:- Risk of the document loss is covered. All the invoices are centralized. Costs associated with manual document routing, shipping, couriers, storage, archiving and auditing is reduced. Automated work reduces the time and leads to fast working