Accounts Payable
Workflow Automation
Enhance your accounts payable processes, reduce costs, and operate more efficiently from invoice receipt through payment with ACOM Systems’ Accounts Payable Workflow Automation. Our automated solutions streamline AP tasks, reduce manual effort, and ensure accuracy, allowing your business to focus on high-value activities.
What Problems Can Accounts Payable Workflow Automation Solve?
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Manual invoice processing is time-consuming, prone to errors, and can damage relationships with vendors and customers. Accounts Payable Workflow Automation makes the entire process faster, more accurate, and significantly more efficient. By switching to automation, AP departments experience fewer errors, eliminate misplaced invoices, and drastically cut down on the time spent on data entry. Additionally, businesses enjoy significant cost savings by reducing late fees and the costly time employees spend on tasks that can easily be automated.
“EZContentManager (EZCM) eliminates the need to print our documents and save in file drawers for years to come. Not to mention, eliminating costly time to look things up in stored banker’s boxes, frees up storage space, etc.”
Nikki Russell
Accounts Payable Supervisor, Orr Protection Systems
“It is now easier than ever to follow up on delinquent invoice approvals without any concern for lost documents. ACOM’s system is highly customizable, and the responsiveness of their team allowed us to implement with confidence.”
Ryan Hamilton
Staff Accountant, AIDS Outreach Center
Key Benefits of Accounts Payable Workflow Automation
Reduce Labor Costs
Processing invoices manually takes up a huge portion of AP department resources, with over 60% of costs related to labor. Accounts Payable Workflow Automation reduces the need for manual data entry and approval processing, providing 70-80% time savings for your AP staff.
Faster Invoice Processing
Manual processing can delay payments by up to 45 days from receipt to payment. Accounts Payable Workflow Automation dramatically reduces this timeline, processing invoices in as little as 3 days with no manual interaction required. Speeding up approval cycles improves your bottom line and enhances vendor relationships.
Eliminate Costly Manual Errors
Manual errors in invoice processing can lead to financial losses, damaged vendor relationships, and missed early-payment discounts. AP automation can increase data accuracy by up to 99%, ensuring that your business runs smoothly and error-free. Automating your processes also allows you to process invoices 70-80% faster.
Lower Invoice
Processing Costs
Automating AP tasks can reduce overall invoice processing costs by 33%. Paper-based checks account for 65-75% of B2B payments, with paper and postage costs at $1.55 per check. By adopting AP automation, companies can reduce check use to 15-25% and significantly lower processing costs. According to the Institute of Finance & Management, businesses not using automation spend an average of $8.78 per invoice, further proving the value of automated workflows.
See the Benefits of AP Workflow Automation – Schedule Your Demo
Ready to streamline your accounts payable operations?
Request a personalized demo of our Accounts Payable Workflow Automation solution today.
Fill out the form below, and one of our experts will contact you to schedule a time that works for your team.