Accelerate accounts payable processes, reduce costs and operate more efficiently
from invoice receipt through payment
What Problems Can AP Workflow Automation Solve?
Processing invoices manually is a significantly inefficient process that can easily hurt relationships with your vendors and the customers your business relies upon. Using automation makes AP process and approval cycles significantly faster and more efficient. In the switch from manual processing AP departments see considerably less in errors and misplaced or lost invoices – and companies also saw substantial savings on the costs that come with late fees and the costly time it takes for employees to complete these tasks that could have been automated. Following are some of the other benefits of AP automation:
“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.”
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.”
Staff Accountant, AIDS Outreach Center
Process Invoices in
Automating accounts payable processes can have a big impact to your bottom line. It can takes up to 45 days from invoice receipt to payment; and since most accounts payable steps are handled outside of the accounting system AP automation brings exceptional value. Invoices can go through to approval in less than 3 days and without requiring manual interaction.
Processing invoices manually can result in errors that can impact your company financially and damage important vendor relationships. Automation replaces manual invoice processing; reducing late fees and processing errors with up to 99% data accuracy. Companies can process invoices 70-80% faster and they’re able to take advantage of every early payment discount.
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