Accounts Payable Flow

Account Payable Flow
There’s a better way to do this in the 21st century

A digitalized accounts payable flow helps establish total control from invoice matching through invoice approval to transfer into the accounting system. Invoices are digitalized and automatically processed upon being received. Only exceptions and special cases need manual processing, while about 80% of bills can be automatically processed. Automated processing not only reduces internal costs by over 50%, but it ensures that internal rules and procedures are always precisely followed. 

  • Work smarter, not harder: 
    It increases productivity and efficiency. Saves time and frees up human brainpower.
  • Get highest accuracy: 
    Humans make mistakes. The more you automate the less mistakes occur.
  • Total control of the workflow: 
    You have increased visibility, oversight, and accountability.
  • Reduces costs: 
    It helps you avoid late payment fees.
  • Instant access, anytime, anyplace: 
    All your invoice information is at your fingertips
  • Improve bottom line: 
    You’re easily eligible for early payment discounts.
    It makes it easier to forecast your cashflow.

FACTS:

  • Only 3% of all invoices will need manual input
  • Cost Savings at least 50% per invoice
  • According to Forrester Research, Accounts Payable cost at least 12 USD internally

"Your employees have the chance to get back to their core business instead of doing redundant work. This gives you a huge potential for cost savings and improved productivity."

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