Accounts payable automation digitalises the inbound invoicing process to take away time-consuming manual tasks, minimise errors and increase control over company spend. Manual invoice processing takes a lot of time, causes errors and can mess up your whole accounts payable process.
Once the data has been captured, invoices are either matched to purchase orders and goods receipts or they are routed to the relevant team or individual for review and approval. Once approved, they are sent to the ERP or accounting system for payment using our Automated Bots.
Ensure complete and accurate data enters your system.
AP Automation software makes the invoice processing and approval faster and more efficient. By eliminating many of the manual stages of invoice processing, automation significantly reduces the number of human touches per invoice and as a result minimises the amount of time staff spend on this aspect of their role.
Automation streamlines the invoicing and payment process, reducing approval times and increasing productivity. AP automation solutions can also be integrated with existing financial systems, making the process even more efficient while ensuring the seamless flow of information between systems.
Automation increases accuracy by eliminating the risk of human error and helps reduce payment errors, such as duplicate or fraudulent payments. By automatically validating invoice data against ERP information early in the process, erroneous payments can be flagged before they are made.
AP automation can significantly cut the cost of processing invoices, saving the business money as well as time and resources. Automation helps reduce labor costs by reducing the amount of data entry involved in the process, as well as eliminating the costs involved in document storage, postage, invoice production, etc.