AP Automation Minimizes Manual Workflow and Maximizes Productivity
In accounts payable (AP), the challenge is clear: how do you efficiently process a high volume of documents arriving from various sources in various formats? Manually capturing, organizing and entering information into your accounting system can be a burden on resources, have a high margin of error and, more importantly, cost you with late payment penalties. What if you not only processed more invoices with greater accuracy, but you also benefited from early payment discounts?
With an enterprise content management (ECM) system like OnBase, you can do it all: process invoices faster and more accurately, no matter how you receive them – whether by fax, mail, email, EDI, etc. – all while increasing transparency and reducing costs.
Why Automate Accounts Payable?
A smart accounts payable automation solution allows you to perform a wide range of efficiency-enhancing tasks automatically. Now you can:
- Automate workflow and expedite decision making
- Improve response time through automated reminders and escalations
- Turn late payments into early payments if you choose
- Integrate directly with your accounting system to reduce manual data entry
- Allow vendors to check status via self-service inquiries
Are you looking to improve efficiency, increase access and gain greater visibility into your accounts payable processes? Our experts are here to help you increase productivity and profitability with the right AP solution. What’s more, we can support you every step of the way, from strategic planning to implementation to ongoing support.