Deliver accurate data with Accounts Payable Automation
Extract your data electronically and digitize your invoices and receipts for easy access to every document with automated accounts payable
Replace manual processes with
an automated workflow
Many companies are still entering data manually into a spreadsheet, classifying one invoice at a time, recording each payment individually and following up with payees to ensure that it’s been received. Manual processes like these exhausts the business’ time, money and resources. This doesn’t only cause problems with customer service but it also makes information unusable for reporting or finding business trends.
Our Accounts Payable Automation solution saves your accounting department money and time while drastically reducing errors and eliminating the labour required for administrative tasks. Gain access to automated bookkeeping, accounting and finance activities with an online access to your operational and financial reporting.
Save time and cut cost with automated invoice processing
Our experience shows that accounting professionals spend 60% of their time on manual data entry and validation of supplier invoices. When it comes to cost, companies spend between $15 to $20 to process a single supplier invoice. In comparison, an automated invoice costs an average of $2 to process.
A well automated process yields 50%-75% of cost savings and a processing time reduction from months to days. These savings are generally leveraged for new contract negotiations and payments discounts, bringing more cash flow to the bottom-line as a result.
Key benefits for your business
✔Eliminate printing and paper transfers
✔Reduce bills' processing cost
✔Improve traceability and accounting visibility
✔Receive a monthly report tailored to your needs
✔Better control of your payment terms
✔Avoid late payments penalties
✔Accelerate and facilitate your invoices’ validations
✔Improved supplier relations