Full transparency and greater productivity to your invoice processing.
Like many Account Payable teams, you may face challenges such as manual invoice processing, which leads to delays and errors. Slow reconciliation of documents with POs and receipts can create stock discrepancies, while limited management visibility due to manual work hinders reporting and control.
Manually sorting through countless emails to find and match invoices slows everything down, leading to late payments and more importantly time wasted. Automating invoice capture and processing can cut manual workload by up to 95% while significantly reducing errors.
By reducing reliance on manual document processing and streamlining your process, you can boost efficiency and improve accuracy.
Benefits of automating your Accounts Payable processes
Increase productivity
Accounts Payable Automation reduces invoice processing time by up to 80% and lowers costs per invoice
Better data
Reliable real-time data enables easy month-end closing and valid reporting, easy access to invoices anytime and anywhere
Reduced costs
Optimise personnel costs helping to manage the shortage of skilled workers as well as rising invoice volumes
Gain better control
Thanks to secure archiving and complete process documentation, legal and tax requirements can be easily met. We’ll even set up automated retention periods, so you don’t need to worry.
Through comprehensive dashboards and reporting you can track key metrics such as days-to-pay and have complete visibility across the Accounts Payable department.
Payment targets can be easily kept in view. Duplicate or incorrect payments are automatically eliminated. It will also provide seamless integration with existing ERP and finance systems.
How digital workflows freed up time, space and budget for better customer service
Previously, Sovereign Network Group used temporary workers to input invoice data into their finance system, regularly overloading the server, which couldn’t cope with more than a handful of pages. Our Accounts Payable processing system recognises and matches data such as PO numbers automatically, and assigns the invoice to the correct part of the finance team. We created faster, more efficient workflows so they can process 14,000 invoices per month
7 easy steps to maximise efficiency with invoice processing
We’ll help you all the way
With over 30 years’ experience in managing data, we will help you to identify and implement best practice to streamline and automate your accounts payable and receivable processes. Giving you the tools for a smoother and speedier month-end close.
What our automated Accounts Payable processing can do for you
- Stay compliant with automated tax code handling and tax calculations
- Get full visibility of invoice status and spend across your entire organisation
- Implementation with a number of weeks
- Easily integrate your procure-to-pay solution with your ERPs
- Automatic data capture and matching
- Become a paperless department and reclaim space
- Reduce costs through avoiding temporary staff
Get in touch
Take a look to see how we’ve helped others
Streamline your Accounts Payable process with automation
Cut errors, speed up approvals, and strengthen supplier relationships. All while staying compliant and in control.
Start automation today