Accounts Payable see a lot of documents coming across their desk and email system. Keeping on top of all the invoices that need to be paid as well order and delivery documents. Hence the importance of keeping a well organised system to file these documents so that accounts reconciliation is much more efficient.
Managing all Accounts Payables related tasks can be overwhelming. A number of issues can come up such as poor data entry, misplaced invoices, slow and inconsistent invoice processing and at times, lost money.
Our innovative technology automates and better tracks accounts payable activities such as invoice scanning, data extraction and classification. It also provides recognition of data, validation, sorting and archiving to significantly speed up your accounts payable process.
Benefits of an Accounts Payable System
by helping you spend less time on administrative tasks
Intelligent Invoice Matching
Line-item and header details are automatically captured when scanned to make it simple to match.
strong validation rules to minimise human error
Improved Cash flow
Make the most of early payment discounts and avoid late payment penalties.
Identifies outstanding liabilities and reports on Accounts Payable performance.
On manual labour of data input
Our simple process is made up of 4 stages to help you save and improve efficiencies. These are seen below.