Accounts payable automation is the best way to streamline paperwork. When it comes to accounts payable, automations can save a lot of time when processing invoices and managing vendor payments. This post discusses how AP automation can help you improve your processes and increase efficiency in your business.
AP automation eliminates the need for manual data entry by automatically importing vendor statements and purchase orders. It not only saves you time but also helps to reduce errors in your records.
Using AP software can save you hours every week with automated tasks like batching invoices, eliminating duplicate payments and processing electronic checks from vendors. – You can often process more transactions per day using AP automation than if doing so manually due to the reduction of keystrokes needed on a keyboard or clicks necessary on a mouse!
Not sure what accounts payable system is right for your company? Our blog discusses ways that we’ve seen businesses benefit from different systems and how they might be able to help yours too. So contact us today, and we’ll help you find the best AP automation solution for your company.
AP Automation features
Electronic Invoice Batching – Duplicate Payment Elimination – Automated Processing of Checks from Vendors
Benefits: reduce errors in your records. Process more transactions per day than if doing so manually.
Accounts payable automations can help streamline paperwork and eliminate recurring data entry mistakes every week when processing invoices, payments, etcetera. There are various accounts payable software systems available but not all will meet your needs–our blog discusses ways we’ve seen businesses benefit from different solutions and how they might be able to help yours too.
Intelligent invoice scanning and touchless data capture:
An intelligent invoice scanning and touchless data capture system will streamline your accounts payable process by automatically capturing the information from a scanned invoice, including vendor name and address. This eliminates time-consuming manual entry errors that are common with AP processes. The scanning system can do this because it can read barcodes and characters in small fonts for thousands of vendors, which means you’ll be spending less time managing suppliers while increasing accuracy at a lower cost.
Integrated AP Automation:
The account payable automation feature we offer integrates all aspects of processing invoices into one easy to use workflow interface. It not only tracks what needs to happen next but executes each step seamlessly so that your employees spend more time on high-value work and less time on manual processes.
To achieve the intended goal of AP automation, organizations need to have a clear understanding of their financial data. This means keeping track of invoices and purchase orders in real-time so that they can be processed faster. As with any other type of business process optimization, companies need to work closely with an expert who has experience implementing this technology into existing systems. Our team at Core Data Services can help you create a comprehensive strategy for your accounts payable operations by automating them as much as possible while still maintaining control over key aspects through our expertise and knowledge in the field. We want to partner with you on providing improved visibility and control over important financial data- contact us today!