You’ve heard the term “accounts payable automation” but maybe told yourself it must be complex or only for larger organizations. The reality is the opposite. Accounts payable (AP) automation—also known as automated invoice processing—is cost-effective and simple for any size business, offering benefits that include significant savings of time and money, take a moment to learn how we make AP automation easy.
Did you know as much of 70% of invoice processing costs are related to manual data entry and document handling, according to Institute of Finance Management research? AP automation puts an end to those costs. No changes are required of your suppliers. Our technology recognizes, extracts and securely processes data from both paper and electronic invoices no matter the page layout or file type.
We want to demonstrate you how easy life could be when implementing the right solution for your AP department.
Here’s how most manual accounts payable processes work:
Compare that to the ease, efficiency and security of an automated accounts payable system. These are the five basic steps of AP automation:
”We have been able to increase the visibility of what is going on in the AP department. The AP processing services have helped automate workflow and provide company-wide consistency and control.” - Tyler R. Nelson, Cash Manager and AP Supervisor, Prestige Care Inc.
This diagram should help you visualize how invoice processing can be automated, and it will give you a basic template to customize to your own unique situation.
As you consider your company’s AP automation needs, we invite you to contact us to learn how to get up and running right away or to learn more about the benefits of the PaperVision suite of content management services.
Want to see accounts payable automation in action? Contact us to set up a free online demonstration. Our sales team will work with you to meet your unique needs. For more than 25 years, we’ve helped organizations of all sizes with digitization, workflow automation and other information management needs.