Accounts Payable
The daily procedures surrounding an accounts payable department can be time consuming and error prone. Our leading edge technology and experienced consulting create rapid, precise, automated invoice processing that will cut back on resource demands and allow your business to grow without incurring additional costs:
- Capture – Regardless of how you receive invoices (mail, email, fax, etc.) our software solutions will automatically scan, index, classify, and route them for approval instantly with little to no input from employees. With ERP integration, your accounting department will be able to access invoices and related documentation in seconds with reliable queries. All related business documents will be at your fingertips instead of in a file cabinet.
- Automate – Automatic routing of documents through the approval process will eliminate the need to manually shuffle paper documents from office to office. This will eliminate costs associated with lost documents and cut processing time to a fraction of what manual processes require. Lower processing times mean your business can capitalize on early payment discounts while cutting costs due to late payments.
- Extract – With automated indexing, the number of error opportunities present through the routing process will be reduced. In addition to increased precision, a reduction in the amount of time spent on each invoice will increase efficiency allowing your employees to focus on exceptions.
The Competitive Advantage: The benefits gained from automating your accounts payable department will be instantly seen in real hard ROI numbers. Not only can you automatically notify stakeholders during processing but you can also improve vendor relationships and recognize more early payment discounts.
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The Top 7 Factors in Justifying the Cost of AP Automation
* The Institute of Financial Operations (IFO) 2013 AP Automation Survey
Accounts Recievable
Our Accounts Receiving solution creates a centralized location where all of your AR documents and processes can reside.
- Extract information from orders and automatically update your accounting system to keep precise records.
- Use our software solutions to link created invoices directly to related documents (proof of delivery, emails, payment verification, etc.) through your ERP system to allow for rapid retrieval of all relevant documents. Our software will integrate with your ERP system to allow for rapid one click retrieval of any document related to an invoice.
- Automated capture and indexing will create rapid uploading and indexing of payment checks. The payment can then be automatically posted to your ERP system along with the electronic deposit.
The Competitive Advantage: By decreasing the time between invoice creation and payment receipt, your business will have the opportunity to increase revenue via rapid cash flow at lower costs.
Human Resources
Though Human Resources is not generally viewed as a revenue generating department, there are large benefits gained by companies with effective HR practices and large costs are associated if these practices are not accomplished efficiently.
- Reclaim staff time by managing content electronically
- Support compliance for policies and credentials
- Eliminate paper forms and create standardized, faster processes
The Competitive Advantage: With the click of button via electronic forms and mobile devices, you can kick off HR approval processes such as policy sign-offs and employee onboarding. Maximize your employees’ ability to focus on true HR tasks, including improving recruiting, training and development of your staff.
