Are you looking to speed up your Accounts Payable processes while reducing costs and complexity? Would you like to drastically reduce the number of invoices that are approved manually? Do you want to make it easier for your accounts payable team to resolve discrepancies? You can achieve this and more by fully integrating all steps of the Accounts Payable (AP) process, making it more efficient and cost-effective.
Why Accounts Payable is so important
The best Accounts Payable process for you
Your organisation processes large numbers of procurement invoices every year. Handling each invoice manually is a labour-intensive and error-prone process, which may lead to unnecessary delays, overdue fines and missed discounts. By tackling all steps of the AP process in conjunction with each other, you will have better insight and control over your invoices, and it will be easy to draw up reliable financial reports. In addition, an integral audit trail will enable you to accurately report financial data in compliance with the latest laws and regulations.
Chances are that you’re missing opportunities that could drastically improve your organisation’s invoice processing in the short term. That’s why it’s important to understand where there are bottlenecks causing delays, and what could be possible solutions. For example, you could consider setting up a ‘shared service’ approach, centralising invoice processing. If you implement and firmly establish a standard procedure, everyone within your organisation will know exactly how invoices (with and without PO) should be processed, both digitally and manually. In this way, you’ll make an important next step towards a more efficient process, realising organisation-wide transparency with regard to your expenses and commitments down to the finest detail.
You need expertise,
we have the experts
Whether you’re already well on your way or have only just started your digital transformation journey, we can fully support you at every stage, regardless of the technology you’re currently using. We design, implement and digitalise your Accounts Payable process, making sure that it works, and we’ll stay involved to make sure it keeps working.
Knowing the field like the back of our hand, we can tell you which technologies are on the market and which solution would best suit your needs.
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