Reduced Headcount

No Late Payment Penalties 

Advanced OCR eliminates the need for manual keying. Manual input is only required for verification of the few invoices where there are discrepancies.

Automated accounts payable workflow typically reduces the invoice cycle time by 50 to 80%, which gives you ample time to work within payment terms.

Early Payment Discounts

Visibility and Control

With automated approval of most purchase order invoices and a smooth workflow for the rest, chances are that you can negotiate a number of favorable payment terms and price lists.

You have all invoice information at your fingertips: supplier data, amount to be paid, taxes, line-item details, workflow status, audit trail and invoice images.

Improved Cash Flow Management

Improved Bottom Line

With automated approval of most purchase order invoices and a smooth workflow for the rest, chances are that you can negotiate a number of favorable payment terms and price lists.

Reduced headcount, and early payment discounts in combination with the elimination of late payment penalties, double payment and fraudulent invoices make a substantial contribution to your bottom line.

Fewer Errors

Timely and Correct Financial Reports

Automated input eliminates errors. Automated determination of invoice amounts will highlight any clerical error on the part of the supplier. A check against the purchase order in your database will pinpoint any deviation.

You have immediate access to every kind of statistic you require, in charts, graphs and tables, such as discount reports, production volume report, and lead time report.

Reduce Fraud

SOX Compliance Support

Since every invoice is checked against AP data, no unknown supplier will have a chance to slip by. Invoice number control stops any invoice from being entered twice.

Invoice automation provides the complete audit trail which is fundamental for compliance with the Sarbanes- Oxley Act.