Fully Automate your Accounts Payable (AP)

With AP Automation, Organizations can gain visibility into accounting and finance operations to make better, more informed decisions. Our solutions automate the entire accounts payable (AP) process to reduce risk and improve quality through consistent business rules and standardized workflow processes for PO and non-PO based invoices.?

• Automating difficult data entry, validation, and invoice processing allows you to pay vendors faster and with fewer errors.??
• Increase transparency and visibility into your invoice processing operations to monitor user performance, uncover faults and bottlenecks, and identify areas for development.??
• Increase efficiency to avoid charges for late payments and qualify for early payment discounts.?

Key Functions of AP Automation:??

• Capture physical and digital invoices into the ERP, ECM, or Intelligent Data Capture solution.??
• Intelligent Data Capture extracts invoice headers and detail data from invoice photos.??
• Validate invoice data with vendor and PO tables, ERP data, or another accounting system.??
• Export the invoice image and validated invoice data to ECM or ERP for approval.??
• Assign and route bills to approvers based on the approver matrix, including automatic notifications.?

Future Proof Your Accounts Payable Function with Automation?

• Increase efficiency.?

Reduce the amount of effort required to improve invoicing and cash management while also speeding up financial closure and audit procedures.?

• Scale for Growth?

Reduce manual labor, expedite invoice processing, and increase financial management and visibility.?

• Become supplier friendly.?

Deliver accurate and timely supplier payments, resolve disputes quickly, and build supplier relations on a consistent basis.?

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Benefits Overview:?

• Efficient and Standardized Processes?
• Full Audit?

• Complete with 2/3-way match?
• Increased Accuracy?
• Eliminate invoice data entry.?
• Effective Workflow?

AP Automation Technology Stack?

• Enterprise Resource Planning (ERP) is the key system for managing enterprise resources and data, such as vendor data, purchase orders, and approver matrices.?
• Advanced Data Capture uses Optical Character Recognition (OCR) technology to intelligently "read" invoice images, identifying and extracting keywords and values such as the invoice number, invoice date, and vendor name.?
• Enterprise Content Management (ECM) is a document imaging system that usually comprises capture, indexing, digital workflows, document access, system integration, and archive.?

CAPABILITIES: World-Class Accounts Payable Automation?

• Multiple-Channel Invoice Capture?

Accept data from your vendors via a variety of methods, including XML, scanned, paper-based, and PDF formats.?

• Purpose-built AI?

AI simulates how a typical processor thinks and solves problems, such as analyzing an invoice layout and deciding where the correct information is, regardless of format.?

• Electronic invoicing? ? Keep up with rising global mandates to use electronic invoicing.?

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Free Accounts Payable Automation Consultancy?

Curious about the hidden cost of invoice processing? Let RPI Consultants shed light on it for you! For a limited time, we'll uncover your actual invoice processing cost per invoice and show you how much you could save in the first year with our modern Accounts Payable Automation solution. Don't miss out - this offer won't last forever!?

Contact us on: [email protected]