According to The Institute of Financial Management, the AP process is the “strategic business partner” for cash management. Proper governance of cash flow can help a business better prepare for the future, take advantage of dynamic or early pay discounts and avoid late payment penalties, while maintaining a better business relationship with vendors, suppliers and ultimately – customers. By investing in AP Automation Software, you’ll increase efficiency, save time and improve cash flow by implementing a dynamic solution.
- Eight Reasons to get started
- Provide Easy Three Way Matching
- Real Time Approval Process
- Automatic Data Population into your AP System
- Advance Reporting Tools
- Early Pay Discounts
- Reduce Costs
- Decrease Errors
- Ensure Accuracy
What if you could reduce the time it took to process an invoice from 16.3 days to 4.1 days? Or cut your processing cost from $16.17 to $3.34 per invoice?
If your company processes 500 invoices a month, it can cost as much as $67,140 in paper, processing, labor and other costs. Imagine what you could do if you reduced that by even 30-50 percent.
How much does that Invoice Cost you? Learn how to start saving today!