There is no doubt that the current situation is putting extra demand on everyone across the board. It seems right now everyone is affected one way or another by the pandemic either both at home and on the job.

With onset of a remote workforce it is becoming more of a challenge than ever before for accounts payable departments to get invoices out for proper review and approval and still meet the terms of suppliers. Many suppliers understand that we are in difficult times and are willing to work with their customers to help, however the AP Staff are still struggling with getting invoice approved. 

By utilizing an online accounts payable processing system like Vision360 Enterprise organizations are able to manage the payables process much more efficiently than if they had to shuffle paper invoices around. 

There are a few reasons to consider an online accounts payable processing solution:

• AP Teams can work remotely and manage the payables process
• Approvers can approve invoices from anywhere in the world
• Reporting for monthly closes are streamlined with advanced reporting
• Suppliers are happy because they're being paid more timely
• Non-essential tasks caused by all the back and forth are eliminated 
• Online dashboards, KPI's and analytics provide finance teams the information they need top make sound business decisions
  
  

Read our white papers:

• Accounts Payable Automation has Something for Everyone
• The Ultimate Guide to AP Automation
• 100 Reasons Why You Need AP Automation
• AP Benchmarking: How Does Your Payables Process Compare?

Consider attending one of our informational webinars to learn more about ways to make your payables process more efficient to save time, energy and money. 
​

The global pandemic of the Coronavirus (COVID-19) has turned the entire world on its head, some non-essential businesses have been forced to close, others are seeing a downturn in customers, employees are getting ill and your AP Staff are not immune to anything and probably feeling the pressure of all of this. 

Businesses are quickly being forced to re-evaluate how they operate and conduct daily business. The day-to-day routines that we have all been accustomed to for so long have been disrupted by the Coronavirus (COVID-19).

The company you work for may be switching gears at this very moment and having to react to the current situation. At every level of the organization people may be rethinking policies, having to adjust business processes and work schedules as they try to figure out the best course of action. 

So how will your Accounts Payable Team  manage their operations when there is so much uncertainty right now? We've outlined 4 key areas for AP Staff to focus on to help keep the accounts payable process flowing, your suppliers happy and goods/services coming in.

1. A/P Staff conditions
​To continually meet the needs of both internal and external customers, you first need to ensure your A/P Staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from home to do just that.

Many A/P departments use telecommuting as a perk for their staff, so you may already have clear remote work requirements outlined. If your team’s less familiar with working from home, make sure your A/P lead communicates how it works and what’s expected.

Remote AP Processing systems and solutions can help to provide AP departments with direct access to electronic invoices while providing remote users the ability to review and approve invoices from any device anywhere in the world. 

For example, do staffers have all the necessary access, connectivity (Internet) and equipment (scanner, printer) they need? Must they stick to normal business hours? Should they use specific digital tools/platforms to communicate with your team? What technologies are they permitted to use? Which brings us to …

2. Fraud concerns
​Working at home spurs more fraud threats. As mentioned recently, remote work is one of the top cybersecurity threats in 2020, since homes and public places aren’t as secure as corporate networks.

Scammers know that lots of people are working from home right now and are already devising scams to obtain private data and money. In fact, they’re using the coronavirus specifically as an email hook to get people to click (e.g., links promising updates and stats). So, remind your A/P staff to stay especially alert on the tech front.

A benefit of utilizing an online AP processing system is that there are checks, balances and controls that will identify potential fraudulent invoices from making their way into your payable process

3. Vendor management
​Looking at business more broadly, it’s clear that the coronavirus pandemic is having a huge impact on companies’ productivity, revenue and supply chain. Most are trying to maintain operations while protecting employees and customers.
​
That’s why it’s critical to make sure A/P Staff knows how your vendors are faring, if their normal ops are changing and how the payables process might be affected or interrupted. Also, make sure you’ve discussed your current strategy for paying vendors, since you may want A/P Staff to focus more on payment timing to be strategic with cash flow.

An accounts payable processing system can assist in these areas by providing A/P Staff the visibility and control they need in order to keep the payable process moving and your vendors up-to-date regarding the progress and status of their invoices. 

4. Employee communications 
Along with staffers and vendors, there are other employees in Finance and Purchasing who A/P may have to make a little extra effort to stay in the loop with right now. You could suggest scheduling routine conference calls to get status updates and discuss potential problems.
​
And AP processing aside, you’ll also want to keep communications open overall to ensure that cash flow is in sync with your ever changing business needs. 

This information is intended to provide basic helpful information and in no way intended to provide, diagnosis, represent any type of diagnosis or healthcare solutions to the Coronavirus (COVID-19) global pandemic. 

For more information regarding our remote accounts payable processing solutions and services, please contact us directly. Our remote AP processing services and solutions are trusted by iconic brands like Welch’s and Yankee Candle and across all types of industries from manufacturing and retail to healthcare and high-tech.  Pease visit our website at www.Vision360Enterprise.com or contact us directly 603-437-1400.​

Portions of this article credited to the CFO Daily News. 

If you're still manually processing supplier invoices here's how they could flow through your payables process if you were using AP automation.

1. Your suppliers send their invoices directly to your online AP invoice automation system.
   
   
2. Invoices that need to be reviewed and approved are automatically sent to the correct person the first time, without you having to do anything.
   
   
3. Approvers are automatically notified and reminded about invoices needing approval, without you having to chase down the invoice or bug someone to get an invoice approved.
   
   
4. Invoices that have purchase orders are systematically matched against your PO's and receipts for 2 or 3-ways matching. Things like variances, tolerances, taxes and freights are processed based on your business rules.
   
   
5. Duplicate invoices and invoices from unapproved vendors are stopped and automatically sent to an exception queue for review.
   
   
6. Invoices that are approved, coded, matched and authorized for payment are sent to your ERP system without anyone entering a single keystroke. 
   
   
7. Your top suppliers are notified automatically about the status of their invoices without having to pick up the phone and calling your AP staff.
   
   
8. The entire AP process is managed, secured and controlled right from your AP Dashboard which is sitting right in front of you on your computer screen.
   
   
9. You can see and touch every single invoice regardless of where it is and who has it - because now you're in control of your payables process. 
   
   
10. All of this, plus, the reports, statistics, KPI's and analytics you can imagine instantly available  so that  you always know exactly how efficient your AP department is operating.

Read more about the steps to making this happen, "Steps to AP Automation" or read our latest blog post, "AP Automation has something for everyone!" 

If you would like to see Accounts Payable Automation live and in action let us know and we'll schedule a day and time that is convenient for you and your team.

Today's CFO faces never ending pressures to grow revenues, ensure financial controls and reduce operational costs across the enterprise. This is no easy task for any CFO, who has to deal with things like economic uncertainty, increased regulatory requirements and increased scrutiny from investors. 

CFO's have a few diverse and challenging roles, Steward, Operator, Strategist and Catalyst. The traditional role require CFO's to preserve the assets of the organization by minimizing risk and getting the books right and running a tight finance operation that is efficient and effective. 

It's increasingly important for CFO's to be strategists, helping to shape the overall strategy and direction, instilling a financial approach and mindset throughout the organization to help all parts of the business to perform at a high level.

As Strategist, CFO's help influence the future direction of the company by taking a seat at the strategy planning table. CFO's are vital in providing financial leadership and aligning business needs and financial strategies to grow the business.

As Catalyst, CFO's can drive the execution of change within an organization. CFO's are in a position that allows them to drive business improvement initiatives such as enterprise process improvements, cost reductions, and innovations that add value to the business and affect the bottomline.

As Operator, CFO's have to operate an effective and efficient finance team that provide many different financial functions to the organization such as treasury, tax, sales, planning, analysis, accounts receivable and accounts payable. 

As Steward, CFO's work to protect the vital assets of the company, ensure compliance with financial regulations, close the books accurately and communicate value and risks to investors and boards.

With all of the challenges faced by today's CFO how can Accounts Payable Automation help? By leveraging current AP Automation technologies, finance departments operate at a much higher efficiency level, with lower overall operational costs than those finance teams relying on manual processes. 

The CFO can now be assured that financial rules, policies and procedures are being enforced by the AP Automation technology. This ensures that proper protections are in place, segregation of duties are enforced and compliance requirements are met. 

Since today's AP Automation solutions provide an extremely high-level of efficiency gains, finance departments are no longer burdened by time-consuming, error-prone, manual tasks and can now focus on financial tasks that will help CFO's to manage cash flow, monitor liabilities and make more effective business decision regarding the future growth and bottomline of the company. 

Vision360 Enterprise, by BlueCreek Software is one of the fastest growing AP Automation solution providers on the market. Our services and solutions are trusted by iconic brands like Welch’s and Yankee Candle and across all types of industries from manufacturing and retail to healthcare and high-tech. For more information about Vision360 Enterprise or any of our services and solutions please visit our website at www.Vision360Enterprise.com or contact us directly 603-437-1400.

We are living in an age where streamlining manual processes and running lean has become the standard. If you look around your company you can probably see where process improvements have already taken place. 

Streamlining the AP Process is really no different than any other improvement project that your company has undergone in other departments. If you look at your current payables process, you probably have some things going on that are not very efficient, maybe not the best business practice and most likely putting finance at some level of risk and may be costly to the company.

Check out one of our informational webinars >> AP Automation Webinars

No matter what finance role you're in, AP Automation can help you. 

• CFO's & Finance Executives: By leveraging AP Automation finance execs are able to reduce costs while taking advantage of freed up resources that can affect the bottomline and assist in strategic and corporate growth.
• Corporate Controllers: Can gain better visibility and control, while leveraging KPI's and analytics via real-time AP Dashboards to measure performance and monitor cash flow.
• Accounts Payable Teams: Will now be able to eliminate paper invoices and manual back and forth. The AP department will now have "ultimate control" over the processing of supplier invoices. The AP process is streamlined by electronically routing, coding, matching supplier invoices through your pre-defined set of accounting rules. Because we connect payables with your ERP there is no more manual data entry. All invoices in one system with real-time visibility and control.
• CIO/CTO & Technical Staff: No licensing to buy, no software to manage no technology to worry about. 
• Accountants & Research Staff: Instant access to view and research supplier invoices from any computer by authorized staff. 

This really just scratches the surface of the benefits. AP Automation eliminates the bottlenecks and error-prone process that are consuming your staff's time and costing your company money. When we ask questions, the answers we usually get are, "We've always done it this way". 

Check out one of our informational webinars >> AP Automation Webinars

What is your role at your company and how might AP Automation affect what you do every day? Leave your comments and thoughts below. 

Getting started with Vision360 AP Automation may be easier than you think. Of course any project starts with a discussion about your current payables process, where the bottlenecks are, any slow downs and what is costing your AP Staff in time, energy and money. 

Do I need to purchase anything for Vision360 AP Automation?

• No, never. There is nothing to purchase
• No hardware or software to buy
• No annual software maintenance
• All training and support is included at no extra cost

Wondering is this might work with your ERP system. Learn more here: https://www.bluecreeksoftware.com/accounting-systems.html

An AP Automation project generally has these milestones: 

•     Step 1: Discovery & Process Discussion
•     Step 2: Configuration & Testing
•     Step 3: Go Live, Training & Support

Read more about how the AP Automation process works and the steps to payables freedom: https://www.bluecreeksoftware.com/accounts-payable-automation.html

​If you're payables process relies on paper invoices, uses emails as approvals, purchase order invoices are manually matched and your AP Staff is hand keying data into your financial system - then it wouldn't hurt to give this some thought. 

Join one of our informational webinars to learn more about how this all works: https://www.bluecreeksoftware.com/webinars.html ​

Corporate finance teams, specifically Accounts Payable, spend on average 80% of their time manually gathering, processing, searching, verifying, consolidating, entering and reporting on data. This leaves only about 20% of their time to analyze data for better business decisions. 

Using Robotic Process Automation (RPA), finance teams can leverage its automation to process and complete routine tasks the same way a human would. This allows companies to accelerate business processes such as processing supplier invoices for payment. RPA can significantly reduce processing times and costs while giving finance staff more data and more time to focus important tasks. 

RPA in Accounts Payable can assist in streamlining the processing of supplier invoices a number of ways:

1. Electronically receive incoming invoices to eliminate paper and manual handling
2. Intelligently identify, extract and validate data from incoming supplier invoices
3. Systematically organize and classify supplier invoices for processing
4. Automatically match invoices against purchase orders and receipts
5. Automatically apply tolerance rules and apply variances on purchase order invoices
6. Automatically route Non-PO invoices to the correct approver
7. Automatically apply the correct GL coding to a supplier invoice
8. Automatically apply very specific business rules to any supplier invoice
9. Prevent incorrect, fraudulent or bad invoices or data from being processing
10. Flag and stop supplier invoices that are incorrect or contain bad data
11. Automatically escalate and notify responsible parties about any exceptions
12. Electronically feed invoice data to your financial system without the need for manual data entry

With RPA from Vision360 Enterprise, businesses now have the ability to manage AP processes from a centralized dashboard with minimal staff involvement. RPA provides the ability to identify potential risks, process bottlenecks and resolve problems without the need to consume a lot of resources. 

By optimizing Accounts Payable by utilizing RPA automation you can reduce risk, improve efficiencies at levels that were previously not achievable, eliminating manual tasks and streamlining processes, while significantly reducing and controlling costs.

To learn more about RPA and our Vision360 Enterprise Accounts Payable Automation solution please contact us today, Contact Sales or call 603-437-1400.

1. Your suppliers send their invoices directly to your online AP invoice automation system.
2. Invoices that need to be reviewed and approved are automatically sent to the correct person the first time without you having to do anything.
3. Approvers are automatically reminded about invoices needing approval without you having to chase down the invoice or bug someone to get an invoice approved.
4. Invoices that have purchase orders are systematically matched against your PO's and receipts for
   2 or 3-ways matching.  
5. Duplicate invoices and invoices from unapproved vendors are stopped and automatically sent to an exception queue for review.
6. Invoices that are approved, coded, matched and authorized for payment are sent to your ERP system without anyone entering a single keystroke. 
7. Your top suppliers are notified automatically about the status of their invoices without having to pick up the phone and call your AP staff
8. The entire AP process is managed, secured and controlled right from your AP Dashboard which is sitting right in front of you on your computer screen.
9. You can see and touch every single invoice regardless of where it is and who has it - because now you're in control of your payables process. 
10. All the reports, statistics,  KPI's and analytics you can imagine instantly available  so that  you always know exactly how efficient your AP department is operating.

About: Vision360 Enterprise powered by BlueCreek Software, empowers AP departments with an easy-to-use, easy-to-deploy AP Automation Solution that connects the accounts payable process with any ERP system. Vision360 Enterprise eliminates the non-essential, manual tasks that burden AP departments and cost companies time and wasted money. Our clients trust Vision360 Enterprise to eliminate manual invoice processing, eliminate manual invoice entry and realize a 60 80% savings over traditional paper based AP processing.

With Vision360 Enterprise Robotics Process Automation (RPA) companies can completely eliminate the process of manual data entry of supplier invoices. 

Any company that uses labor process and enter Accounts Payable invoices or where people are performing high-volume, highly transactional process functions, Vision360 Enterprise will boost their capabilities and save money and time with robotic process automation.

More and more companies are turning to RPA in order to automate mundane tasks like manual data entry and enabling staff to perform higher-value tasks in alignment with their expertise and training.

Vision360 Enterprise RPA automation will capture, interpret and validate supplier invoice data for invoice processing that can be utilized in communicating with the ERP system as well as for invoice approvals, purchase order matching, auto-GL-coding and posting. Vision360 Enterprise RPA can complete specific tasks automatically that were once performed by human intervention.

​To learn more about this and more please visit our website at www.vision360enterprise.com 

No-Cost Webinar: Learn How To OPTIMIZE Your Payables Process

If you're interested in ways to OPTIMIZE your accounts payable process then this is a webinar you don't want to miss. 

Learn how to:
- Completely eliminate paper invoices forever
- Simplify invoice approvals for everyone
- Monitor your AP process from dashboards
- Automatically match PO invoices
- Correctly apply GL codes to invoices
- Completely eliminate manual data entry once and for all
- Reduce AP process costs, increase efficiencies & save money

When: Thursday  June 7th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

Attendees will receive free AP Optimization ideas and information just for showing up.

This is webinar is perfect for anyone responsible for the processing of supplier invoices including CFO's, IT Directors, VP's of Finance, Corporate Controllers, Accounting and Accounts Payable Manager or anyone just looking for ways to OPTIMIZE payables! 

Getting your manual accounts payable process automated has never been easier. In 3 easy steps you can go from drowning in manual processes, paper and high labor costs to lean, efficient and optimized AP invoice processing.

Step 1: Let's talk.
(estimated time: 30 minutes to an hour or two)

Let's spend a few minutes discussing your current AP challenges, your goals and objectives. Once we understand your current situation and what you want to achieve AND ONLY THEN we will match you with a solutions that will meet your needs.

Within a few hours of our initial discussion you will receive our written proposal in hand. 

Step 2: Discovery.
(estimated time: 8 hours to 16 or 24 hours)

Our experienced team of business analysts will take a close look at your business needs, business processes, approval rules, PO matching and integration requirements. This will allow us to tailor an implementation that does not interfere with you running your day-to-day business needs. 

Step 3: Implementation.
(estimated time: 30 days to 60 days)

Our professional services team will be assigned to you and ensure the smooth and successful roll-out of your new Accounts Payable Automation system. This will include testing and training with you and your entire team. 

After the roll-out things don't stop there. Our team will be in costant contact with you to ensure your AP Automation system continues to operate as smooth as silk and will be there with you every step of the way.

Start your AP Automation journey today! Tell us a little bit about your AP process >>

If you've been utilizing an AP Automation system for 3 years or more chances are  your system has not kept pace with the needs of your AP department. Your AP Automation system probably has not kept up with the latest technologies in speed and performance, or business process efficiencies gains and compliance requirements. 

Many AP departments using older AP Automation system admit that there are limitations to these systems and that there is still a fair amount of manual steps and intervention required b y AP Staff to accurately process supplier invoices.

Not to mention: 

• Rising Annual Software Maintenance Costs
• Unreasonable Upgrade Costs
• Being Forced to Upgrade
• High Licensing Costs
• Limited Scalability
• Poor OCR Accuracy
• No AP Dashboards
• No Executive Dashboards
• No Vendor Notifications
• No Ability to Auto-Match Invoices
• Lacking KPI's, Reporting & Analytics
• AP Inefficiencies and Poor Touchless Rates
  ​

Is your AP Automation system keeping pace? By today's standards AP Automation solutions are reaching rates of 80% - 90% touchless processing efficiencies. If you're AP Staff is having to touch more than 20% of supplier invoices, then it might be time to revisit your AP Automation. 

Does this sound like you?

Vision360 Enterprise AP Automation accomplishes all of the above and much, much more. Organizations like Welch's, Yankee Candle, Harrington Healthcare, Ames Tools, MKS Instruments, King & Prince Seafood and many, many more are realizing incredible efficiency gains and savings utilizing Vision360 Enterprise AP Automation for processing their supplier invoices. 

Contact us today for information email us or call 603-437-1400

When: Thursday April 5th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

Are you tired of chasing down supplier invoices for approval? Are you tired of all of the back and forth when it comes to processing supplier invoices? Are you tired of being caught in the middle when invoices don't get approved on time? 

Learn how to:
- Completely eliminate paper invoices forever
- Simplify invoice approvals for everyone
- Monitor your AP process from dashboards
- Automatically match PO invoices
- Correctly apply GL codes to invoices
- Completely eliminate manual data entry once and for all
- Reduce AP process costs, increase efficiencies & save money
​
When: Thursday April 5th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

Manufacturing organizations face different challenges to their counterparts in other sectors. The highly-competitive nature of the industry creates pressure to adopt a lean approach to delivering goods and services to customers. This has led to an increasing emphasis on customer centricity and faster, more robust supply chains. While there tends to be a focus on front-end process improvements, manufacturers realize that there is also a need to extend these improvements to their back-end processes, particularly in accounts payable (AP) and procurement.

This white paper serves as a guide for finance leaders on the drivers for implementing AP automation and the value it adds to the manufacturing supply chain. It summarizes the issues that manufacturers are faced with, and the benefits that AP automation has delivered to a range of organizations, including, reduced costs, increased visibility, improved efficiency in AP processes, and enhanced vendor management. The paper highlights the ways in which AP automation can be integrated with existing ERP, procurement, and supply chain systems, and ensure tangible results including...

To continue reading download your copy of the white paper "AP Automation for Manufacturers" here.

>> http://www.bluecreeksoftware.com/white-papers.html

​
When: Thursday January 25th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

The new year is here and AP Automation will be a top priority for most CFO's, Controllers and AP Managers in 2018. If you're not sure what AP automation is all about or if you want to better prepare yourself for AP Automation then this free 30-minute webinar will be perfect for you.

Learn how to:
- Completely eliminate paper invoices forever
- Simplify invoice approvals for everyone
- Monitor your AP process from dashboards
- Automatically match PO invoices
- Correctly apply GL codes to invoices
- Completely eliminate manual data entry once and for all
- Reduce AP process costs, increase efficiencies & save money

When: Thursday January 25th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

It is rare these days to find someone who is not at least a little familiar with the term, "AP Automation" or has some preconceived notion of what "AP Automation" is and how it works or should work. 

It's important to understand that AP Automation can touch many processes and internal systems. So from that regard there may be a few moving parts to an AP Automation engagement. But not to worry as AP Automation, by today's standards has matured. 

If we look at the definition of "Accounts Payable", Wikipedia defines it as "money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created.

Accounts payable automation or AP automation is a term used to describe the ongoing effort of many companies to streamline the business process of their accounts payable departments. The accounts payable department's main responsibility is to process and review transactions between the company and its suppliers. In other words, it is the accounts payable department's job to make sure all outstanding invoices from their suppliers are approved, processed, and paid. Processing an invoice includes recording important data from the invoice and inputting it into the company’s financial, or bookkeeping, system. After this is accomplished, the invoices must go through the company’s respective business process in order to be paid.[6]

This process is straightforward but can become very cumbersome, especially if the company has a very large number of invoices. This problem is compounded when invoices that require processing are on paper. This can lead to lost invoices, human error during data entry, and invoice duplicates. These and other problems lead to a high cost per invoice metric. The goal of automating the accounts payable department is to streamline this invoicing process, eliminate potential human error, and lower the cost per invoice[7]
Some of the most common AP automation solutions include E-invoicing, scanning and workflow, online tracking, reporting capabilities, electronic invoice user interfaces, supplier networks, payment services and spend analytics for all invoices.[8]

With the increasing availability of AP Automation solutions, businesses are driving process improvement in AP even further. By applying end-to-end AP Automation to their accounts payable department, organizations can accelerate invoice processing speed and accuracy while improving operational costs. Some organizations report that by implementing AP Automation they have managed to almost completely eliminate human intervention from the AP process, thus saving 60% to 80% of the time that was previously spent on manual processing.

In Summary
By centralizing AP, revising processes, introducing automation and reducing the cycle time from weeks to a few days, AP departments can give the CFO the increased productivity and information vital to meet his or her goals. Discount capture, spend analysis, and cost reduction are benefits that directly impact the margin needed by companies in this day and age, at the same time giving the C-suite the visibility and audit capabilities they need to confidently sign off on the effectiveness of financial controls and management certification of results.
 
For more information about AP Automation and the possibilities it holds for you and your AP team, visit our website at www.Vision360Entrprise.com for more information.

​

​

"In the accounts payable department the phones are ringing!  Vendors are calling looking for payment statuses! Auditors are looking for copies of invoices! Invoices need approvals! PO invoices need to be matched! Invoices need to be entered for payment! Checks need to be cut and the CFO wants to know,  "Why is all of this taking so long!?"

Okay, okay, take a deep breath! breathe! breathe! But you get the picture! Right?

With all of this you have to wonder why so many companies are so far behind the times when it comes to process improvements and accounts payable automation? 

Let's face it when your car is not running good, won't start is starting to have problems and show its age we begin looking at the cost to keep the vehicle in good shape and when the costs start to exceed the value what do we do? We trade it in or sell or worse, junk it! 

According to internal studies performed by many companies (as well as trade associations) the cost to process a single vendor invoice has ranged from $9 - $15 dollars as compared to AP Automation which has seen cost reductions between 60 to 80 percent or even higher! 

Well, if your accounts payable process is not able to keep up with the invoice volumes or manual processing costs are higher than they should be it might be time to take a look at ways to improve, right?
Improving your accounts payable process can take on many shapes. At many companies the thought of AP Automation was just too much to bare, there were too many unknowns and many companies are often times paralyzed by FEAR! 

Is your company paralyzed by Fear of AP Automation?

So what are some of the ways that AP Automation saved the day in Accounts Payable:

1. Paper invoices were completely eliminated from the payables process
2. Now AP has centralized processing, security and control
3. Supplier invoices received electronically no longer needed to be printed
4. Invoice data has been extracted and validated to ensure accuracy
5. Complete visibility to the entire AP process from on screen dashboards
6. Faster invoice approvals from any device
7. PO based invoices are matched automatically
8. AP Staff now only have to deal with the exception invoices
9. Manual data entry has been completely eliminated 
10. Paper checks are now a thing of the past
    
    

In Summary
By centralizing AP, revising processes, introducing automation and reducing the cycle time from weeks to a few days, AP departments can give the CFO the increased productivity and information vital to meet his or her goals. Discount capture, spend analysis, and cost reduction are benefits that directly impact the margin needed by companies in this day and age, at the same time giving the C-suite the visibility and audit capabilities they need to confidently sign off on the effectiveness of financial controls and management certification of results.
 
For more information about AP Automation and the possibilities it holds for you and your AP team, visit our website at www.Vision360Entrprise.com for more information.

​The new year is here and AP Automation will be a top priority for most CFO's, Controllers and AP Managers in 2018. If you're not sure what AP automation is all about or if you want to better prepare yourself for AP Automation then this free 30-minute webinar will be perfect for you.

Learn how to:
- Completely eliminate paper invoices forever
- Simplify invoice approvals for everyone
- Monitor your AP process from dashboards
- Automatically match PO invoices
- Correctly apply GL codes to invoices
- Completely eliminate manual data entry once and for all
- Reduce AP process costs, increase efficiencies & save money

When: Thursday January 11th, 2018
Times: 11:00 am & 2:00 pm Eastern Time
Register Today: http://www.bluecreeksoftware.com/webinars.html

Are you wondering if AP Automation is right for you or your department or business? Then this 30-minute, no-cost how-to webinar is perfect for you!

Learn about ways to eliminate paper, streamline the payables process, eliminate manual invoice entry, and eliminate the headaches of manually processing supplier invoices and take back control of AP!

When: Thursday November 9th, 2017
Times: 11:00 am & 2:00 pm EST
Where: http://www.bluecreeksoftware.com/webinars.html 

We'll discuss in-house, out-sourced, OCR, data capture, automated approvals, compliance, 2 & 3-way matching, touchless invoice processing, ERP integration, fraud prevention and much, much more!

Learn about the success that companies like Yankee Candle, Plymouth Rock Assurance, Freudenberg, Talbots Clothing and many more have achieved with AP Automation.

Register today! Space is Limited! Don't Miss Out!

When: Thursday november 9th, 2017
Times: 11:00 am & 2:00 pm EST
Where: http://www.bluecreeksoftware.com/webinars.html

Register today and get our free e-guide, "Taking the MYSTERY Out of AP Automation".