Do Your AP Invoices Like To Play Hide & Seek?

Come out! Come out! Wherever you are! I know you're here somewhere AP invoices? I need to get you approved and process you for payment?

Are you over here? Nope. Are you under here? Nope. Are you over there? Nope.

Where are you... supplier invoices? Our payments will be late unless you come out to play!

Do you feel like your supplier invoices are playing hide and seek with you? One minute they're here and the next minute they're gone? You count to 10 and the search begins! 

Don't let your supplier invoices hide from you any longer.

Paper-based vendor invoice processing is time consuming and expensive and creates chaos in business. Manual processing is error-prone with little or no controls or visibility and leads to invoice approval delays, late payment fees, and missed discount capture; in addition to creating delays in month-end, and year-end closing. When you factor in the countless clerical hours that AP personnel consume to manually reconcile, research and resolve invoice issues and exceptions rather than focus on strategic AP tasks, it’s no surprise why more companies are striving to increase automation and reap the rewards of straight-through invoice processing to save both time and money.

An invoice automation system can reduce processing costs by up to 90 percent by maximizing straight-through invoice processing for both PO-based and non-PO or expense invoices. By streamlining invoice data capture and validation and applying powerful, flexible matching, automatic coding and approval best practice workflows, organizations of all sizes benefit from a truly automated AP solution delivering productivity and efficiency coupled with visibility and control.

While many invoices lack a PO, invoice automation solutions have the ability to quickly process all non-PO invoices straight-through to the appropriate approver and eliminating long processing times. Vision360 Enterprise puts spend controls in place to provide pre-approval that reduces maverick spend, transforming expense invoices into order-based invoices that can be automatically matched; resulting in fewer expense invoices and fewer manual approvals. To further streamline the invoice processing cycle, any recurring expense invoices can be automatically matched against an invoice schedule as part of a procurement contract, further reducing manual intervention and maximizing straight-through processing including automatic invoice coding and approval against configurable business thresholds. This minimizes the risk for manual errors, while providing increased control and focus on handling invoice exceptions.

To learn more about accounts payable automation and the benefits it can deliver to your company, please visit our website at www.Vision360Enterprise.com