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What are the Challenges That Your Accounts Payable Team is Struggling with When it Comes to Processing Vendor Invoices?

5/1/2019

2 Comments

 
Picture
Let's face it, accounts payable teams are forced to do much more these days with far less resources than those of the past. When things go wrong, when vendors don't get paid on time or get paid at all - who's the one that always gets the blame? Yup, AP.
This is just a short list of challenges in accounts payable departments. Which ones can you relate to? What would you add to this list?
  • Getting supplier invoices approved on time
  • Matching invoices against purchase orders
  • Entering invoices into the ERP system for processing
  • Dealing with all the paper and back & forth
  • Rising costs to manually process vendor invoices
  • Lost discounts due to inefficiencies in our process
  • Late payments and extra fees due to our slow process
  • We have no visibility or control in our approval process
  • We're growing and looking to add staff to handle the increase in invoice volumes

​What else can you add to this list?
2 Comments
Lakshmi
8/29/2019 10:56:47 am

Delay in approval ..will lead to rush in work and chances of error..which will lead to mess in work and payment...so finally AP is blamed

Reply
Amanda
9/6/2019 07:27:30 pm

Inefficient systems integration

Reply

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    Vision360 Enterprise  Accounts Payable Automation Solution by BlueCreek Software reduces time wasted chasing down paper invoices by automating invoice approvals, eliminating manual data entry, eliminating paper invoices and reducing processing costs.

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  • HOME
  • WEBINARS
  • ACCOUNTS PAYABLE (AP) INVOICE AUTOMATION
    • WHAT IS ACCOUNTS PAYABLE AUTOMATION
    • 100 REASONS WHY YOU NEED ACCOUNTS PAYABLE AUTOMATION
    • GETTING YOUR CFO TO SAY YES TO AP AUTOMATION
    • THE NEW ACCOUNTS PAYABLE DEPARTMENT
    • VIRTUAL DEMO: AP AUTOMATION
    • AP INVOICE SCANNING
    • AP AUTOMATION SOFTWARE
    • REMOTE AP AUTOMATION
    • ELECTRONIC PAYMENT PROCESSING
  • CUSTOMER SUCCESS
    • INDUSTRIES >
      • AGRICULTURE
      • CONSTRUCTION
      • FOOD & BEVERAGE
      • HEALTHCARE
      • HIGHER EDUCATION
      • HOSPITALITY
      • LIFE SCIENCES
      • MANUFACTURING
      • RETAIL
      • TECHNOLOGY
      • TRANSPORTATION
  • ACCOUNTING SYSTEMS
    • AS400 INTEGRATION
    • EPICOR INTEGRATION
    • INFOR INTEGRATION
    • JD EDWARDS INTEGRATION
    • LAWSON INTEGRATION
    • MEDITECH INTEGRATION
    • MS DYNAMICS 365 AP AUTOMATION
    • MS DYNAMICS GP AP AUTOMATION
    • MS DYNAMICS NAV AP AUTOMATION
    • MS DYNAMICS INTEGRATION
    • ORACLE INTEGRATION
    • PEOPLESOFT INTEGRATION
    • QAD INTEGRATION
    • QUICKBOOKS INTEGRATION
    • SAGE INTEGRATION
    • SAP INTEGRATION
  • BLOG
  • RESOURCES
    • PRICING
    • GLOBAL SOLUTIONS
    • SOC AUDITED CONTROLS
    • FAQ's
    • PARTNERS
    • WHITE PAPERS
  • CONTACT
    • SUBMIT RFP
    • SUPPORT
    • ABOUT
    • CAREERS
  • Vision360 Customer Success