Accounts payable software is being used by companies wishing to automate AP processes such as invoice data capture, integration to ERP systems, and purchase order matching.
An accounts payable software system, substantially speeds up AP processes and saves time and energy in the AP department.
Accounts payable software - economical and ecological
Accounts payable software dramatically reduces paper usage as well as AP cycles, resulting in less paper waste and less CO2 emissions.
How it works - accounts payable software and ERP integration
The accounts payable software can automatically extract information from AP documents such as invoices.
Through an integration to your ERP system, the invoice data can be automatically matched against purchase orders in the ERP system.
This will automate your AP processes and your AP staff may not even have to see the invoice after scanning.
If it is a general expense invoice, or if there are any errors on the invoice, it is passed on to an electronic workflow system, where the invoices can be processed by non-AP staff in a quick in easy web-based system (also with an integration to your ERP system).
In both scenarios, the accounts payable software system will substantially speed up and improve your AP process. The accounts payable software also enables you to do all this using less staff and fewer resources.
The benefits of accounts payable software:
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Accounts payable software will shorten your AP cycle and thus give you early payment discounts (and you'll avoid late payment fees).
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Accounts payable software will lower your AP costs since less staff is needed to process invoices.
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Accounts payable software will increase staff satisfaction and remove tedious work tasks.
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Accounts payable software will give you better control over your AP process and give you a complete audit trail through the integration to your ERP system.
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