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The burden of manual Payables processing

Manual processing of accounts payables is time-consuming, costly and leads to mistakes:

 

Major inefficiencies

  • Lack of control around business spend and approval processes

Duplicate payments

  • Salaries spent on managing manual processes
  • Double payments are lost money
  • Missed payments sour supplier relationships
  • Time is wasted managing suppliers
  • Missed early payment discounts are lost opportunities

A lack of visibility

  • No overall view of payments process
  • Inaccurate picture of current liabilities
  • Decisions made based on poor information

Cloud-based AP automation: an effective solution

Cloud based AP Automation offers immediate cost and productivity benefits, without the need for major investment in hardware and software.

More accuracy
Eliminate the costs and hassle of errors that come with manual processing.
More savings
Achieve savings of 50% or more on AP invoice processing, access more early payment discounts.
More transparency
Gain real time reports on AP liabilities for better decision-making, and to meet compliance and audit requirements.
Faster ROI
Eliminate capital or leasing expenditure or paying for functionality you don’t need. You pay for additional functionality when your growth requires it, while outsourcing non-core payables business functions.
More flexibility
24/7 online access means approvals, authorisations and exceptions can be managed from anywhere at any time from any device (pc, laptop, tablet or mobile).

Want to know more about Cloud-based AP automation?

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