Accounts Payable

The accounts payable department is often one of the most paper rich in an entire organisation. The purchase to pay process is time consuming, fraught with errors and can result in costly delays for an organisation.

One of the main problems is that the purchase to pay process involves a lot of key documents, including: purchase orders, invoices, goods received notes, receipts, etc. These documents often need to be authorised or approved by individuals across an organisation. In a manual process, this is very time consuming for the accounts payable department.

Invoice management and invoice authorisation solution can be used to automate and streamline the department. Removing the vast majority of manual tasks for the accounts payable department leaves them free to concentrate on more value added work, such as negotiating discounts with suppliers.

Key benefits of IMS

• Improved productivity of the accounts payable team
• Improved supplier relations
  
• Improved control over key business processes
• Improved level of service to internal departments
  
• Improved management information
  
• Reduced data entry costs
  
• Reduced cost and time in coding and authorising invoices
  
• Reduced cost and time in resolving discrepancies
  
• Reduced storage costs, telephone and distribution costs

Want to see invoice management in action? Watch our webinar online - includes software demo. Click to watch now!

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