Accounts Payable Processing.
The receipt of purchase invoices continues to challenge businesses across the globe. Invoices must be receipted, logged, reviewed and approved, queries resolved and payments made, all while ensuing that there is visibility and traceability for when suppliers inevitably want to know when their payment will be made. Accounts Payable teams spend hundreds of hours performing these tasks, often in a heavily manual and mundane way, with some still typing data and retrieving information from ‘old school’ green screens.
With an Embrace Digital Accounts Payable solution, invoices can be ingested either by digitising paper or ingesting electronic content, have key header and line-item data extracted, be matched to a purchase order/goods receipt and/or be sent out into the business for coding/approval. Exceptions and queries can be flagged and resolved and data exported ready for ingestion into the accounts package ready to trigger a payment run. With collated reporting available over the top of the data capture and workflow streams, the Accounts Payable team always have visibility, enabling more efficient and effective processing.
Available as either on-premise or cloud-hosted solutions, dependent on requirements, organisations of all sizes can realise the benefits of automated accounts payable processing.
Perhaps you already have a solution that is not performing as expected or hasn’t met the expected benefits originally identified. We can work on a consultancy basis to review the implementation, identify the key challenges and propose a plan of work to bring the system up to expectation. We will always provide the reasons why we feel the challenges exist and how we feel our changes will have a positive impact so that you can be confident that the proposals have been well thought out before embarking on the work.
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