the four levels of accounts payable automation
DESCRIPTION
If you have been considering automating your accounts payable department but were concerned that it might be a difficult transition, this presentation will show you the four levels of automation – and the step-by-step way on how to get there. During this presentation, you will: • Discover how paper-based processes create inefficiencies • Learn how to take the first steps in moving from manual to automated workflow • See how best-in-class companies utilize automation • And more… If you want to move your department from entirely paper-based to fully electronic processes, then you must view this presentationTRANSCRIPT
Closing statement slide: Automation increases efficiency and transforms the role of AP from being a data entry shop to being a strategic asset.
Companies using paper take almost 4 times longer to process an invoice.
Supporting Fact: …56% businesses experienced higher cost saving per invoice by implementing e-invoice systems then those that did not.
Next Steps
What’s next after invoices are electronic?
APPROVED INVOICE/AP REVIEW
AP System
FIRST LEVEL APPROVER
HIGHER LEVEL APPROVER
ELECTRONIC INTERFACE
Match Rule Exception Workflow
APReceiving
RequisitionerPurchasing
Invoice Data
PO and Receipt
of Goods
Exceptions
ERP
Straight Through Processing
