Keeping track of your accounts payable is an essential part of your company’s tasks. You want to make sure that every invoice is properly dealt with and stored in the right place, or else you may end up overpaying, underpaying, missing a payment, double paying, or otherwise having an error in your accounts. This could lead to issues with your suppliers and other accounts, as well as harm you during an audit or internal review. By implementing accounts payable automation, you can have a solution for all your potential problems. Xcellerate IT will integrate the accounts payable solutions into your existing software so that you can fully maximise the potential of your current system.
How Does Accounts Payable AUTOMATION Work?
Accounts payable automation works seamlessly with your existing accounts payable software. It will capture the essential information from invoices and other documents, regardless of how you receive them. It works with scanners, smartphones, email, tablets, faxes, paper documents, and other forms of data delivery. It does not just grab the information; it also processes it and puts it in the right categories. Depending on the parameters in place, the system should either automatically process the invoice or it will send the information to the person in charge of handling it. The data is placed in the right parts of your account payable software so that you can process it as usual. It also stores it for record keeping so that you have a solid trail for audits. Xcellerate IT works with you on finding the ideal accounts payable solution for your company to ensure that it is fully integrated with your current system so that you receive the full potential.
The Benefits of this Type of Accounts Payable Solution
There are many different types of account payable solutions you can choose to integrate into your system. By choosing automated accounts payable solutions, you will streamline the workflow, reduce the time it takes to process the invoices, reduce the risk of error, and increase the efficiency of your company. You will reduce your overhead costs, since the program will enter and manage the data for you. Your staff can concentrate on the tasks that require their attention. The system also includes analytics so that you can create reports to see if there is any place that requires work or improvement. Xcellerate IT uses the best programs to integrate with your existing system so that you can have a seamless AP system that you can use to its fullest capabilities.
Improve your AP System with Xcellerate IT
With over 20 years of experience in business process automation, Xcellerate IT has the experience and knowledge of all the systems to ensure that you have a seamless integration of your automated system. In addition to accounts payable, they also work with solutions for mailroom, business process management, record keeping, and SharePoint Integration. They provide document delivery and capture services that link your System of Records with your System of Engagement. They have experience working with many companies across several industries, including healthcare, manufacturing, education, and finance. With their programs, you can reduce your overhead cost while improving your efficiency.
For more information on the Kofax TotalAgility software used to automate Accounts Payable please download the following E-Book: GO BEYOND CAPTURE: Accelerate Your Business with TotalAgility
Please head to our customers page and check out who currently uses our solutions.