AP automation is often described as low hanging fruit in the
garden of digital transformation. And for a good reason – the
barrier to entry is impressively low in terms of both cost and
effort needed to get up and running, particularly in comparison
to the implementation projects for other business applications.
Despite that fact, the value provided from AP automation is
comparably high. For such an easy implementation, the benefits
reach throughout an organization, beyond the walls of the AP
department, and are near-immediate from day one of using the
Standard benefits include:
- Immediate value from day one with an expected ROI within the first year
- Up to 95% truly touchless invoice processing with access to real-time cloud data for benchmarking and reporting
- Easy access to financial data, such as cash flow & accrual reporting, with full visibility and control of the AP process
This guide will help you kick-start your AP automation project by
defining the 6 steps to build a solid business case and gain the
internal approvals needed to get started.
Marc Jacobs has been able to redirect employees from the considerable time spent maintaining spreadsheets and managing AP information. In just four months after deploying MediusFlow, the company was able to justify the investment. One year from deployment, it expects to have made $150,000 in productivity gains.
By modernizing its solution for invoice processing, Marc Jacobs can easily manage its complex supply chain and get back to the creative work of designing and delivering next season’s collection.
Only a best-of-breed AP automation solution can offer the high levels of fully automated, touchless, invoice processing that your organization needs to scale your business operations.MediusFlow is the leading cloudbased solution for Dynamics users that automates the entire accounts payable process, enabling increased efficiency, touchless invoice processing as well as better financial visibility and control.
This guide will help you understand...
• What AP automation is
• The different options available
• What to consider when selecting a solution
• How to evaluate solutions
Published By: SAP Concur
Published Date: Sep 25, 2019
"Digital trends have impacted almost every aspect of today’s business world, from operational performance to customer service satisfaction. The payments department – the cash flow and working capital lifeline for an organisation – is no exception. Yet in Singapore and Malaysia, many organisations still have limited automation of the accounts payable (AP) process, or a heavy reliance on manual paper work. This report analyses the current AP landscape in Singapore and Malaysia, through surveys and interviews of 100 organisations in each country, across various industries.
Download this Deloitte study to understand why automation is the top initiative for organisations today.
During the past 10 years, organizations have adopted accounts payable (AP) automation technologies at an accelerating pace. Document imaging, data capture, and other solutions are radically transforming the way AP departments work with their traditionally most common medium, paper. At the same time, the promise of electronic transactions is quickly becoming more of a reality, with growth year after year in the number of transactions sent and received electronically.
Accounts payable has been talking about end-to-end integrated automation for at least 40 years. Today, the technology exists, but resources are limited and end-to-end AP automation is still not standard. Some AP departments have automated pieces of the AP process, but an end-to-end solution should include the ability to capture, integrate, measure, process, store, and access information.
Manual work in accounts payable is a large source of costs that can be cut relatively quickly through automation. With AP automation it's possible to reduce the cost of processing a single invoice by as much as $10. Learn how you unlock the strategic value of accounts payable with the Coupa AP Automation Success Kit. Discover how to transform your AP invoicing processes to realize significant savings that directly impact the bottom line while improving governance and compliance.
The team at Generation Tux is all about improving internal experiences to increase efficiency and improve operations. As a one-man finance team, they needed all the help he could get to automate and streamline financial processes. When he joined Generation Tux as the Controller, he found a disastrous Accounts Payable (AP) process in place. Found out how he turned it around.
In today’s world of constant technological advances, automation has become the norm in most areas of business. To stay ahead of the competition and drive growth more quickly, savvy businesses are using automation as a way to stand out. Herein lies the concept that automation is not only a priority but also a strategic advantage to your business. Find out why leading finance executives are making accounts payable automation a priority.
The benefits of invoice-to-pay automation go beyond the obvious cost savings and efficiency improvements. It is critical that when you build your business case you tie in the cost savings as well as the efficiency improvements. If management can see the clear cost-savings, they are more likely to greenlight your proposal to automate your invoice-to-pay process.
Cutting-edge companies are recognizing the opportunity to integrate technologies into their GL (accounting system) to optimize individual processes such as accounts payable and payroll. Learn more about how AP automation together with your ERP would add value to your accounting operations.
Every year, businesses of all shapes and sizes conduct budget planning. For most organizations, this kind of budgeting is a standard occurrence. Yet companies managing their accounts payable process without an automated process will hesitate to add this expenditure without understanding the true impact. In this paper we walk-through your budget planning with a focus on how automation could really change your balance sheet.
With the introduction of cloud-based solutions, investing in tools to automate business processes like accounts payable is more affordable, and significantly less risky for SMB. Use this guide to help select the right AP solution to match your needs.
In this survey report analysts examine electronic invoicing, imaging and data extraction, and automated workflow solutions at US-based enterprises. The analysis is based on over 300 survey results and more than nine years of research findings.
Manual processing of vendor invoices presents a roadblock to the success of your accounts payable (AP) department and overall business objectives. As you look to automation to get your company on the right track, consider this guidebook your map along the 7-step path to AP automation success.
In today’s increasingly high-tech and efficiency driven business landscape, internal processes such as accounts payable (AP) are being looked to as prime candidates for modernization.
Traditional, paper-based methods of vendor invoice processing are associated with higher costs, lower visibility and longer processing times — all barriers that ultimately impede business progress and the ability to gain a competitive advantage.
The purpose of this white paper is to explore the specific challenges faced by companies using manual processing methods while shedding light on the key features and proven benefits of automation.
Is it time to modernize your AP process? Read this white paper to get started!
Traditional accounts payable (AP) departments face the challenges associated with processing paper invoices on a daily basis— challenges that can take away your company’s competitive advantage.
Luckily, there’s a better way to handle AP processing: automation.
See how AP automation solutions can help you:
• Process vendor invoices up to 65% faster
• Reduce purchase-to-pay costs by 40-60%
• Achieve processing accuracy up to 99%
• Maintain 100% process visibility
• Automatically archive invoices electronically
Learn more about the benefits your company can achieve with AP automation– Read the eBook now!
Read the white paper‚ Building a Business Case for AP Automation: How to Propel Your Project to the Top of the List‚ to discover how AP automation creates benefits for the entire business such as:
• Cost savings due to fewer manual processing tasks and less IT requirements
• Complete visibility and control thanks to customizable dashboards and metrics
• Faster payment cycles with the ability to capture more early payment discounts
• Improved employee productivity and supplier satisfaction