The invoice automation solutions more effectively control how your customers pay and lowers costs by replacing a time consuming AP process team. The account payable team manages the customer service and orders, tackled the arduous task of keying hundred of invoices, verifying them against their original purchase orders. This seems to be a laborious task.
Manage the entire invoice-to-cash process; streamline accounts receivable process, save time and resources by automating the business processes.
A perfect solution to solve the complexities of making invoice payments into a streamlined efficient system. AP solution automates payments processing end-to-end.
The invoice process automation is one key form to enhance company’s profitability, reduces transactional costs and eliminates costly mistakes entirely. A company can better manage its cash flow and make capital available to reinvest with faster predictable payment cycles.
ACCOUNT PAYABLE AUTOMATION COMES UP WITH BENEFITS SUCH AS:
• Have invoices validated, centralized and uploaded directly to legacy systems for accurate and timely payments
• Cost per invoice processing goes down, frees staff from mail handling, data entry and exception processing, focus on key activities
• Automation decreases processing times, capture early payment discounts , eliminate late payment fees, improves vendor relationships
• Real time reporting provides visibility at each step of the process.
• Immediate accessibility to track and manage all your invoices
The optimization of business processes helps to manage payments and handle the repetitive tasks quickly and securely. In today’s world, the companies depend on invoice automation solution for the invoice-to-cash process.
Moreover, with an invoice automation solution reduces operational costs, helped staff reconcile the purchase orders and improved order-to-payment cycles.
Note: AP invoice processing is one of the key forms to improve vendor relations.
AUTOMATED INVOICING AND PAYMENT SOLUTION BENEFITS:
• Automated accounts payable systems speed the review process and reduces the turnaround time for payment approval.
• Automated AP systems gives greater visibility into your payables and better control of your disbursement
• Automation enables to make strategic decisions about which payments to send and when to send them.
• Automation cuts down on the time and energy employees currently spend in investigating and resolving disputes.
• Automated accounts payable reduces the amount of time and number of employee hours invested in responding to supplier inquiries.
Cash Conversion Method:
It is the amount of time required to turn sales into cash available for cash outflows. Take a look of each box that defines the cash conversion method. When you want to accelerate your cash inflows, shortening the cash conversion period is essential.
Implementing a software solution can make the automation and accelerate payments cycles a reality. The companies can eliminate the inefficiencies of human interference, moving from invoice to payment more rapidly and increasing their profitability.
Invoicera, the invoice automation solutions helps AR teams to process payments faster and more securely. Create flexible and transparent solutions within invoice-cash-process. You can easily meet complex customer demands with the integration of 25+ payment channel options. Also, through an online invoice software allows to set up automatic billing or you can even pre-pay for the services before-hand.