Accounts Payable Process Automation
Optimise the Accounts Payable Process
Harness Kofax capabilities to manage critical facets of the accounts payable process, from capturing data in invoices, to creating approval and exception workflows and ultimately routing this data into your downstream ERP systems.
purpose-built artificial intelligence
Purpose-built AI for accounts payable automates the recognition, identification and extraction of more text and data from more channels and content types than any other AP capture solution.
Manage AP workflows with
Build approval and exception workflows to accommodate your unique organisational policies. Track KPIs and SLA compliance while gaining improved transparency into how accounts payable processes are executed.
Deploy as you like
Deployable on-premise, in your own private cloud or in the Microsoft Azure public cloud. Choose the public cloud for added benefits of instant scalability, reduced costs, less IT dependency and faster time-to-ROI.
Future Proof Your Accounts Payable Function With Automation
World-Class Accounts Payable Automation
Multi-Channel Invoice Capture
Accommodate the many different channels your suppliers use to send data, whether XML format, scanned, paper-based or PDF.
AI mimics the way a traditional processor would think and problem-solve to do things like understanding an invoice layout and determining where the right information is, no matter the format.
Keep pace with growing global mandates to adopt electronic invoicing.
Automatically manage approval workflows and route exceptions for review while maintaining a data trail of handoffs between people and automation.
Track and manage key performance indicators and service level agreements associated with your invoicing process to gain insight into how work is getting done, where money is being spent and why.
Leverage out-of-the-box integration to route validated data into your existing ERP and impact ROI without expensive custom integration projects.
AP Automation FAQs
Accounts payable automation software transforms the traditionally manual process by leveraging technology to digitally move invoices through the accounts payable process. AP automation is technology that streamlines and automates the AP function, removing manual tasks and providing better visibility and control over financial data.
Organisations that adopt accounts payable automation can experience significant benefits including greater control over cash management, reduction in processing costs, fraud mitigation and improved compliance.
The accounts payable process is initiated with the receipt for the invoice via paper or electronically (e.g., email). Once received, the invoice is captured, reviewed, matched to the purchase order, approved, coded to the appropriate department and paid.
The accounts payable process can be improved by leveraging AP automation software to streamline processes, reduce errors associated with manual processing and reduce the cost to process invoices. By improving your AP process you can boost efficiency, scale for growth and improve supplier relations.
The accounts payable process can be automated by leveraging AP automation software, replacing the manual steps associated with the process.
Accounts payable teams that leverage automation software are able to process invoices in a fraction of the time of manual invoice processing, resulting in significant time savings. Automation frees teams of the manual process constraints, shifting the focus to more high-value work and providing greater financial control and visibility.
Automated invoice processing replaces the manual processing steps with software, allowing invoices to be submitted, received, exchanged or approved without human intervention. Artificial intelligence (AI) mimics the way a traditional processor would think and problem-solve to do things like understanding an invoice layout and determining where the right information is, no matter what format the data is in.
All organisations that receive invoices can utilise AP automation software to streamline operations and gain greater insights into spend.
Ready to get started?
Whether you need to digitally transform a simple task or an end-to-end process, we can help you do it.