AP Automation
Simplify and Streamline Your Finances with AP Automation
AP automation can significantly streamline a traditionally time-consuming and manual process, allowing finance teams to focus on more strategic tasks rather than repetitive administrative work. It’s a way for businesses to leverage technology to improve their financial operations and overall efficiency.
These companies trust Onventis with their buying needs
AP automation
AP automation (Accounts Payable automation) is a technological approach to streamlining and optimizing the accounts payable process. It involves using software and tools to automate various tasks in the accounts payable process, such as invoice processing and approval workflows.
AP automation
AP automation (Accounts Payable automation) is a technological approach to streamlining and optimizing the accounts payable process. It involves using software and tools to automate various tasks in the accounts payable process, such as invoice processing and approval workflows.
Optimized Workflow
- Invoice Processing
Reduce manual work by integrating eInvoices directly or capture data from PDF invoices using tech like OCR. - Approval Workflows
Create digital approval workflows, which route invoices to the appropriate individuals for approval, ensuring compliance with company policies. - Enhanced Visibility
Monitor the status of invoices, track payment timelines, and identify bottlenecks with real-time visibility.
Improved Efficiency
- Data Accuracy
Automation reduces the chances of human errors in data entry and processing, leading to more accurate financial records. - Faster Processing
Automated workflows can significantly speed up the approval and payment process, ensuring that suppliers are paid on time. - Cost Savings
By reducing manual labor and errors, AP automation can lead to impressive cost savings.
Holistic Financial Strategy
- Analytics and Reporting
Reporting features provide insights into spending patterns, cash flow, and other financial metrics. - Compliance and Security
Enforce compliance with regulations and company policies, and security features protect sensitive financial information. - Vendor Relationships
Timely and accurate payments through automation can improve relationships with suppliers and vendors.
Onventis is an easy to use system even for untrained employees. Over 80% of invoices are immediately well-read and automatically matched.
