Accounts Payables play a critical role in the functioning of businesses. As a medium or large size business, processing numerous vendor invoices on a regular basis becomes a part of your daily operations. It directly impacts your cash-flow management, safety against financial frauds, and your vendor relationships. The way your AP team manages your AP workflow majorly decides whether these factors are affected positively or negatively.
One of the major negative impacts the accounts payables have on your business is when they are handled manually. Most accounts payable teams end up spending their valuable time on repetitive tasks that throw away their productivity.
THE UNIQUE EASY ACCESS INVOICE AUTOMATION SOLUTIONS
Easy Access is an accounts payable automation solution that automates your invoice processing end-to-end. It helps your AP staff to eliminate numerous points within the accounts payable processes, making your workflow efficient and streamlined.
THE EASY ACCESS ACCOUNTS PAYABLE INVOICE AUTOMATION HAS THREE COMPONENTS
CHOOSE THE COMPONENTS, LOCATION, AND OPERATIONS THAT CATER TO YOUR SPECIFIC NEEDS
Easy Access’s customizable invoice & AP automation solution allows you to select specific components from the above-mentioned options. Additionally, you are also provided with options for Location of Solution (Cloud or server) & OCR Operator (Your AP staff or Easy Access Staff). These special features deliver you tailor-made invoice automation services that serve your priorities.
SOLUTION SELECTION AND CUSTOMIZATION PROCESS
Select from the options below to have a customized AP automation solution that suits your specific requirements.
- Select specific components.
- Have your preferred location of the solution.
- Spend absolutely no time learning to operate the OCR data capture.
Easy Access- The only AP automation solutions provider that operates the OCR data capture for you.
The result? A low-cost solution that is operational in 90 days or less.
INVOICE PROCESSING SOLUTION
WHAT IS AUTOMATED INVOICE PROCESSING?
Automated Invoice processing is a technology used by accountants of organizations for invoice management. It is a cost-effective and efficient way to manage invoice data in real-time, right from the time of arrival to payment completion. Automating accounts payable workflow has many advantages and hardly any implementation risks. It streamlines your AP invoicing workflow, improves early payments and cost savings.
HOW DOES AUTOMATED INVOICING WORK?
Automated Invoice processing starts right at the arrival of your invoice. Your invoice processing automation software starts by scanning the invoice data (this is known as invoice capture) and feeding it to your accounting system. Your automated invoicing software then performs pairing and matching functions with the received invoice and purchase order lines. This is done with no human intervention. If the lines match, the payment is pushed forward in your ERP system. The payment is put on hold otherwise.
INVOICE AUTOMATION FEATURES
Your accounts payable invoice processing software with its unique features enables quick and efficient AP workflow with no human intervention.
The best automated invoice processing software offers you:
BENEFITS OF AP Invoice Processing Automation
TOUCHLESSLY. RAPID. METRICS: TRM
Our unique TRM invoice automation process for your AP workflow.
Process 3,000+ invoices a month with minimal AP staff.
Invoice processing includes PAIRING activities, which involves automatically assigning a PO line number to each invoice line. 80% of your invoice is processed with no human touch!
The accounts payable automation software uses Metrics to better manage staff, invoice automation process, and costs by monitoring exceptions.
HAVE COMPLETE VISIBILITY INTO YOUR PAYMENTS PROCESS WITH AUTOMATED INVOICE PROCESSING SYSTEM
BOOST INVOICE APPROVAL CYCLES
ELIMINATE PAPERWORK & INCREASE SAVINGS
Frequently Asked Questions
1. How to automate invoice processing?
To reduce the overall invoice processing time and costs, & improve productivity, it is essential for businesses to invest in a reliable accounts payable automation software or invoice automation solution.
Easy Access’s AP automation software uses the Optical Character Recognition (OCR) technology to capture invoice data accurately and integrates with your ERP system to give you a touchless invoice processing experience.
2. Where can I find the best AP invoice automation?
Choosing the best invoice automation solution for your business is a daunting process. The Easy Access accounts payable automation solution captures the invoice data using the OCR (Optical Character Recognition) technology with 99.5% accuracy & integrates with your ERP system for touchless processing of your invoices. Easy Access also helps you keep an audit history of all the activities connected to each invoice.
3. What is the best invoice automation software?
Easy Access’s accounts payable automation software is one of the most reliable and resourceful invoice automation solution in the industry. Its Optical Character Recognition technology ensures all your invoice data is captured with utmost accuracy each time & integrates with your ERP system to eliminate the manual tasks related to AP. Easy Access offers a touchless invoice processing for your business to reduce costs and improve productivity.
4. Why do Companies Need Accounts Payable Invoice Automation?
Managing accounts payable tasks manually can get challenging. Moreover, manual processing of invoices can lead to errors and delays. With the help of a reliable accounts payable invoice automation software, businesses can
- Reduce overall invoice processing time.
- Have total visibility of the invoices from receipt to entry into their ERP systems.
- Increase touchless processing of invoices.
- Improve productivity and reduce costs.
- Have an audit history of all activities connected with each invoice.
- Rapidly rectify invoices with problems.
5. How Does AP Automation Help Reduce Invoice Processing Cost?
Time is money! With an automated invoice workflow, your on-time payments are improved and errors are reduced, thus saving your AP team’s most productive hours. Accounts payable automation also eliminates manual work, which helps you save a great deal of money that is spent on manpower too.
6. What is AP Invoice Automation? -
AP invoice automation is a technology used by many organizations to digitally manage their accounts payable tasks. This helps them eliminate manual work, reduce errors and paperwork, improve on-time payments, and manage their financial data in the most efficient manner
7. How AP Automation Fixes the Invoice Approval Process?
A manual invoice processing workflow can become extremely taxing and inconvenient (due to errors, delays, waste of resources, etc). It makes your AP team spend their most productive hours on repetitive tasks. Automating your AP processes can help you take care of problems such as errors, delays, and the mundanity of certain accounting tasks.
8. What is Invoice Processing Used For?
Invoice Processing is a complete workflow of your accounts payable team managing your supplier invoices. This process takes care of the approvals of your invoices, thus completing your payment cycles. It starts when you receive an invoice from your supplier/vendor and ends when a payment has been approved.
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