Therefore, a paper-based AP work flow map would always have gaps in it. However, as e-invoicing centralizes the information while securing it, and notifies you of every update, this system can easily create a workflow map.
Profiling Employees and Vendors
By selecting e-invoicing solutions, you can keep a track of your vendor’s preference. Plus, as digitizing invoices comes with the capability to work with different formats, you can satisfy all the vendors without wasting away money on developing separate strategies for everyone. This simplifies the whole operation easily. Plus, keeping a track of the preferred payment process and notification requirements of employees is easy with e-invoice. All these features really help in developing the map you need to formulate an idea of your business improvement.
Getting Review and Approval Based Information
E-invoicing gives you instant updates on your company’s invoice approval or review situations. You can calculate the flow of money in and out of the business, and can even predict a pattern. This in turn gives you more control over the whole situation.
By developing a map of workflow in business, you get a clear vision of the outcome and can even modify it for your success. Feeling inspired? Go for AP automation today. Contact us for assistance.
Reduced manual labor means fewer chances of error. An automated input minimizes the chances of mistakes and the software can even highlight errors of the suppliers. In case of any deviation from company regulations, you will be informed.
Integrate this software to your accounting process to eliminate the costly errors and your company’s precious time. For more information about automated AP, contact us, today!