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Accounts Payable is often one of an organisation’s largest expenses and accurate invoicing and cash management are an integral part of optimal business health. Streamlining the processing of your end-to-end operations via AP automation allows for greater visibility of the financial process and more predictability in relation to cash flow.
Many organisations incorrectly assume that Accounts Payable is an activity of low-value and as such, is not worth investing in. However, when examined, the reasons for investing in AP automation are compelling.
Accounts Payable are required to reduce costs, improve business performance, achieve regulatory compliance, increase visibility and enable an organisation’s strategic initiatives, all at the same time. Not only do these goals conflict at times, they often compete for the same resources, limiting an AP Department’s ability to accomplish them.
Investing in the implementation of an AP automation process gives greater flexibility of the Accounts Payable process, automating those manual repetitive tasks and freeing up human resources to areas where they provide greater value.
Efficiency Leaders, together with our Solutions Partner, Kofax, provides a range of solutions and products that streamline and automate the AP process. Kofax combines market leading capture, process management, analytics and mobile capabilities that enable organisations to increase their responsiveness to customers, provide better service, gain a competitive advantage and experience greater growth while reducing operating costs. The Kofax TotalAgility platform – an “automation super-highway” – enables superior business process automation and will dramatically transform your organisation’s AP processes.