The Accounts Payable process helps businesses efficiently and effectively manage the payment for goods and services procured. It is closely linked to and dependent on the wider Purchase to Pay process. Accounts Payable Automation has been transforming the Account Payable operations for many years.
Whilst the purpose and function of AP is clear, for many businesses, AP, even with Automation, is a complex and challenging world of exceptions, part-automation or manual processes.
66% of all invoices need some form of manual intervention
Information Age
of organisations are still relying on manual or part automated AP processes – Business Insider 2020
of businesses are looking to add automation to their payables processes as a way to capitalise on the efficiency & cost-cutting benefits it brings in – Business Insider 2020
of the average Accounts Payable professional’s time is spent transaction processing – Aiim 2019
The cost of processing an invoice in the UK averages between £4 and £25, and in some cases even up to £50, per individual invoice – Gartner
Despite the existence and maturing of Accounts Payable automation software, many Accounts Payable teams are still struggling with a long list of exceptions, manual tasks and problems along the AP process
Click here to view our blog on the top 10 most common challenges of a manual Accounts Payable Process.
A common approach for benchmarking Accounts Payable is calculating the cost of processing an invoice. Research from the Hackett group and Gartner put the average cost of processing an invoice in the UK from between £4 and £25 with certain complex or error prone processes costing up to £50 per invoice.
Click here to see what to include in your total cost per invoice.
Today, the entire AP process can be digitised, process managed and automated to degrees and levels previously not possible:
The right AP Automation solution and transformation depends on the nature of your AP requirements and your situation across people, process & technology.
Click the following link to view the 5 Methods AP Automation Success.
Whilst the benefits of AP automation will vary by customer and depend on starting point and variables across people, process and technology.
Click the following link to view the 10 Benefits of AP Automation
We have a 35 year track record of success & expertise in invoice capture, AP automation, digital processes and services.
We have accredited & expert people – from Process Analysts, Solution Architects and Project Management through to AP Implementation engineers, software developers and Multi-tiered Service desk operations.
We are independent. We partner with leading AP / P2P technology providers on the market such as Kofax, Ancora, Hyland, Opentext, M-Files and Microsoft. Based on these and our world- class service desk – we have also developed our Hybrid AP Automation as a Service platform
A robust approach to transformation based on partnership and supporting every step of the journey from creating a vision and plan through to project managed development, implementation, transition as well as continuous improvement and support.
For these reasons and more, ProcessFlows should be your trusted partner to support your process and business transformation projects.
Find out more by clicking here.
From global enterprises and government departments, to local small businesses, here are some of our customers that have partnered with us, using Process Automation to transform their business with digital and automated operations. Click the logos to download the Case Studies.
To read all of our success stories, visit our Case Studies page.
We offer no-obligation, free of charge assessments, consultations and business cases to help you identify the right solution for your organisation. To find out more or to book a consultation, please call +44 (0)1962 835053, email enquiries@processflows.co.uk, or fill in the form below.
Thank you for your interest, we look forward to working with you.
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ProcessFlows transition to Konica Minolta – FAQ
/in News & Insights /by ProcessFlowsHere is a simple Frequently Asked Questions page to assist you regarding the transfer of ProcessFlows business activities to Konica Minolta Business Solutions (UK) Limited .