Accounts Payable pain, exceptions and inefficiency

Accounts Payable has a simple purpose and structure but scratch the surface and you will find a complex world of part-automation or manual processes in every organisation.

AP teams have to deal with a long list of manual tasks and exceptions, errors, unstructured data or missing information, data entry or rekeying, matching and approval failures, missed early payment discounts, internal or supplier query handling as well as reporting requirements. This is where the real pain and opportunity is.

85% of an Accounts Payable professional’s time is spent transaction processing
AIIM 2019

The total cost & burden on AP teams and the business

• 85% of an accounts payable professional’s time is spent transaction processing
• Two thirds of all invoices needs some form of manual intervention
• Average invoice processing cost is £6/invoice – but the real cost is over £20 once indirect costs are included
• 1% of all payments are duplicate or over payments. Manual invoices processes are a target for fraud

Rethink Accounts Payable with ProcessFlows AP Automation as a Service

• Pay as you go; Our intelligent AP automation as a service delivers you better AP results as a Pay-As-You-go service without any upfront software investment
• Get better results; we guarantee higher automation levels with less manual interventions through a unique combination of automation as well as artificial and human intelligence delivered as a service
• Live in 30 days; Our AP automation platform is pre-configured to AP and business process best practice and delivered securely via the cloud. Activation takes minutes and integration a few days

• New efficiencies: Remove manual entry, intervention and inefficiencies, with a fully-automated pay-as-you use intelligent invoice processing service
• Unlock your true potential: Speed up processing, accelerate the number of invoices processed and liberate staff to perform value-add tasks
• No capital investment, flexible pay-as-you use options: Enables transparent usage-based pricing and eliminates upfront capital investment
• New levels of performance: A unique combination of artificial and human intelligence delivers new levels of accuracy and automation in data capture and processing

• Rapid deployment: Deploy the solution in less than 30 days; no installation with minimal configuration and integration requirements
• No IT expertise required: We manage the solution for you including integration with your existing systems, and with training included as standard
• Seamless: Integrates with your existing finance systems
• Compliant: Built-in tracking and archiving capabilities for compliance and fraud prevention
• Flexible: Out of the box service, which can be tailored to your requirements

Take the first steps towards a exceptional AP performances at lower cost

ProcessFlows have over 30 years’ experience and successes supporting UK customers to overcome their toughest AP challenges. Our broad portfolio of industry leading solutions is built for the future of finance: from Intelligent invoice capture & extraction to modular AP & P2P automation solutions; either in the cloud or on-premise, Out of the box or bespoke solutions or even delivered as a outsourced task, skill or process. We have the right solution for you

Download our AP Automation as a Service brochure or Contact us today for your free of charge, no obligation consultation and business case for change

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Proven Track Record in delivering AP results

ProcessFlows is a trusted partner and specialist in a Account Payable automation.

We have more than 30 years’ experience and successes supporting UK customers to overcome their toughest AP challenges.

We have the right solution for your business. Our broad portfolio of industry leading solutions is built for the future of finance: from Intelligent invoice capture & extraction to modular AP & P2P automation solutions; either in the cloud or premise, Out of the box or bespoke solutions or delivered as a outsourced task, skill or process.

Our extensive end-to-end capabilities from consultants and implementation teams to our own developers and support teams ensures we deliver the very best customer experience and results.

ProcessFlows are part of the Konica Minolta group, a £6 Billion global organisation with over 20,000 customers in the UK alone. This provides us with the perfect combination of global scale, depth, reach and security with the ProcessFlows established record and expertise in Accounts Payable Automation and services.

Contact us today to book a no obligation and free of charge Accounts Payable automation consultation here.

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Accounts Payable Automation Trends & Statistics

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