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The Four Levels of Accounts Payable Automation

May 24, 2015

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Business

Corcentric

If you have been considering automating your accounts payable department but were concerned that it might be a difficult transition, this presentation will show you the four levels of automation – and the step-by-step way on how to get there.
During this presentation, you will:
• Discover how paper-based processes create inefficiencies
• Learn how to take the first steps in moving from manual to automated workflow
• See how best-in-class companies utilize automation
• And more…
If you want to move your department from entirely paper-based to fully electronic processes, then you must view this presentation
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Transcript
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Closing statement slide: Automation increases efficiency and transforms the role of AP from being a data entry shop to being a strategic asset.

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Companies using paper take almost 4 times longer to process an invoice.

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Supporting Fact: …56% businesses experienced higher cost saving per invoice by implementing e-invoice systems then those that did not.

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Next Steps

What’s next after invoices are electronic?

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APPROVED INVOICE/AP REVIEW

AP System

FIRST LEVEL APPROVER

HIGHER LEVEL APPROVER

ELECTRONIC INTERFACE

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Match Rule Exception Workflow

APReceiving

RequisitionerPurchasing

Invoice Data

PO and Receipt

of Goods

Exceptions

ERP

Straight Through Processing

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