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Why Healthcare Industry Needs To Automate The Accounts Payable Process?
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Why Healthcare Industry Needs To Automate The Accounts Payable Process

Apr 12, 2017

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Adriene Raynott
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Page 1: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Why Healthcare Industry Needs To Automate The Accounts

Payable Process?

Page 2: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Effective and Productive Management

A c c o u n t s P a y a b l e i s a f u n d a m e n t a l p r o c e s s o f f i n a n c e a n d b u s i n e s s . T h e

a u t o m a t e p r o c e s s g i v e s a w a y t o t a k e t h e i m p o r t a n t f i n a n c i a l d e c i s i o n s w h i c h o f

c o u r s e p a y s t h e p r o d u c t i v e b u s i n e s s m a n a g e m e n t .

Page 3: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Reducing and Eliminates the manual tasks

o n t h e m a n u a l b a s i s b u t i t n e e d s t o b e i n f a s t e r p r o c e s s . M o v i n g t o a u t o m a t i o n ,

s p e e d u p t h e f i n a n c e w o r k w i t h i n a c c u r a c y w i t h o u t a n y d e p t h m a n u a l i n t e r f e r e n c e .  

H e a l t h c a r e A c c o u n t i n g P a y a b l e p r o c e s s s t i l l

Page 4: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Advanced Data Capture and Workflow Techniques

I n a u t o m a t i o n s y s t e m s , t h e r e a r e s o m e a d v a n c e d d a t a c a p t u r e a n d w o r k f l o w t e c h n i q u e s w h i c h m i n i m i z e c o s t s a n d

i n e f f i c i e n c i e s . T h e i r g o a l i s t o m a k e t h e p r o c e s s m o r e p r o d u c t i v e .

Page 5: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Advanced Analytical Tools

T o o p t i m i z e t h e a c c o u n t i n g a n d f i n a n c e p r o c e s s , a c c o u n t s a u t o m a t e t e c h n o l o g y h e l p s i n e l e c t r o n i c i n v o i c e d e l i v e r y a n d d o c u m e n t m a n a g e m e n t f o r s a v i n g t i m e .

Page 6: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Real World Enhancement

D o c u m e n t a t i o n , i n v o i c e m a n a g e m e n t , m i n i m i z a t i o n o f h u m a n a n d o t h e r d e l a y s

a r e c o m m o n . F o r a h e a l t h c a r e o r g a n i z a t i o n , t h e y c o u n t a s c h a l l e n g e s

a n d a u t o m a t i o n o f t h e s e f u n c t i o n s e n h a n c e s t h e p e r f o r m a n c e .  

Page 7: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Helps To Attain Cost-saving Improvements

D u e t o a d v a n c e d a n a l y t i c t o o l s a n d l e s s p a p e r w o r k , i t e n a b l e s t h e i n d i v i d u a l

D o c t o r s , H o s p i t a l s , C l i n i c s t o a n a l y z e t h e p e r f e c t w a y o f c o s t - s a v i n g . F u r t h e r , i t c a n

h e l p i n b u s i n e s s g r o w t h .

Page 8: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Performs Sophisticated Tax Calculations and Verifications

T h i s i s i m p o r t a n t a n d v a l u a b l e f o r a c c o u n t a n t s t o o . A s a b u s i n e s s g r o w s , t a x

c a l c u l a t i o n a n d v e r i f i c a t i o n i n c r e a s e s i m u l t a n e o u s l y . S o , i t w o r k s a t t h e

b a c k e n d t o c a p t u r e t h e i n t e l l i g e n t d a t a a n d i n v o i c e i m a g e s f o r e x t r a c t i n g

i m p o r t a n t d a t a .

Page 9: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Ensures Invoice Accuracy, Safety and Accounting

T h e m u l t i - l e v e l i n v o i c e s y s t e m a n d s p e c i f i c a c c o u n t i n g p r o c e d u r e s e n s u r e

h i g h e r a c c u r a c y , d a t a s a f e t y , a n d s e c u r i t y .

Page 10: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Centralized and Streamlined Accounts Payable Process

A c c o u n t s a u t o m a t i o n p r o c e s s h a s t h e s y s t e m w h i c h s t r e a m l i n e s t h e a c c o u n t i n g

p r o c e d u r e s a n d m e t h o d o l o g i e s i n t o a c e n t r a l i z e d f o r m .

Page 11: Why Healthcare Industry Needs To Automate The Accounts Payable Process

Easy Combination of Hardware, Software and Business System

W i t h a n e a s y c o m b i n a t i o n o f h a r d w a r e a n d s o f t w a r e t o o l s , i t e n a b l e s s i m p l e b u s i n e s s

s y s t e m m a n a g e m e n t b y w h i c h o n e c a n e a s i l y u n d e r s t a n d t h e w o r k i n g p r o c e s s

Page 12: Why Healthcare Industry Needs To Automate The Accounts Payable Process

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