Streamlining Paper-Based AP Process with AP Automation

AP automation is the most practical solution for streamlining all accounts payable processes and remove up to 80% of manual processes. Highly intuitive AP automation software can efficiently automate a huge bulk of invoice-to-pay-to-reconciliation accounts payable process allowing companies to scale their operation and meet targeted operational growth.
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With continued innovation in technology, companies can now manage huge volumes of invoices and financial transactions between a company and its suppliers with the help of accounts payable automation software. This will help the business improve its efficiency and the accuracy of every AP department while providing valuable support with other accounting tasks such as financial closing

AP automation system, an effective technology

To thrive in the modern business world, every finance professional need to minimize their laborious and often repetitive workload in order to maximize the time they spend executing essential business strategy. By utilizing effective technology such as AP automation system, all menial processes of your operations can be efficiently automated. This will help you save time and mitigate human error and scale operations rapidly without adding staff. Before the introduction of specialized software in the market dedicated for this type of business task, accounts payable processes have largely relied on paper – based approach. But with fast growing demand and constantly shifting market, this type of approach to managing AP processes will never be able to keep up with ever increasing volume of repetitive tasks including invoice processing, processing and reconciliation, tax compliance, early payments, vendor payments and other related activities.

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Further reading: A buyer’s guide to AP invoice automation solutions 


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Go paperless and go digital

AP automation software also offers companies the opportunity to go paperless and switch to electronic invoicing. The initial point of every accounts payable process is receiving the vendor’s invoice or request for payment. This is a very important point because even the smallest mistake in invoice processing can affect the entire workflow. What makes it more complicated is that there are no universally standardized method for invoice capture. These invoices may come as JPGs, DOCXs, PDFs, PNGs, emails, faxes. Some vendors even send a physically mailed paper invoices. This can be very time-consuming to have your AP department consolidate all varied invoices with sorting and scanning.

Streamline your business processes

As a finance professional, you need to understand the efficiency of being able to flow all your transactions directly to your system. AP automation software gives you the opportunity to have a one click solution to sync up all your transactions allowing you to have a more efficient way of running your business. And with the ever-increasing demand for more efficient business processing, it is vital to have a system that not only works but allows you to efficiently perform several business processes at the same time.

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Tack vare MediusGo Expense sparar Fly-Dressing flera timmar i månaden

Fly-Dressing efterfrågade en smart lösning för att förenkla och automatisera deras hantering av utlägg och reseräkningar. Det var viktigt att den nya lösningen kunde automatisera hela processen, från köp till konterat utlägg. Fly-Dressing valde MediusGo Expense då den digitala tjänsten samlar alla underlag i en app och automatiserar flödet till deras lön- och ekonomisystem. Utläggen kopplas även automatiskt mot tillhörande kreditkortsfaktura i MediusGo som därför konteras upp automatiskt med snabb åtkomst till kvittokopiorna.

eBook: A Buyer's Guide to an AP Invoice Automation Solutions

The 6 step checklist to get started with AP automation to secure your cashflow and enable a remote workforce.

On-Demand Webinar! Learn how to digitize and automate your accounts payable with MediusGo.

Learn how your company can digitize and automate your AP process, to cost effectively give you more flexibility (remote access), and visibility that will save you time and resources.