Enterprises are increasingly recognising that paper and people-based processes lead to high AP transaction costs and missed business opportunities. Common issues include manual data entry, inefficient processes, lost or missing invoices, high discrepancies and exceptions, and an inability to capture all supplier discounts.
Accounts Payable Automation for Enterprises
Kofax PROCESS DIRECTOR features:
- Automatically extract information from incoming invoices.
- Works with any invoice format – paper, e-mail attachments, and XML files.
- Validates the invoice and transfers the metadata and image file to PROCESS DIRECTOR/SAP.
- PROCESS DIRECTOR for Accounts Payable (PD AP) serves as mission control for all invoices entering your SAP system.
- PD AP automatically matches invoice information against purchase orders and master data in SAP.
- PD AP speeds up invoice processing, improves exception handling, and increases staff satisfaction.
- Automates invoice approval and coding through an electronic workflow solution.
- Invoice data and images are accessed in electronic format for query resolution and approval.
- Access your SAP invoice approval workflow from your mobile devices.
- Approve or reject invoices in question, or add comments, on the go.
- Automatically process EDI invoices in SAP—even those with errors.
- Error-free electronic invoices are posted automatically.
- EDI invoices with errors are transferred automatically to PD AP for processing using your standard error-handling routines.
Key Benefits of Accounts Payable Automation:
- Reduced invoice processing costs through automation.
- Optimised productivity and faster invoice processing via data capture and workflow solutions.
- Touchless processing of both purchase order (PO) and non-PO invoices, focussing only on exceptions.
- Efficient reporting enables reliable analysis and KPI measurements for continuous improvement.
