Enterprises are increasingly aware that paper and people-based processes lead to high AP transaction costs and missed business opportunities. Problem areas include manual data entry, inefficient processes and manual routing of invoices for review and approval. Other issues are lost or missing invoices, a high number of discrepancies and exceptions, an inability to see outstanding liabilities and an inability to capture all discounts offered by suppliers.
Accounts Payable Automation
Kofax PROCESS DIRECTOR features:
- Automatically extract information from the incoming invoic.
- Any invoice format – Paper, e-mail attachments and XML files.
- Validates the invoice and transfers the meta data and the image file to PROCESS DIRECTOR / SAP.
- PROCESS DIRECTOR for Accounts Payable (PD AP) is mission control for all invoices entering your SAP system.
- PD AP automatically matches information on your invoices against purchase orders and master data in SAP.
- PD AP speeds up your invoice processing, improves exception handling and improves staff satisfaction.
- Electronic workflow solution to automate invoice approval and coding.
- Invoice data and invoice images are accessed in electronic format for query resolution and approval.
- Access to your SAP invoice approval workflow from your mobile devices.
- Approve or reject the invoice in question or add a comment.
- Automatically process EDI invoices in SAP—even if they have errors.
- Error-free electronic invoices can be posted automatically.
- EDI invoices with errors are transferred automatically to PD AP for processing using your normal error-handling routines.
Key Benefits Include:
- Reduce invoice processing costs through automation
- Optimise productivity and make invoice processing faster with data capture and workflow solutions
- Touchless processing of both purchase order (PO) and non-PO invoices, allowing you to focus on exceptions only
- Efficient reporting enables reliable analysis and KPI measurements to facilitate continuous improvement
