Supplier invoice management

Need: A new supplier invoice management process to prevent teams manually entering invoices.

Description: An organisation currently spends a large amount of time manually inputting supplier invoices into its current finance system. As supplier invoices contain several item lines and VAT rates, the invoices are prone to human error which is having a detrimental effect on accuracy of data.

Strategy: Financial Transformation

Solution: Integrating a Cloud Accounting system with an AP Automation tool will enable the organisation to transform their supplier invoice management by automating the whole process. Invoices are scanned and automatically posted to ledgers, meaning teams no longer need to manually input invoice data into the system. Furthermore, the organisation can regain control of the supplier invoice process by utilising approval workflows that will improve posting accuracy.

Benefits

• Decrease in the amount of time spent processing supplier invoices which will allow the AP team to be further utilised
• Increased accuracy of postings to ensure Tax compliance and better reporting analysis
• Electronic attachments to improve audit trail requirements.