AP Automation

AP Automation

One of the biggest headache for management is not having AP done in a timely manner.  This is very frustrating at the end of the month when they need to get reporting done.   Then you have vendors that are wanting to get paid and you also have purchasing department that cannot get materials in because of lack of payment to vendors.    This is a huge problem and seems like would be a easy fix and in reality it is but the problem with the easy fix is that it cost a lot of money to do AP Automation.   You might need to have approvals or other things to make sure that the AP is getting put into Accounting Software.   That is when Prediction Accounting comes into play and gives you the options that you are looking for.   So, the way that the AP Automation works is that the invoices are either sent by email or uploaded and then sent by email.   We will then work on a collaborative document to make sure that these are valid expenses and are approved to be put into the system.   During that night these invoices will be automatically coded and a CSV or a API connection will be created.   Then when you arrive in the morning and look at your accounting software you will notice that the AP invoice is in the system.    Then based off their terms you will determine when we will pay these.   We will also set up analytics and predict when the invoices will be paid.    Then we can either cut the checks and perform the wires for you or you can do them.   This is a value added service so you only pay for the services that you use and feel like we are contributing to your business

Vendor Cycle

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