Auto-AP Accounts Payable Automation

Eliminate manual data entry and digitally automate your accounts payable invoice processing.

Manual Invoice Processing is Expensive…

On average, accounts payable departments spend $18.27 to process each invoice it receives, some companies are as high as $80 per invoice!*

* 2010 Aberdeen study

A significant portion of this cost is tied to the manual data entry into your accounting system and managing your accounts payable process fulfillment via paper! From opening the mail to finding out where that invoice is to obtain your early-pay discount, your accounts payable team spend a lot of time and energy just to get that invoice paid.

The Recordsforce Auto-APTM Difference:

Our SOC compliant, turn-key solution completely automates your accounts payable invoice processing. Utilizing our accounts payable document scanning services and advanced invoice OCR technology, your organization will enjoy many benefits, realizing a quick return on investment, with a minimal total cost of ownership:

• No capital expense required!
• Eliminate all mail handling labor costs
• Eliminate manual data entry & automate accounting system invoice data population, including:
  • Header and line item data extraction
  • Line item matching & validation
• Greatly reduce manual data entry errors
• Increase likelihood of obtaining early pay discounts
• Avoid late pay surcharges
• Increase transparency of invoice processing to vendors and peers
• Integration with ERP accounting systems like SAP, Oracle, Dynamics GP, JDEdwards, Lawson and many more

Add in the workflow capabilities of our content management system, FileBound On-Demand or FileBound On-Site, and gain even more savings and productivity:

• Accelerate approval processing time
• Provide fingertip visibility into process bottlenecks
• Promotes better responsibility and accountability
• Better visibility into structure and weaknesses of business process
• Complete reporting and process audit trail

Not sure whether to start scanning your invoices before data entry or after you process them? Check out our Invoice Timeline to learn “when” is the best time for your scanning program to start!