Accounts Payable Automation
Onboard your invoices, and automate your accounts payable workflow with Recordsforce.
Increase your bottom line with a lower cost per invoice.
Lowering the cost to pay an invoice is just one of the benefits from letting Recordsforce automate your AP process. Did you know the average cost for a company to receive, approve and pay an invoice is over $15.60! For some, it could exceed $38.75 per invoice. This number can be reduced considerably with automation.
Let Recordsforce help you upgrade you to the best practices in the industry.
- Lower your cost per invoice by as much as 65%
- Enhance visibility and control
- Return on investment in as little as 6 months
- Improve data accuracy by leveraging invoice automation software
- Complete customization of your accounts payable process
- Faster monthly, quarterly, and year-end closes
- Eliminate handling of paper invoices from your AP process
- Integration with any ERP
- Secure yet distributed desktop invoice access
- Collect and analyze data that is acquired instead of throwing it away
- Route Invoices to any person in your company automatically – unlimited users
What is Accounts Payable Automation?
Accounts Payable Invoice Scanning
Go paperless and eliminate the data entry of invoices into your ERP. Manual data entry and filing physical paper invoices are side effects of not using best practices for your invoice approval and payment processes. Our SSAE-18 compliant Accounts Payable Scanning Solution helps you quickly integrate the power of automation into your accounts payable process. Our top of the line document scanning technology is the fastest way to leverage automation in your day-to-day processes. Drastically reduce the time spent searching for and entering information in your invoices and automate your entire accounts payable process.
Invoice Scanning Process
1: Retrieve Invoices
Recordsforce will collect all incoming invoices (hard copy & digital)
2. Capture Images
We digitize all paper invoices, extract all emailed invoices, and prepare them for data extraction
3. Extract Data
Required invoice data is extracted automatically using OCR, AI, IDC in concert with your business rules.
Quality review and validation process ensure completeness and accuracy of invoice data
Delivery to your system formatted ready for import directly into your ERP or workflow.
Accounts Payable Approval Workflow
Manually delivering and collecting invoices for approval is not a best practice for your AP department. It lacks visibility, accountability and control. Recordsforce’s Accounts Payable Workflow automates your invoice processing management. Invoices are distributed securely to proper users, and forwarded through successive steps automatically. Invoices can be prioritized based on specific criteria, and transparency into each task within the process is available. Recordsforce’s Accounts Payable Workflow aims to accelerate completion and drive accountability into your organization’s accounts payable process.
Accounts Payable Shared Services
Creating a Shared Services capability allows your company to combine the AP departments of multiple operating entities or even separate business units into a single layer AP Shared Services center. Recordsforce provides outsourced invoice processing with a turnkey solution that enables your Shared Service center to immediately take over the invoice processing for multiple separate AP groups, while improving the efficiency and accountability of invoice approvals and payments.
HIPAA Compliant Accounts Payable Services
HIPAA compliance is vital for anyone working in the healthcare industry. With Recordsforce you can be sure that your document retention processes maintain HIPAA compliance. Whether it be HIPAA compliant invoicing, document retention, or another process related to paper, put the Recordsforce experts in your corner and be sure that you’re staying compliant.
Since its creation, Recordsforce has worked side by side with every size of medical practice, with a stellar record of success. Wherever you stand in your paper practices, rest assured that the Recordsforce team has the years of experience and know-how to help you with all of your file scanning needs.