- Ensure timely payments
- Manage paper invoices
- Implement best practices
How Imaging & Electronic Workflow Transform AP special report introduces best practices for implementing an electronic process that will dramatically increase ROI. Click here to get your complimentary copy now!
Are you frustrated because invoices are not being paid on time? Are you inundated with phone calls asking for a status on invoice payments for invoices that aren't even in your system? Do you spend hours a day asking for fax copies of invoices or tracking down the original invoice with the person who ordered the product or service? Are you familiar with the "black hole" between the supplier and AP into which these documents disappear? AP is held responsible for the invoice cycle time and late payments, yet it has little to do with several parts of the process. It does not matter that an invoice was collecting dust in some approver's in-basket for a month. When the payment is late – for whatever reason – it is AP's fault!
AP touches just about every organization within the company. The first bottleneck in most payables processes is receiving the original invoice in Accounts Payable. Even though companies require vendors to send the invoice to Accounts Payable, it is usually addressed to the person who placed the order. When the requestor receives the invoice, it then goes in the in-box until prompted by the supplier or AP, by which time the invoice has become past due.
When the invoice is late being paid, calls come into the Accounts Payable Customer Service Team. When the invoice payment does not show up in the AP system, their only choice is to request another copy of the invoice. That is the beginning of more problems, including duplicate payments. Many companies have three to five copies of the same invoice circulating around at one time, further adding to the potential for duplicate payments and AP fraud.
What should AP do?
AP needs to implement a process that converts paper invoices to an electronic format that is within its span of control. The answer: Imaging and Electronic Workflow.
Receive your complimentary copy of How Imaging & Electronic Workflow Transform AP and learn how your AP department can start reaping the benefits of Imaging and Electronic Workflow with facts and an improved knowledge system to help make better decisions. This 32-page in-depth, special report will:
- Provide you with the tools to manage and track all paper invoices
- Help you gain control and reap great results
- Provide data that allows AP to be proactive rather than reactive
- Support your requests with facts and eliminate finger pointing
- Show that AP is performing their job
- Demonstrate where the process needs redesigning
- Move AP from paper pushers to a business partner
This information-packed report will help you discover how to:
- Ensure that payments are made on time
- Avoid late payment fees and take advantage of early-payment discounts
- Improve supplier relations, allowing purchasing to do spend analysis and negotiate better pricing, terms and delivery
- Enhance APs image as a business partner
- Take the necessary steps to implement an imaging and workflow system
- Implement best practices for imaging and workflow
- Understand the time frame and analyze your return on investment for an imaging and electronic workflow system
- And, and much, much more!
This valuable report is available at no charge for a limited time. Get your copy today!
About The Accounts Payable Network
The Accounts Payable Network (TAPN) is the leading resource for helping accounting and finance executives meet their commitments to accounts payable business process performance. With TAPN's robust database of original AP content, calculators, AP business tools, white papers, case studies and current Accounts Payable News from around the world, members have unrestricted access to critical information guaranteed to help them make smart business decisions.
Members tap into the best practices and benchmarking data they need to measure and improve
accounts payable processes for optimum efficiency and cost-savings. Management strategies, technological solutions and essential tools help save member organizations time and money and make individuals more effective leaders. Current accounts payable news provides insights and keeps members on top of the latest AP developments. Focus areas include best practices for all AP functions, AP metrics and benchmarking; tax and regulatory compliance; solutions to real-world problems; AP automation; case studies; member Q&A networking forums and more than 250 downloadable, customizable AP policies, flowcharts, templates and internal-control checklists.
The Accounts Payable Network helps members avoid mistakes when selecting or implementing new technologies and suppliers. TAPN's tools help compare vendors, find new ways to streamline operations, take advantage of educational opportunities, and best of all, gain an unparalleled opportunity to share problems and solutions with peers "in the trenches" by joining the public and private forums and discussion groups.
The Accounts Payable Network is completely independent and is not owned by or affiliated with any industry supplier. For information, contact The Accounts Payable Network, 2100 RiverEdge Parkway, Suite 380, Atlanta, GA 30328, 770-984-1184, www.TheAccountsPayableNetwork.com.
About Hyland Software
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Hyland Software, the developer of OnBase, is one of the largest independent software vendors in the world of enterprise content management (ECM). An award-winning suite of document and process management solutions, OnBase has a proven record of solving problems resulting from time consuming, costly and error-plagued manual tasks. It integrates with line-of-business systems like accounting and enterprise resource planning (ERP) software like SAP® and Oracle® to connect data, documents, people and processes. OnBase gives you a central location to access content and manage business processes like invoice processing, procurement and shipping.
Today, people at more than 7,500 organizations both large and small in 47 countries have the time to do the things that really add value thanks to OnBase. Available on-premises or as Software-as-a-Service (SaaS), OnBase installs quickly, cost effectively and is designed to grow with organizations.
Don't miss out on this limited-time offer to discover how ROI calculations can help you analyze if transitioning to an automated solution is cost justified and can contribute to your bottom line in a relatively short time period.
Receive your no-cost copy of How Imaging & Electronic Workflow Transform AP now.
Are you AP certified? This report qualifies for 2 CEUs for the IOMA/TAPN Accounts Payable Certification Programs.
