AP automation software can free up employees to focus on more important analytical tasks. Before you do anything else, you want to identify your specific objectives in … 1. Accurate financial reports, less errors means easier preparations. Interested in seeing what IntelliChief can do for your business? Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer. AP workflows are suddenly much less labor-intensive, and much easier for your employees to manage. Any bill. If a supervisor needs to conduct a final sign-off, we can route the invoice to his or her inbox and send a notification. Companies that adopt paperless AP strategies stand to save thousands of dollars in reduced invoice processing costs and earned early payment discounts. Nearly every step in the accounts payable process involves paper-based documentation. Any format. Now that you've improved the overall effectiveness of your financial and human resource management by implementing Microsoft Dynamics 365 for Operations, it's time to address that growing pile of paper that's being produced, stored, and recycled. We use ProContractor by Viewpoint and are paperless as far as AP goes. Determining the optimal ways to keep cash in the business for other expenses and investments. This field is for validation purposes and should be left unchanged. These cookies are strictly necessary to provide you with services available through our website and to use some of its features. Rosemarie Palmer. Even with a real barrier, Yep is a great … It's a steppingstone to mastering your organization's digital transformation and staying competitive within the finance industry and beyond. Outsourcing allows for repurposing team members to more efficient positions within the company, freeing up your biggest asset. Identify your objective. But the benefits of paperless AP automation extend well beyond cost and time savings especially with a much larger percentage of people working from home. Paperless accounts payable software lets your accounts payable department track invoices and easily access information anytime during or after the approval process. 13095 North Telecom Parkway Truly taking your accounts payable department paperless means moving paper-based daily activities and office workflows to electronic ones. (“AP Invoice Management in a Networked Economy.” Aberdeen Group.). Some of our clients prefer to do the scanning themselves. Scanning paper invoices optimizes your business’s time and labor expenses. Orca had been talking about going paperless for years, but progress had been slow as there always seemed to be something more urgent. Accounts Payable processors may be concerned about changes to their responsibilities, and IT professionals often wonder how big of a hassle an implementation will be. The Big "Automation" Picture No more days spent sifting through piles of paperwork to find the exact document you need. Approval Processing Clothes are an internal control within the software. With multiple people having to sign off on transactions and invoices, missing money is more likely to be noticed sooner than later. We may request cookies to be set on your device. Read on Posted 04-17-2018 15:05 We are looking into moving over to a Paperless AP software for Sage 300. Since these providers may collect personal data like your IP address we allow you to block them here. Tipalti. When you transition to an automated accounts payable system, you’ll want to find a software solution that can do several things all at once. We need 2 cookies to store this setting. By Tipalti. Copyright © 2021 IntelliChief™, LLC. Phone: 813-971-9500, 120 Forbes Boulevard You can reap the benefits even more if you use a system that also automates some of the tasks, like the accounts payable process, so don’t have to manually scan invoices yourself. Careers Service & Support: 952.925.6868 Wouldn’t you love the option of more easily managing your cash flow because you can see day-to- day changes? If your Accounts Payable process is very manual and your invoice volume is high, going paperless is the best way to get control of your AP department. We have looked at a couple but our biggest roadblock is when the invoices are posted to Sage. Take the hassle out of AP with our automated platform. What started as a natural part of the digital transformation has turned into a proven way to save both time and money – something every company wants to achieve. You are free to opt out any time or opt in for other cookies to get a better experience. Tampa, FL 33637 0 Recommend. Allows you to actively monitor the payment process to its entirety. Then, by working hand in hand with your ERP, IntelliChief’s paperless accounts payable system can automatically validate your invoices and even process many of them straight through. Paperless purchasing & payment authorization workflows. Access documents from cell phones, tablets, and/or computers through the cloud with a few clicks of a mouse. Employee turnover often goes down as well. To take your accounts payable department paperless means letting go of paper-based activities everyday and instead converting office work flows to electronic systems. Automatic. Paperless AP Software for Capturing and Verifying Invoices and Routing Documents for Approval. We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Others prefer to have all their payments sent to a secure lockbox where we pick up and process every week day.