Invoices are scanned, emails are captured
Are you relying on an Accounts Payable (AP) process that is manual, paper based and time-consuming?
This is the time to automate your Accounts Payable and uplift the business performance.
Accounts Payable (AP) automation solution streamlines invoice processing, approvals workflow, and payment processes of the accounts payable department. The solution eliminates manual and paper processes that usually slow down the payment cycle and reduces workload by 80%.
Accounts payable department plays a pivotal role in providing accurate cash forecasts by ensuring only invoices that are legitimate and accurate are paid efficiently which in turn strengthens the relationship between vendor and supplier.
How it works?
AP automation in IFS ERP encompasses the activities starting from generating a Purchase Order/Requisition, then approving the PO, receiving the goods/services and the invoice, importing/entering the invoice, matching the PO, posting the invoice in the accounting system, authorizing payment and executing the payment itself.
AP automation is the process segment that starts after the invoices arrive at the entities and ends with the posting of the invoices in the accounting system.