AP Automation eliminates the need for paper checks
Few of us use checks in our personal lives anymore. We have quicker, safer solutions that we’ve all adopted. AP Automation is the faster, safer solution in this case. When payments are made electronically, like an ACH payment, it is routed through an intermediary. Meaning your account info isn’t floating around out there.
AP Automation helps solve your access issues
Everyone from the President on down uses personal devices to access information. It’s not the most secure way to work, but it’s what we’ve gotten used to. AP Automation solutions provide a way to do that safely.
An automated AP system controls access and restricts use to authorized personnel. It also tracks changes made within the system, vastly improving your visibility into who is accessing and making changes to your data. Now you can easily see where wires get crossed and what may have been affected so that, in the instance of a mistake, any issue can be resolved before it becomes a larger problem.
Better visibility of your process - less chance of fraudulent behaviors
Accounting teams are constantly struggling with reporting because of various inconsistencies throughout the entire process. There is no need to reinvent the wheel all over again and get the entire financial reporting system jammed constantly.
Centralize all paperwork in one unique data hub with the help of AP Automation solutions.
By increasing visibility over the entire financial process, you will get helpful insights through your accounts payable solution’s advanced analytics.