What would it mean for your business if you had 100% visibility into your entire invoicing and payments process?
Accounts Payable (AP) automation streamlines invoice processing, the approvals workflow, and payment processes of your accounts payable department. Manual and paper processes can severely slow down the payment cycle. Automating your accounts payable process could reduce invoice processing costs by 80% and strengthen the relationship between vendors and suppliers.
Whether you are a small business or a large public enterprise, automating your accounts payable process could eliminate costly, time-consuming manual tasks. An AP automation solution removes processing bottlenecks, secures an audit trail for compliance, and improves visibility throughout your supply chain.
Paper and manual handling slow down the purchase order process. Remove both with our automated purchase order solution that electronically creates POs, automatically routes them for approval, and transmits them to suppliers. If you don’t currently use manual or electronic purchase orders, you’re relinquishing cost-saving benefits.
Reduce the cost, time, and errors inherent in manual, paper-based processes by shifting to electronic invoicing. Corcentric gives you the ability to create a solution that fits your unique business, including configuration of rules, parameter and threshold definitions, online supplier portal, and scan and capture capability as needed that turns paper invoices into e-invoices.
Automating the approval process can reduce invoice processing time by up to 70% and eliminate the possibility of duplicate payments. Ensure accuracy and timing of payments through Corcentric’s automated three-way match capability that matches invoices to POs and receipt of goods, without human intervention.
An ERP system’s primary purpose is to help employees do their jobs more efficiently by breaking down barriers between business units, increasing efficiency, and providing better visibility for management, finance, and accounting. One key struggle companies have is to integrate their ERP system with their other systems to meet growing business demands.
Corcentric integrates seamlessly with any ERP or accounting system so you can transfer data to and from your financial system with little to no strain on your IT resources.
Our Payables Automation Solutions seamlessly transmit data to and from your financial system through our proprietary processes. This is accomplished with minimal effort from your internal IT staff, as there are no laborious synchronization processes and no complex data extraction algorithms required for integration.
Centralize and manage 100% of your payments electronically with our integrated payment services via ACH, wire, vCard/p-Card, or check. Automated payments cost an average of $2.94/invoice vs. $15.96/invoice with manual processes. Plus, you will significantly reduce the chance for check fraud.
Automate your entire purchase-to-pay cycle for easier purchasing and faster invoice processing
Finding the right accounts payable solution that meets your business requirements is difficult, which is why we designed an AP automation solution that is not just powerful, but also easy for anyone to use.
Corcentric Accounts Payable Automation Enables You To
Standardize the coding and approval workflow so your AP teams can move invoices from receipt to payment faster, and with fewer errors.
Your accounting teams can get ahead of total budget spend reconciliation and relieve those pain points that inhibit efficient and accurate.
By automating the payments process and eliminating manual check runs, your finance team can focus on business strategy and analysis for improving profitability.
Swap the complexity and friction of paper-based, manual invoice processing for the efficiency, speed, and ease of a digital, automated system.
Shorten invoice processing time by 70%
Reduce invoice processing costs by 80%100%
Gain insight into outgoing payments with 100% visibility