Know more about our solution: https://goo.gl/gR3oVw Accounts Payable (AP) Automation is a solution developed within IFS that streamlines Invoice Processing Approvals Workflow Payment Processes For the accounts payable Department

1. Accounts Payable Automation (APA)

2. Get on our AP Automation and get rid of paper based manual time consuming
invoicing processes

3. Accounts Payable (AP) Automation is a solution developed within IFS that stramlines
Invoice Processing
Approvals Workflow
Payment Processes
For the accounts payable Department

7. Benefits of AP Automation
Improves turnaround time of invoices
Efficiently streamlines interaction between
business units and back-offices
Reduces cost per transaction by simplifying
the process
Eliminates possible manual errors while
invoices processing
Provides accurate cash forecast, by
ensuring only invoices that are legitimate
and accurate are paid efficiently
Provides clear visibility of the invoice
process to all stakeholders
Strengthens vendors relationship
Problems/Challenges
• Manual Processes lead to high turnaround time
• Coordination between business units and back-offices further
result in delays
• High workload involved in manual invoice processing results
in increased costs
• Manual invoicing is error-prone
• Cash forecasts lack accuracy due to lack of visibility on
legitimate invoices
• Lack of transparency on payment status results in
unnecessary follow ups (internally and externally) and adds
to administration time

8. The AP Automation Process Starts after the invoice is received and ends with posting of
the approved invoices in the accounting system
• Invoices are scanned, emails are captured
• Invoices data is captured & verified for accuracy
• Auto-rotating & hierarchy approval rules
• Invoices are electronically routed for
• Approved invoice data transferred to IFS Application

9. Get on our AP Automation and get rid of paper based manual time consuming
invoicing processes