An accounts payable automation system can significantly improve productivity, reduce costs, and increase transparency. It can reduce the time spent processing invoices by up to 4 hours per week. Digitizing invoices through such a system can reduce invoice processing costs by up to 67% and provide payback within 12 months for 60% of installations. Key benefits include improved monitoring of invoice status, increased searchability of invoice details, reduced duplicate and lost invoices, and more efficient invoice approval workflows.

1. Accounts Payable Automation
What are the real benefits??
80
Specific Invoice
IMPROVE
PRODUCTIVITY & REDUCE
% fields & Information
THE TIME TAKEN TO PROCESS can be made
INVOICES BY UP TO
SEARCHABLE
ON TOP
4 HOURS
The average Invoice
time an office OF THESE MAJOR SAVINGS…
worker wastes the biggest benefit reported
PER WEEK searching
for files…
is better MONITORING and
TRANSPARENCY of invoice
status.
60 %
RESEARCH has shown that
digitising your documents
-67%
can REDUCE
INVOICE of accounts payable
PROCESSING installations provide
COSTS BY payback in 12
months or less
Streaming invoices through an Accounts Payable System achieves a
50% “hands-free” throughput on average
NO LARGE up front investment in technology or on-site servers
= easy implementation
Businesses that have adopted
Accounts Payable Automation
30% fewer duplicate invoices
technology reported 58% fewer lost or misfiled invoices
This
means they
An Online Accounts
Payable Solution is
simply pay
cloud based enabling for what
businesses to use
Processing they use…
the Software PLUS
invoices in the
as a Service
cloud eliminates staff are freed
(Saas model)
costs of a server, software, from the
and hardware error-prone
maintenance work of keying
invoice information.
Benefits of Accounts Payable Automation
PROCESS EFFICIENCIES: Improves office
COST & TIME SAVINGS:
efficiencies and ensures invoices are paid
Research has shown that
ON TIME. Processing and approving
businesses that use an
invoices is simplified and invoices can be
automated accounts
managed more effectively. There is an
payable solution can
audit trail of invoices processed. Efficient
cut the cost of invoice
workflow within the Accounts Payable
processing by up to
system enables invoices to be sent directly
67% per invoice.
to the authorised person for payment.
COMPLIANCE: Digitising your
IMPROVED VISIBILITY & CONTROL:
documents improves compliance.
Benefits are felt at numerous levels
The solutions available can be built
throughout a business in terms of
around an organisation’s retention
freeing up space and time, facilitating
and destruction policy.
accessibility and knowledge sharing,
promoting staff flexibility and enabling
www.kefron.ie better business continuity.