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Accounts Payable Automation
             What are the real bene鍖ts??


                            80
                                                                Speci鍖c Invoice
IMPROVE
PRODUCTIVITY & REDUCE
                                     %                          鍖elds & Information
THE TIME TAKEN TO PROCESS                                       can be made
INVOICES BY UP TO
                                                           SEARCHABLE
                                               ON TOP
4   HOURS
                     The average                                             Invoice
                     time an of鍖ce             OF THESE MAJOR SAVINGS
                     worker wastes             the biggest bene鍖t reported

    PER WEEK         searching
                     for 鍖les
                                               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 mis鍖led 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.



  Bene鍖ts of Accounts Payable Automation
                                       PROCESS EFFICIENCIES: Improves of鍖ce
COST & TIME SAVINGS:
                                       ef鍖ciencies and ensures invoices are paid
Research has shown that
                                       ON TIME. Processing and approving
businesses that use an
                                       invoices is simpli鍖ed and invoices can be
automated accounts
                                       managed more effectively. There is an
payable solution can
                                       audit trail of invoices processed. Ef鍖cient
cut the cost of invoice
                                       work鍖ow 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.
                                                 Bene鍖ts are felt at numerous levels
     The solutions available can be built
                                                 throughout a business in terms of
     around an organisations retention
                                                 freeing up space and time, facilitating
     and destruction policy.
                                                 accessibility and knowledge sharing,
                                                 promoting staff 鍖exibility and enabling
www.kefron.ie                                    better business continuity.
Ad

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Infographic Kefron Account's Payable Automation

  • 1. Accounts Payable Automation What are the real bene鍖ts?? 80 Speci鍖c Invoice IMPROVE PRODUCTIVITY & REDUCE % 鍖elds & Information THE TIME TAKEN TO PROCESS can be made INVOICES BY UP TO SEARCHABLE ON TOP 4 HOURS The average Invoice time an of鍖ce OF THESE MAJOR SAVINGS worker wastes the biggest bene鍖t reported PER WEEK searching for 鍖les 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 mis鍖led 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. Bene鍖ts of Accounts Payable Automation PROCESS EFFICIENCIES: Improves of鍖ce COST & TIME SAVINGS: ef鍖ciencies and ensures invoices are paid Research has shown that ON TIME. Processing and approving businesses that use an invoices is simpli鍖ed and invoices can be automated accounts managed more effectively. There is an payable solution can audit trail of invoices processed. Ef鍖cient cut the cost of invoice work鍖ow 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. Bene鍖ts are felt at numerous levels The solutions available can be built throughout a business in terms of around an organisations retention freeing up space and time, facilitating and destruction policy. accessibility and knowledge sharing, promoting staff 鍖exibility and enabling www.kefron.ie better business continuity.