Hyperautomation for Accounts PayableLeverage automation to improve processing time, accuracy, and margin
The procure to pay (P2P) cycle is a four step process of integrating purchasing and accounts payable systems to create greater efficiencies.
Invoice processing lags the other three stages in their utilization of technology. This presents a lucrative opportunity for businesses to use automation to reduce the number of manual tasks required, drive down cost, and improve the employee and vendor experience.
Businesses face a number of challenges with invoice processing operations including invoice receipt, data entry, coding, approvals, and visibility. They also spend too much time on the repetitive tasks needed to handle implementation, vendor onboarding, reporting, cash management, and payment processing. Our hyperautomation services capture data quickly and process invoices efficiently with our automated approval process. The end result is faster and more accurate processing that saves you time and money.
ZIA’S AP SOLUTION DEMO
Automate your invoice process from beginning to end.
of AP departments cite high invoice processing costs as their top challenge.
– ARDENT PARTNERS
Organizations leveraging RPA as part of their AP hyperautomation strategy require one less FTE per
revenue and process 11,000 more invoices per AP clerk per year.
– ACCOUNTS PAYABLE:
BLUEPRINT FOR SUCCESS
of invoices arrive in a manual format.
– LEVVEL RESEARCH
Insurance Document Automation Problems We Solve
Drastically reduce the amount of time wasted opening/sorting mail, and manual data entry and matching.
High Human Error
Virtually eliminate errors resulting from manual data entry.
Poor Customer Satisfaction
Accelerating the invoice process, only routing those that need further analysis.
High Cost per Invoice
Streamline processes to drive down costs
Document & Data Capture
- Multi-channel document capture
- Automated header-level and line-level capture
- Foundation for enabling automated 3-Way Match in ERP/LOB
PO Invoice Reconciliation Workflow & Reporting
- Invoices with error conditions are automatically routed for reconciliation
- Visibility to parked invoices
- Clear provisions for escalations
Single content repository
- Streamline the process
- Leverage G/L Chart of Accounts and Table of Authorization
- Provide critical visibility to liability position