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ACCOUNTS PAYABLE AUTOMATION & SOLUTIONS

Processing both paper and electronic forms invoices typically requires manual effort that can be costly and error-prone.

However, by automating your Accounts Payable Department you can streamline the invoicing process, eliminate potential human errors and lower the cost per invoice processed.

CUSTOMER FOCUSED PROCESS

Our cloud-based technology will capture and verify key information from paper or digital invoices. This is then either posted directly into your company accountancy software, or alternatively a CSV file is created for easy upload.

Furthermore, we are able to implement workflows and approval processes in order to suit your current procedures.

To see a free live demonstration of our Accounts Payable Automation solution, Book a Demonstration.

HOW DOES IT WORK?

This usually involves a workshop, whereby we listen and understand your current practices. We then use this information gathered to design the best solution for you.

Solutions can come in many forms, for example:

TIME SAVINGS

Research has shown that invoice process automation can free up to 80% of staff time, leaving them time to do more value added tasks.

INCREASED ACCURACY  

Data capture automation eliminates manual keying from the AP process, and in doing so, significantly decreases errors associated with human touch points

COST SAVINGS AND CASH FLOW

The cost of labour to manually enter data is significantly reduced, and companies can forecast cash flow more accurately through improved visibility and control

TIME

Speed up query resolution and avoid delays with lost invoices.

PAYMENT DISCOUNTS

On time settling of invoices captures early payment discounts and reduces late payment penalties

SECURE CLOUD-BASED TECHNOLOGY

Kefron’s Automated Accounts Payable service is available as a cloud-based platform for the management of data and document processing, automated workflow and throughout to your company accounting software. With ISO 27001 Information Security accreditation, Kefron’s cloud platform offers secure 24/7 processing and complete scalability.

SaaS (Software as a Service) applications have gained particular ground due to the inherent qualities of software that is owned, delivered and managed remotely by one provider. This is beneficial to our customers because it ensures:

Ease of deployment

Applications are easier to get up and running because there is no hardware to buy or infrastructure to set up and configure.

Scalability

Applications can expand as the number of users grow, enabling the organisation to start off small and enlarge as its business grows

Cost-effectiveness

The attainable cost structure of SaaS applications compared to on-premise options is as important to organisations as ease of deployment. The service does not require upfront capital expenditure, so it is easier to accommodate existing budgets, or budget constraints

Accessibility

The SaaS based applications require a browser interface, which makes the technology available at multiple locations

Technology of the future

The much-publicised cloud technology has earned management attention for its economies. According to a Gartner report, “95% of organisations expect to maintain or increase their investments in SaaS throughout 2015”

COST

Unlike other companies, we operate a ‘software as a service’ model. This enables our customers to pay a price per invoice processed on our cloud-based solution and hence avoid expensive upfront software purchasing costs.

The rate per invoice is dependent on the expected volume of invoices per year as well as how much information a customer wishes to extract from invoices, aka invoice header and footer alone or invoice line item in addition.

To discuss your Accounts Payable outsourcing needs, get in touch with our team today. We will help you find the right solution for your business.

To see a live demonstration of our Accounts Payable Automation solution, Book a demo here.

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