NEWS ARTICLE ARCHIVES
Accounts Payable Software Solutions from Caylx Software
AP departments using OnBase Accounts Payable solutions with their business accounting software process more documents in less time with less risk. You can too.
By electronically capturing documents at the front end, you can access them right from your ERP or accounting information systems. OnBase takes data from accounting software, indexes AP documents and performs three-way matches. It also speeds approvals and exceptions resolution, which helps avoid stalled invoices, late penalties and inaccurate accruals. Better discounts and terms, less risk and easier accounting audits.
The Solution
OnBase AP Solutions are packaged solutions easily configured to meet your specific needs. Using a workflow template design wizard, your solution is quickly mapped to your AP process. That means you keep implementation time to a minimum and user acceptance is rapid.
With the OnBase accounts payable solutions your organization will be able to:
- Take all vendor discounts while improving vendor relationships
- Optimize approvals, payment cycles and reporting
- Lower costs and the risk of accrual misstatement
- Take on volume increases without additional staffing by automating routine tasks
- Let you know where you stand, with a clear financial picture and documents to back it up
Speed up the AP processes with automated workflows implemented in days
With OnBase AP Solutions, organizations electronically capture AP documents when they arrive and make them immediately available for processing. This means no more waiting on inter-office mail for accruals decisions or exceptions resolution that require supporting documentation.
OnBase AP Solutions automate workload distribution, reviews and approvals. AP departments process many more documents in much less time.
- Eliminate stalled invoices and automate document routing
- Easily perform and augment three-way verification, including exceptions resolution
- Seize all vendor discounts, improve vendor relationships and increase favorable terms
Unite the data in your ERP systems quickly and cost effectively
Incomplete or poor system integration leads to duplicate data entry and wasted search time. It also increases the risk of errors and adds excessive time to AP cycles. Fixing the problem is often difficult and frequently stalled by the high cost of custom coding, infrastructure and ongoing IT maintenance. It doesn't have to be that way. With OnBase AP Solutions:
Eliminate redundant data entry and turn hundreds of hours of repetitive duties into automatic tasks with integrated document management and workflow
Easily share data among systems and auto-index documents upon receipt to optimize downstream forecasting and strategic planning with real-time reporting
Expand the reach and investment of your ERP by triggering AP workflows as soon as a document is scanned or electronically imported into your ERP or OnBase
Quickly modify workflow settings to support changes in AP processing or personnel
Get rid of paper in AP and replace it with electronic document agility
Paper gets lost. It's also expensive to buy, store, ship and manage separately from the data it supports in accounting and ERP systems. When organizations electronically capture invoices and other documents as they arrive, they eliminate those costs and documents have more value. Organizations:
- Instantly track document status, including who has seen it, decisions and approvals
- Resolve vendor disputes instantly with supporting documents at users' fingertips, including POs, invoices and packing slips
- Replace costly, error-prone paper processes with automated workflows.
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