Accounts Payable Automation
Instant access to information. The ability to do business anytime, anywhere. Technology solutions that can be used immediately. From end customers to back-office teams such as accounts payable (AP) — these expectations are true across the business spectrum. And these needs are driving AP automation to the cloud.
We’re excited to announce the latest release of Kofax Process DirectorTM (formerly Kofax ReadSoft Process Director). It offers several enhancements to meet the latest SAP requirements, keep up with evolving industry needs, provide greater support for organizations to do business globally, and fully support government mandated e-invoicing.
A global shift is taking place transforming accounts payable (AP) away from its traditional transaction-driven mentality. Instead of being seen as a back office transactional engine churning through invoices and fielding supplier calls, AP is coming to the forefront as a strategic contributor in the business.
The goal for finance and accounting teams is to reduce costs and improve efficiency throughout the financial process. And investment in SAP Enterprise Resource Planning (ERP) is critical for managing the key business functions of your organization, but you will still find some productivity gaps in managing and controlling the associated document and request driven processes.
We continue to find gaps in automated processes where there are activities and tasks between systems, such as keying and re-keying information from one application to another, logging into supplier portals to gather information, and manual updating of financial data or ERP applications from Excel spreadsheets.
It’s lunchtime. And while you have a mountain of invoices to process, you’re grabbing a quick meal to go before heading back to the office. Standing in line to place your order, you look up and see the menu above. Sandwiches, salads…and then you notice something that makes you look again. Invoice Automation. That’s odd, you think. Why would invoice automation be on a to-go menu?