While Accounts Payable is an essential function of any business large or small, it represents significant overhead costs. Greater administrative efficiency and productivity in this area can translate into a competitive advantage.

Datamail's Accounts Payable invoice processing solution, PaperlessAP, automates a significant portion of this administrative workload, and achieves cost reduction through streamline processes. It frees your staff from labour intensive data entry tasks to focus on what really matters - approval of payments and resolution of exceptions.

This solution leverages Datamail's on-going investment in imaging, capture, document management and workflow technologies. It is ideal for organisations with a diverse supplier base, high volume invoices (300 a day, or more) and highly distributed approval process.

Datamail's solution provides a single consistent "channel" of Accounts Payable data regardless of the evolving technological capabilities and practices of your suppliers, Datamail takes care of the entire process of transforming supplier invoices, paper or electronic into a format suitable to your specific needs and back-end systems.

And because Datamail offers the entire solution as a service, you can be up and running within a short space of time with no capital expenditure, software deployment or user re-training.

Companies automating their invoice processing typically realise the following benefits:

• Significant cost savings driven by more-efficient processes
• Compliance with the latest regulatory requirements mandating visibility, timeliness, and accuracy of financial reports, due to the implementation of proper controls,
• Increased visibility throughout the process, due to robust reporting capabilities,
• Improved supplier relationships by effectively managing the payable process,
• Better document control and management, and
• Ability to track unrecorded liability typically associated with non-purchase order expenditure.

Click here to download a copy of our PaperlessAP solution sheet.