Accounts Payable Data Entry Automation offers significant time and cost-savings for businesses handling large volumes of supplier invoices and receipts.
The accounts payable function is the most time-consuming and costly function for many businesses with a large supplier ecosystem.
Suppliers receipts and invoices arrive through may channels, such as by post, courier or emails and these must be collated and managed by accounts payable staff.
Even with the most sophisticated purchase order system, companies must still wait for the arrival of a supplier invoice before settlement can take place. Late payment may have cashflow advantages, but it could also lead to reputation damage, late payment charges and negative credit ratings.
Our real-time data capture software processes supplier invoices which are then updated by our team within 24-48 hours. This allows for the timely update of the sales ledger and production of accounts payable reports
Clients using our data entry automation service:
- are allocated a dedicated Canalitix email account for suppliers to submit their invoices, and for invoices arriving by courier or post to be scanned emailed to us
- receive daily, weekly, and monthly batch control reports to confirm the complete and accurate processing of supplier invoicessubmit their invoices, and for invoices arriving by courier or post to be scanned emailed to us.