AgileAP

Achieve Accounts Payable Excellence with Optimized Invoice Processing

Top Accounts Payable Process Challenges

Approvers / Stakeholders take too long
19%
Data errors and discrepancies causing process delays
20%
Automation solution is not user friendly
20%
It is difficult to modify our process when needed
5%
Invoice exceptions causing process delays
25%
Too much manual data entry
25%
Too many paper documents and files
26%

While many AP organizations are confident in their ability to handle more invoices, they continue to experience challenges. Too many paper documents and files, too much data entry, invoice exceptions and difficulties modifying processes when needed are the biggest invoice management and processing challenges. Non user-friendly automation solutions are also a key issue for organizations with mostly or fully automated AP processes.

Issues As A Result Of Delayed Process​

I don't know
4%
Negative credit rating
7%
Contract cancellations
15%
Penalties or fines
15%
Damaged vendor / supplier relationship
20%
Delayed delivery of goods or services from vendor / supplier
25%
Stress on AP team
27%
None of the above. Our payment and processes are rarely delayed.
40%

These challenges can create significant process and payment delays that negatively affect the business. When asked what issues their organization had experienced over the previous 12 months, respondents cited stress, delayed delivery of goods and services, and damaged vendor relationships as the top consequences of inefficient invoice and payment processing. However, a significant portion of accounts payable organizations claim their payments and processes are rarely delayed. Those respondents were split equally between manual and automated organizations.

accounts payable automation

AUTOMATE INVOICE RECEIPT

Whether you receive most invoices on paper or already exploit e-invoicing, AgileAP leads the industry in automating the multichannel receipt and validation of PO and non-PO invoices.

STREAMLINE AP WORKFLOWS

AgileAP solution drastically cuts time and cost from the AP approval cycle and accelerates issue resolution.

INTEGRATE QUICKLY AND EFFICIENTLY WITH ERP SYSTEMS

AgileAP solution integrates efficiently and securely to any ERP, so you avoid re-keying, error and fraud.

LEVERAGE ANALYTICS FOR VISIBILITY AND INSIGHT INTO KEY PERFORMANCE AREAS

Use analytics data to take actions to improve financial performance and bottom line results. Measure and assess productivity, optimize cash management, enhance vendor interactions and enforce compliance.

ENHANCE INTERACTIONS WITH SELF-SERVICE VENDOR PORTAL

Self-service invoice submission significantly reduces costs for vendors and buyers. Vendors eliminate the costs, labour and delays associated with invoice printing and mailing. Vendors also eliminate the risk of payment delays due to lags in invoice receipt. Buyers eliminate mailroom costs of invoice receipt, handling, sorting and scanning. As an added benefit, both vendor and buyer achieve increased invoice accuracy while reducing their impact on the environment.

Complete Accounts Payable Solution and Payment Automation

Activants Accounts Payable Automation Enables You To

Buyer's Purchase Order Application

Supplier Fulfill Order

e-Invoicing

Invoice Matching

Approval Workflow

Straight-though Processing

Vendor Portal

ERP Integrations

Payment Services

Data Analytics

1 %
Reduced invoice
processing cost
1 %
gain insight into
outgoing payments
1 %
Shorten invoice
processing time

Visit Us

24 Sin Ming Lane
#08-105 Midview City
Singapore 573970

Contact Us

Tel. (65) 6684 7044
Fax. (65) 6684 7042

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