Elire’s Strategic Advisory Services AP Process Redesign methodology empowers your organization to define requirements for the end-to-end invoice management process, including invoice intake, coding, workflow approval, voucher creation, reporting and dashboards. By leveraging AP Automation software, the Elire team can develop a standardized process across the organization, for exceptional efficiency gains, fast processing, and improved collaboration
Are you:
- Spending too much time entering data and not enough time analyzing it
- Lacking visibility in the end-to-end process from receiving to paying invoices
- Incurring late fees or missing out on early pay because you don’t process and/or approve invoices fast enough
- Operating with separate, unintegrated systems for imaging of invoices
Automation can help you achieve significant benefits:
- Improves Accuracy
- Without Automation, 10% of invoices processed have errors
- Each error costs on average $53.50 to rectify
- With Automation, 37% less errors in invoices
- Provides Control and Transparency
- Reduces manual steps and risk for fraudulent activity
- Provides an end to end audit trail and enforces control policies
- Improves fraud detection from business rules and artificial intelligence
- Resource Utilization
- Invoice processing by 1 AP Resource per Year goes from:
- Before 10,000 invoices/year
- After 27,700 Invoices/year
- Invoice processing by 1 AP Resource per Year goes from:
Service Offerings
Elire can work with you to deploy an AP Automation Solution that:
- Extracts information from invoices directly into voucher
- Validates values of key invoice data elements against ERP
Master Data, including access to Supplier & Purchase Order information in the ERP system - Attaches and manage document images to ERP transaction screens