First Steps for Accounts Payable

For decades companies have relied on a manual and paper-based accounts payable process. Accounts payable may not be as profitable when compared to sales revenue streams, however, it plays a significant role in improving a business’ cash flow. Streamlining and automating AP can lead to a paperless and hassle-free solution.

Download the First Steps sheet

1

Does your organisation suffer from data entry errors when processing supplier invoices?

2

Have you accidentally paid an invoice before receiving the product or service?

3

Do you regularly miss out on early payment discounts from suppliers?

4

Do you experience late payment fees from suppliers due to the slow processing of invoices?

5

Are you constantly following up on queries manually or fielding supplier queries regarding late payments?

6

Do you receive, and pay, duplicate invoices from your suppliers?

7

Does your AP team spend most of its time investigating pricing and/or stock discrepancies?

8

Do you spend a considerable amount of time trying to work out what happened to invoices because your system can’t or isn’t sophisticated enough to do so?

9

Do you want to improve your supplier relationship by providing a faster invoice processing/payment rates and better visibility?

Contact us for further details about how B2BE can help automate and streamline your existing accounts payable process. Or we can help to implement an automated three-way matching process for your organisation.

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