Accounts Payable automation costs organizations a considerable amount of time and effort compiling and creating manual paper-based invoice as well as manual document processing.
The problem today is that wasting so much time doing unnecessary manual work reduces finance personnel´s time doing business-impacting analysis that can provide valuable insights for decision making.
In this volatile economic climate, all CFOs agree that it is more important to focus on preparedness for potential market stressors than to waste time in mundane tasks.
Automating accounts payable guarantees increased efficiency and improvement of the daily visibility of the status of running projects and the like. By simply automating, not only will this area be streamlined, you also save time and money within the department.
Performance Canvas by DSPanel offers accounts payable automation as an add-on feature to its unified automation platform for financial reporting, budgeting, planning, and consolidation.
It affords better control of received goods and services, invoiced goods and services, automatic purchase order matching, automated invoice posting, shorter processing time, and reduced likelihood of handling and notification errors.
Performance Canvas by DSPanel through its AR/AP add-on feature offers a specialized capture technology to get invoices into the system automatically. It also has the ability to analyze historical payment behaviors of your customers enabling you to predict the most likely date of their payment for the next invoice. This can come in handy when strategically planning.
On top of that, it offers a workflow that works natively with any ERP system in order to simplify audits and reduce lost invoices and all these are available in on premise, cloud, SaaS or hybrid deployments.
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