Let’s face it: paper invoices wreak havoc in accounts payable. They take too long to process, often contain errors that increase processing costs and cycle times, and hinder productivity. Get rid of the paper, and you can solve these problems.
That’s where Ariba can help.
With Ariba touchless invoice automation, your AP staff spends less time tracking down paper invoices, resolving invoice errors, and responding to supplier inquiries about when they will get paid. A supplier portal lets suppliers handle all the dirty work: automatically “flipping” purchase orders into invoices and submitting them electronically as a “perfect payable”; correcting invoice errors immediately upon submission, not days or weeks after the fact; seeing real-time status of when they will get paid; and more.
With touchless invoice automation, AP productivity soars, with invoices processed per full-time equivalent (FTE) rising from less than 10,000 invoices a year to 40,000 invoices/year or more. That leaves more time for higher value activities such as supporting procurement efforts to enforce supplier compliance to your preferred invoice process, and identifying early payment discount opportunities.
To learn more about invoice automation and the results that customers are achieving today, join us for a webinar hosted by IOFM on Tuesday, Feb. 12, 2pm EST/11am PST. You will hear how Maxim Healthcare Systems has automated the “buy” and the “pay” sides of procure-to-pay to lower its invoice processing costs, improve compliance, and gain better control over spend.