Accounts Payable / Accounts Receivable Automation
Naviant offers Accounts Payable/Receivable Automation Solutions.
Accounting efficiencies are a critical component of today's successful companies and directly affect the bottom line. Trying to manage the ever-increasing variety of invoices, expenses, payments, purchase orders, and receipts is challenging and time consuming.
If your organization continues to work in a paper-based environment and struggles with locating the documents needed to process invoices or resolve issues, you are not alone — accounting professionals typically spend 50% of their day in search of this information. In fact, consider the many hours spent simply retrieving and re-filing endless invoices. On average, it costs $20 to file a document, $120 to find a misfiled document, and $220 to reproduce a lost document.
Naviant's extensive experience within the accounting industry has demonstrated immediate results, including productivity increases of approximately 300% per person, processing cost improvements per invoice of more than 60%, and accounts payable automation paybacks within less than a year!
By digitizing, standardizing and automating processes, Naviant enables organizations to streamline the full range of AP/AR processes, including:
- Automate invoice processing & approvals
- Streamline exception & purchase order handling
- Automate requisition submissions & key data capture from invoices
- Increase accuracy & improved customer service
- Reduce costs through process improvements
The Top Five Reasons for AP Automation
How much money would you save if you could increase early pay discounts from vendors? How do you prove to auditors that expenses were approved by the appropriate people? Which of your Accounts Payable (AP) clerks is best at handling exception invoices? What is the status and where is the invoice you put in inter-office mail for approval last week? For organizations using enterprise content management (ECM) software to capture, manage, store, preserve and deliver invoices and other unstructured content in their AP departments, these questions are much easier to answer. Read full version of the Top Five article here.
Whitepapers & Case Studies
- AP Automation Case Study: SAP-Certified (pdf)
- AP Whitepaper Request
- AR Case Study: Aerial Company (pdf)
- AR Whitepaper Request
- Healthcare ePayables Whitepaper: Going Paperless in AP
Accounts Payable / Receivable Solutions
