Beyond the Standard Invoice

Taming Your Toughest AP Challenges with Automation

In Accounts Payable, the routine sounds simple. A purchase is made and the purchase arrives along with a corresponding supplier invoice. If a PO was issued, the supplier’s invoice is matched against the PO and the receiver document. If a PO wasn’t issued, an approver approves the invoice based on the receiver document. Then the supplier is paid. It’s a clean, efficient process, right? Well, if you’re familiar with most AP departments, you might be thinking, “Not so fast!”

For many organizations, “special” invoices—lump sums, retainage, freight charges, progress buillings, utilities, expense reports, and more—are the true roadblocks to AP efficiency. Manually processing these complex invoices is costly. Many business is are turninig to AP automation to cut through the complexity, shorten processing cycles, and dramatically reduce costs. Knowing what to look for in an AP automation solution that maximizes straight-through processing, streamlines exception handling and approval processing workflows, and effectively manages non-standard invoices is critical to generating the ROI your stakeholders expect.

Key Takeaways:

• Learn how IntelliChief AP Automation handles non-standard invoices, including:
  • Unplanned Charges
  • Retainage Invoices
  • Non-PO Invoices
• Understand the hidden costs and risks of manual exception handling and how advanced AP automation reduces these costs and eliminates risks