Competitive Advantages for Manufacturers with Automation of Accounts Payable

In manufacturing, it is a known fact that you cannot manage what you cannot measure. Automation in the manufacturing industry goes beyond engineering or the production floor, it can apply to every department. In today’s marketplace, Accounts Payable (AP) Automation is considered a business-critical function within the back office. Having a streamlined and efficient AP department results in more than just reduction in manual data entry or human errors. The goal should be to have complete visibility into your entire cash flow, maximize straight-through processing or “touchless” invoices, and reduce your overall cost per invoice.

Join us for Competitive Advantages for Manufacturers with Automation of Accounts Payable to learn how to identify important features within an AP Automation tool that will show a significant impact on productivity, accuracy, and customer/supplier satisfaction.

In this webinar, our AP automation experts will cover:

• How to achieve an 80% reduction in received not vouchered rates
• Expediting multiple approvals, routing, and processing of invoices
• Coding shipping charges, taxes, and other variable fees that are on the invoice but not on the PO
• The importance of real-time integration with your existing ERP
• Easy-to-use workflows that tell users exactly what they are expected to do
• Automating the matching process
• Converting unit of measure differences automatically when the ordered quantities are different than the invoiced quantities
• Converting part numbers when you and your supplier use different item numbers for the same part
• The impact of a mobile-friendly process to handle out-of-office approvals and routing procedures

Similar to make-to-order production, AP Automation is not a one-size-fits-all solution. It is important to choose a vendor that understands your business process and can adapt proven best practices to your company’s needs. Join us for Competitive Advantages for Manufacturers with Automation of Accounts Payable and see how IntelliChief can improve productivity within your Accounts Payable department.