Discover how we’re changing the scale of automation in sectors ranging from pharma
to finance and supply chain to retail with our latest customer stories.
Over time, staffing at the out-sourced supplier should be reduced by 80% and the client will benefit from reduced late payment penalties as well as an enhanced ability to offer early payment terms in return for supplier discounts.
Decision Engines logs each instance, enabling analysis of requests to indicate possible invoice processing issues, resulting in improved service levels, removing bottlenecks, and reducing the workload and stress on Accounts Payable staff.
Missing PO Reconciliation
As a result, human intervention has been largely removed, with exceptions flagged when insufficient data can be derived from the invoice. The impact has been to accelerate none PO invoice processing, reducing the time and associated cost of handling thousands of invoices.
Supplier Pricing Updates
The result is significantly faster and more accurate processing of price changes on a 24×7 basis, saving the cost previously incurred through pricing errors and greatly reducing the hours spent by staff on a critical but complex task.
Bill of Lading
Data entry costs are lower and, with a much shorter lag between product receipt and entry into the company’s inventory system, it is easier to plan workload and staffing around busy or peak delivery times.
Automated W9 administration is extremely beneficial for tax compliance, but there are several more reasons to embrace digitization. Automation eliminates incorrect data and quickens the whole process. It makes invoice management and vendor finance easier. It allows you to generate a W-9 invoice, enhance cash flow (less labor), and increase payment choices. It’s a useful tool for doing menial jobs so you may focus on your business rather than spending time on it.