One of the biggest factors that contributes to late payments and missed discounts at organizations is inefficiencies associated with the manual routing of invoices between people and departments.
Synergize for Accounts Payable enables organizations to streamline the accounts payable process through electronic workflow and automatic document matching. This helps reduce corrections transactions in accounting systems, improve employee productivity, avoid late penalty fees and most importantly, negotiate significant early payment discounts with suppliers.
In this demo, we look at how document management systems helps eliminate inefficiencies within AP departments by:
- Streamlining the A/P process
- Getting the right information to the right people at the right time
- Reducing error rates within accounting systems
- Improving employee productivity
- Avoiding late penalty fees
- Making information instantly available
- Having complete process transparency
- Giving the ability to negotiate early payment discounts with suppliers