In the Procure to Pay cycle there are many opportunities for increased automation. Even though digital forms of invoices are increasing in popularity, many organisations still receive a significant number of paper invoices from suppliers that require manual processing by Accounts Payable teams.
By automating processes many benefits can be realised which save cost by avoiding duplication and errors and free resources to achieve early payments discounts and build stronger supplier relationships.
Redfaire’s Accounts Payable Automation solution built on Oracle’s Webcenter Technology and with Oracle Validated Integration status offers a proven alternative. From capturing invoices through verification and approval the manual interactions are minimised to allow the maximum straight through processing.
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Consider an organisation that has been running the same ERP system for many years. For such organisations, a large and growing database can start to cause significant data management challenges.
Many organisations are spending more than necessary on their Procure2Pay processes , lack visibility of key metrics and are missing out on key supplier discounts. Analysis has shown that those who have transformed their AP process can achieve savings of up to 50% . Join our webinar to find out how .