Nowadays companies are constantly looking for ways to streamline their financial operations, reduce manual errors, and cut down on processing time. This is where automated accounts payable (AP) software, like Profitsflow APS, comes into play. Accounts payable automation software can transform the way businesses manage their invoices, payments, and vendor relationships by automating repetitive tasks, reducing manual data entry, and improving overall financial control.

Profitsflow APS is designed to handle the end-to-end accounts payable process, from invoice capture and approval to payment processing and reporting. By leveraging automation, companies can eliminate these tedious manual processes, ensuring that invoices are processed quickly and accurately, which not only saves time but also reduces the risk of human error. In fact, implementing Profitsflow APS can reduce the cost of processing supplier invoices by up to 80%.

How Does Profitsflow APS Work?

Understanding how this AP solution works is simple, and it can be explained in three easy steps.

Step 1) Invoice Received

All suppliers will email their invoice directly to your Profitsflow APS email account.

Step 2) Data Automation

All the information from the invoice in your email account is automatically extracted and coded.

Step 3) Accounts Updated

Immediately, your accounts are then fully updated, statements reconciled, and all files are then stored securely.

These simple steps can transform your accounting department. The solution can be integrated with a vast range of different accounting packages and Enterprise Resource Planning (ERP) systems. You can check exactly how much you could save by using our very own ROI Calculator.

Key Benefits of Automated Accounts Payable Software

1. Increased Efficiency: Effectively utilising accounts payable automation allows your company to speed up invoice processing, reducing the time spent on manual data entry and approval. This allows finance teams to focus on more strategic activities.
2. Cost Savings: By reducing manual processing, companies can lower administrative costs and avoid late payment penalties, leading to significant cost savings.
3. Improved Accuracy and Compliance: Automation reduces the likelihood of errors and helps ensure compliance with financial regulations by maintaining accurate records and audit trails.
4. Better Cash Flow Management: Real-time visibility into the status of invoices and payments helps businesses manage their cash flow more effectively, optimising payment schedules and taking advantage of early payment discounts.
5. Securely Store documents: All documents on Profitsflow APS are securely stored for 7 years with an advanced search functionality to recover older documents effectively.

Profitsflow APS is a powerful yet cost effective accounts payable automation solution that can be implemented in as little as just 4 weeks. You can take a detailed look at the implementation process here. If you are interested at looking at this solution in further detail, we encourage you to book a demo with one of our specialists. In just one hour you will have a full understanding of how the software works and how it could help your business.

Click here to book your Online Demo.