ProfitsFlow APS
Profitsflow APS is a smart, AI driven accounts payable automation solution that significantly reduces the cost of manually processing invoices. This solution gives the user complete control and flexibility when processing supplier invoices and statements. There is total visibility throughout the process and full knowledge approval is granted at every stage.
Automating the Accounts Payable Process
No longer do you have to endure the labour intensive accounts payable process every month. With Profitsflow APS you can achieve true integration with your accounts package. Invoices can be set for automatic approval, matching to a purchase order or manual approval with easy access to historical spend and full view of previous invoices per supplier. Profitsflow APS can accommodate all Irish & UK Tax Rates and is compatible with EU and Non-EU Tax accounting (including limited tax reclaims due to business mix). Return & reject invoices between system users or back to your suppliers via email.
Benefits for your business
- Monitor price movements and fluctuations between invoices.
- Profitsflow APS can display and automatically process invoices that match GRNs.
- Users can reconcile the statement against processes invoices with just one click.
- Users can set up delivery confirmation on any invoice.
- All invoices are tracked with AI illustrating whose approval is required.
- Profitsflow APS stores all processed invoices for 7 years safely and securely.
- Total cost of processing invoices can be lowered by 80%.
How does Profitsflow APS work?
Step 1: Supplier emails in the invoice to your designated Profitsflow APS email account.
Step 2: Profitsflow APS retrieves relevant data and performs an automatic 3-way match (Purchase Order / Goods Receipt / Invoice).
Step 3: All data is extracted, coded processed, distributed and stored.
Step 4: Profitsflow APS automatically updates your accounts package reconciling invoices with statements. Unreceived invoices are flagged and all documents are held securely.
Implementation of the Profitsflow APS solution is delivered following a proven, straightforward process in a four-week timeline. Once up and running, the time savings ensure the system pays for itself within the first few months of operation.