Accounts Payable

The Accounts Payable function is a labour intensive administrative process involving one or more of the following steps:

• Receiving and opening A/P invoice mail
• Distributing A/P invoices for approval
• G/L coding of invoices
• Manual entry of invoice data
• Filing hardcopy invoices
• Retrieving hardcopy invoices in response to inquiries
• Matching hardcopy invoices to remittance advice

Inefficiencies in the Accounts Payable process can create delays with undesirable consequences such as:

• Lost discounts
• Strained vendor relationships
• Increased accrual accounting
• Extended workflow cycle
  
  

By outsourcing your Accounts Payable mailroom and invoice input processing functions to ACI your organization can:

• Automate the approval process for all invoices (PO, non-PO)
• Significantly reduce processing delays
• Improve data entry accuracy and validation
• Shorten payment cycle

Specifically, ACI can optimize your Accounts Payable function by matching receipts at the line item level for PO invoices and by integrating workflow technology with corporate business rules for non-PO invoices, thereby automating your A/P approval process.

Case Study #1
Case Study #2





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