ACCOUNTS PAYABLE AUTOMATION

VISIBILITY

Automating accounts payable in this way gives users visibility into bill activities, statuses, and ownership with greater transparency and accountability. Audit-ready histories of approved bills are stored locally in your Enterprise Resource Provider, and invoices can be downloaded anytime.

Our AP Automation software solution uses Artificial Intelligence (AI) technology to automate AP invoice processing.

Automating AP will streamline processes such as purchase order (PO) matching and 3-way matching against goods or services delivered. And to take it up another level, you can expect the identification of duplicate invoices, mismatch notifications, and other fraud prevention functionality.

The DASH AP Robot™ is used by the accounts payable team to streamline invoice processes, add more control over internal processing functions with tracking functionality, and improve the speed at which vendor invoices are processed. This automated invoice processing system helps the accounts payable team automate the capture and coding of invoices seamlessly.

Consider the following questions when considering costs:

• How long does it take on average to pay an invoice?
• How long does it take to verify and approve an invoice?
• How much does it cost to process an invoice?
• How often are you late on your payments?
• How often do you take advantage of early payment discounts?
• How often do you issue duplicate payments?

The beauty of a paperless AP function (beyond saving trees!) is that once everything is digital, invoices are turned into actionable data for automation workflows, integration capabilities, and unified communication on top of the invoice.

For instance, let’s say you have an invoice in your system that needs verification. If the purchase order (PO) can be pulled from your integrated accounting system, DASH AP Robot™ will help match your invoice data to the PO to ensure it’s valid. Thereby, providing your approvers with sufficient documentation to make a faster decision on the invoice itself.

Data capture and extraction

If you have your invoices coming in electronically—great! DASH AP Robot™ is suited to help capture and extract that data with no human intervention. That’s right; your team doesn’t have to manually key in data anymore!

Manual data entry is not only tedious for your team, but it’s also time-consuming and prone to typos and human errors. On the other hand, software that’s designed to read and understand the data on an invoice is highly accurate and nearly instantaneous after learning your processes [yay DASH AP Robot!™].

With DASH AP Robot™, you can also capture and extract supplier invoice data below the header, including individual or custom line items. And if for some reason your vendors aren’t sending electronic invoices yet, you can still scan your documents and the DASH AP Robot™ will extract the data with incredible accuracy [over 90%!].