A step-by-step approach to invoice automation

So how do you go about getting from where you are today to effective invoice processing automation? Fortunately, this is one important initiative that can be undertaken as a series of small steps, and can generally be done without making any significant changes to your existing systems.

Initial steps don’t require new systems at all in order to deliver incremental benefits. Technology only comes into play once a foundation of policies and procedures are established. Consider the following steps:

1. Analyse current processes
Find out how invoices flow through your company today. Where are they received? How do they get to Accounts Payable (AP)? How are they validated and coded?

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn

More articles like this

Proactis included in QUANTIQ’s virtual conference line-up

Proactis, the spend management experts, has announced its support of new strategic partner, QUANTIQ, by presenting a session at its upcoming virtual conference. Running from 20-22 April, WinTEQ, QUANTIQ’s annual conference, will be 3 days packed

What are the main advantages of implementing technology solutions

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and

British Land transforms its finance processes with Proactis

Objectives To automate the Purchase-to-Pay and Accounts Payable processes. Full visibility of purchase orders and committed spend. Improved purchasing control, whilst continually aiming to reduce the time taken to process invoices. How Proactis helped Complete access

The key to supply chain resilience and effective risk management

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and

How to manage your purchasing process

All businesses need to purchase goods to meet their day-to-day needs. If you do not have a formal purchasing process in place, you may be spending more than you need to procure items and services. How

Proactis signs contract with Denbighshire County Council

Proactis Holdings plc, (LON:PHD), the business spend management solution provider, has announced that it has signed a contract with Denbighshire County Council to provide its early payment service, bePayd, into DCC’s supply chain. bePayd will enable DCC’s suppliers

Proactis announces 2020 UK Partner award winners

Proactis, the spend management experts, would like to announce the winners of its prestigious UK Partner Awards which recognise the tremendous achievements attained by Proactis partners. Reseller Partner 2020 – Lake Referral Partner 2020 – Unit4

Proactis named Unit4 ISV Partner of the year

Proactis, the spend management experts, is delighted to announce that it has been awarded “ISV (Independent Software Vendor) Partner of the Year” by Unit4. Proactis received the award, based on new business revenue, current mutual customer