PiF Technologies

Accounts Payable Automation

Eliminate paper & manual data entry

What is AP Automation?

In technical terms, Accounts Payable automation (AP Automation) refers to the technology used to streamline and automate accounts payable processes, removing manual tasks and providing better visibility and control over important financial data.

AP Automation isn’t just a piece of software you install on your computer, it’s a set of connected tools that work as one unified solution to simplify your organization’s processes.

By implementing AP Automation, your organization can:

Decrease invoice processing costs from as high as $40 per invoice to as low as $1.50 per invoice

Decrease invoice processing time from 23 days to 3 days

Reduce delays in approvals for non-P.O. based invoices

Capture more early payment discounts

Avoid late payment penalties and interest

Improve visibility over cash flow and liabilities

When to implement AP Automation

If your organization experiences any of the following, it's time to invest in an AP Automation solution:

How does Accounts Payable Automation work?

Every organization is different, but the benefit of Accounts Payable Automation is that it can be customized to your exact needs.

Understanding your organization’s current process is the first step in automating each step. 

"The payback on our AP automation initiative was 18 months, tops. We experienced a very fast payback."

Gary Grunewald
Chief Financial Officer, Pine State Trading

Learn more about AP Automation, read our latest blog posts:

Amazon Web Services Cloud Hosting

When is the right time to move to the Cloud?

From scalability and accessibility, to enhanced security and cost-effectiveness, Cloud migration can empower your organization to meet increased demands while optimizing your online presence for increased visibility and growth.

Read More »
AP Automation

How Can Beer, Wine, and Spirits Distributors Automate?

In an ever-changing marketplace it can be difficult for business leaders to adapt to new technologies, especially when buzzwords like “Artificial Intelligence” and “Automation” are used without specific context within their processes or industry. Organizations want to adapt and grow,

Read More »
Education

How Automation supports Educational Institutions

Schools, colleges, and universities have many regular processes that heavily rely on paper. As efficiency and security become top of mind for educational institutions, identifying processes to automate should be their top priority.

Read More »
PiF News

Summer 2023 Intern Reflections

This Summer PiF welcomed a new class of Sales Development Interns of rising college Seniors looking to gain real-world experience and learn more about working in sales. Check out their experiences during their time at PiF!

Read More »

Let's Talk Automation!

Fill out the form below, and we will be in touch shortly.

Download "Work Smarter, Not Harder: Understand the Value of RPA" now!

Let's Connect

Have questions? We'd be happy to answer them.

Thanks for downloading!

Click the button below to view your download. You will receive your download link by email as well.